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    H.Y. Davis NB of Cave City- One of Three Known

    Cave City, KY - $10 1902 Date Back Fr. 617 The H.Y. Davis NB Ch. # (S)7919
    When we first offered this note as part of the Bill Gale Kentucky collection, we described it as follows: "There are some Nationals that demand copious descriptions to help demonstrate their virtues, and there are other Nationals, like this example, where a simple picture sums up its attributes far better than even the most enthusiastic of cataloguers. This is one of the legendary Nationals which make this collecting specialty so different than others. It is one of three examples known from this private name bank, which was the sole issuer in Cave City, and comes from an institution which lasted only until 1917, producing Red Seals and Date Backs only. Of the three notes known, one is low grade, the second a Fine Red Seal which sold for almost $22,000 in the Martin collection sale of June, 2002, and the third is the note we offer tonight. It is a bright Very Fine, and bears the signature of the bank's namesake, H.Y. Davis, as President. Any estimate here is totally speculative, as there has only been one offering from here since 1973, but if rarity, mystique and desirability are any guide, a five figure realization is virtually a certainty." It realized $32,200 at that time, a strong figure indeed, but, with one of the three known notes never having been publicly offered and the other locked away in a major collection, where can another be had at any price? PCGS Apparent Very Fine 30, with a restoration at the top that affects little.

    Auction Info

    Auction Dates
    January, 2012
    5th-10th Thursday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 265

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