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    Nice Grade First Charter Fifty

    Louisville, KY - $50 1875 Fr. 444 The First NB Ch. # 109
    The First Charter $50 offered here is one of just six recorded from all Kentucky banks combined, and one of well under 100 First Charter fifties known from all banks in the country combined. It is the only $50 First Charter known from this bank, and has been offered at public sale only once, when we sold the Bill Gale collection of Kentucky National Bank Notes. Fortunately for collectors, this is an absolutely natural and unmolested piece which is utterly problem free for the Fine-Very Fine grade. The colors are vivid, the inks bright, and the overall appearance is of a note much closer to the higher grade here than the lower. First Charter fifties and hundreds have long been grossly undervalued considering their rarity and desirability, but with the market for rare type notes having taken off during the past year, it is evident that these truly undervalued types are no longer being ignored. We seldom make predictions about the future profit potential for any items in our sale, but any presentable high denomination First Charter example purchased in 2006 will seem a bargain when looked at just a few years hence.

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    Auction Info

    Auction Dates
    September, 2006
    13th-15th Wednesday-Friday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 549

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