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    H.Y. Davis NB of Cave City- The Only Known Red Seal

    Cave City, KY - $10 1902 Red Seal Fr. 614 The H.Y. Davis NB Ch. # (S)7919
    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, two are Date Backs, and the third is a lone Red Seal that we are pleased to offer this evening. It made its last public appearance in the sale of the Martin Collection in 2002 and realized just shy of $22,000. It is an evenly circulated and attractive PMG Very Fine 25, with good remaining color, and it bears the signature of the bank's namesake, H.Y. Davis, as president. It does have a small internal tear which is difficult to locate, but this is meaningless when considering the note's overall appearance and its rarity and desirability. Four years ago, we sold one of the reported Date Backs for just over $25,000, and based upon this note's status as a unique Red Seal from this location, it should easily exceed that figure.

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    Auction Info

    Auction Dates
    January, 2016
    6th-12th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 337

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