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    Discovery Serial Number 1 Cheyenne Red Seal
    One of Two Examples We Are Offering This Evening

    Cheyenne, WY - $10 1902 Red Seal Fr. 614 The Citizens National Bank Ch. # (W)8089 PMG Choice Very Fine 35.
    Tonight, we are pleased to offer a wonderful new discovery pair of serial number 1 Red Seals from Wyoming. After selling the number 1 Guernsey Brown Back in our recent FUN auction, we thought it would be quite some time before another great Wyoming National would come our way. However, just several months later, a glorious pair of number 1 Red Seals have turned up out of the proverbial weeds. They are a truly great pair of Wyoming notes as they represent just the third and fourth number 1 Red Seals to be reported for the entire state.

    They come from the first sheet of notes issued by the Citizens National Bank of Cheyenne, a modest bank that opened its doors in 1906. The organizers of the bank, who signed these two notes, were president T(homas) B(enton) Hord and cashier E(dward) W. Stone. Hord was originally from Ohio, but came to Cheyenne in 1880. He attempted to make his fortune in cattle ranching, but achieved real financial success in livestock feeding. The presidency of the Citizens National was just a "sideline" for him as his real banking interests were in Central City, Nebraska. Cashier Stone was also an Ohio native who came west at the age of 21 in 1884 to seek his fortune. He became a successful local Cheyenne merchant before helping to organize the Citizens National. President Hord served until his death in 1910 while Mr. Stone was cashier until he became the president of a bank in Pine Bluffs, Wyoming in 1914.

    The Citizens National was a short-lived affair and succumbed to the agricultural depression of the 1920s when it was closed by the receiver in July of 1924. Prior to this evening, fewer than a dozen notes were reported from this large-only issuer, including one low-grade Red Seal. Obviously, the census number are now changed dramatically.

    The first of the two notes we are offering is this very pretty number 1 $10. It is from the "A" position indicating it is the top note from the bank's first sheet. It does have a few light storage folds but retains all of its original ink colors (as attested to PMG's comment "Good Color") and the dark pen signatures of the bank's officers. It joins just two other number 1 Red Seals known from the entire state of Wyoming - a number 1 $10 from Worland which made its last public appearance in the 1996 Memphis auction and a number 1 $10 from Newcastle which surfaced in a 2011 Stacks sale. Neither of those other two notes have made an appearance since their respective initial auctions and may not again for decades. This is a great Wyoming trophy note that is destined to be a centerpiece of the next collection it enters.

    Auction Info

    Auction Dates
    September, 2020
    17th-21st Thursday-Monday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 1,205

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