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Coffee Springs, AL - $5 1902 Plain Back Fr. 606 The First National Bank Ch. # 11259 PMG Choice Fine 15.. ...
Description
Unique for the Bank and Town
Coffee Springs, AL - $5 1902 Plain Back Fr. 606 The First
National Bank Ch. # 11259 PMG Choice Fine 15.This piece is making its first auction appearance since it last sold as part of Jerry Loegler's Alabama collection in April of 2003. It was cataloged as unique then, and it remains unique for both the bank and the town seventeen years later. This community was one of the smallest in the state to host a National Bank, as the population shrank from just over 500 in 1910 to just over 300 in 1920, leveling off at a mere 258 by the time the bank closed in 1930. The town's unusual name has nothing to do with the similarly titled beverage, as it was named in honor of General John Coffee, a commanding officer in the Creek War of 1813-1814 who camped by the springs during his campaign through Alabama. Any estimate here is simply a surmise, as unique notes are notoriously difficult to value, but rarity alone suggests a figure in the range of...
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