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    Greenup, KY - $20 1902 Red Seal Fr. 639 The First NB Ch. # (S)7037
    Another of the Gale collection's great notes, with this considerably the nicer of the two Red Seals known from this just plain rare one bank community. This piece was obtained by Bill in the first Martin collection sale, where it realized $13,800 (against a pre-sale estimate of $1250-2500) after an epic floor battle. While that result may be an aberration resulting from what Alan Greenspan labels "irrational exuberance," and what we in the auction business like to call "auction fever," the second Red Seal from here, which is in considerably lower grade, sold some months later for almost $5000. We'll be conservative on this attractive pen signed Fine-Very Fine example, and say...


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    Auction Dates
    January, 2006
    5th-7th Thursday-Saturday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 179

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