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    Description

    Lovely District of Alaska Red Seal

    Fairbanks, AK - $5 1902 Red Seal Fr. 587 First NB Ch. # (P)7718
    This lovely Alaska Red Seal comes from one of the early great discoveries of National Bank Notes, the appearance of five uncut sheets of Alaska Red Seals in the hands of Kansas dealer Joe Welles at the 1966 Central States show. Four of the sheets were sold at that event (for $1000 each), with the fifth being retained by Welles and later sold to John J. Ford. This example is the top note from one of those sheets, and has retained its top selvage. While some very light handling has precluded PCGS from assigning a CU grade to this pretty specimen, the color, signatures, and fresh white paper resemble those of a note that left the bank this morning. Last year, another AU sold at auction for a bit over $30,000. This PCGS Choice About New 55PPQ has much more potential with the Premium Paper Quality descriptor; the highest graded example in the PCGS population report with that accolade.
    From The Western States Collection


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    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 739

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