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    Excessively Rare Series 1875 District $1-The Finer of Two Known

    Washington, DC - $1 1875 Fr. 384 The German-American NB Ch. # 2358
    An extraordinary note in all respects, and likely the most exciting note to surface among the many candidates in the Malcolm Trask holdings. It's been off the market since Mr. Trask obtained it as lot 207 of the T. James Clarke collection, which was sold by New Netherlands Coin Company in April of 1956. Although the cataloguer could not then have had the faintest inkling of just how rare notes from this bank would prove to be, nor how few aces would ever be found from any District banks, he did make mention that this this item was "decidedly rare," and in an era where even First Charters sold for a pittance, this piece cost Mr. Trask $95, a huge sum for any note in that sale. We now know that only two other notes are known (neither of which has been available for the past two decades) from this short lived bank, which was open for less than two years before closing in 1878, and that by 1916 its outstanding circulation had dropped to a miniscule $270. We also know that this is only the second Series 1875 $1 reported from any District bank (with this by far the nicer of the pair), and that this piece is only one of six other aces recorded from all District banks combined. Bright Very Fine-Extremely Fine, with an exceptional vivid overprint combined with unusually bright colors, a true wonder note worth whatever it brings tonight and more.
    From the Malcolm A. Trask collection.

    More information about District of Columbia National Bank Notes.

    Auction Info

    Auction Dates
    January, 2005
    13th-15th Thursday-Saturday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 482

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