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    Rare and Lovely Private Name Bank Red Seal

    Madisonville, KY - $10 1902 Red Seal Fr. 615 The Morton NB Ch. # (S)8386
    If ever a Kentucky note had it all, this is it. This beautiful Red Seal comes from a bank which was chartered in 1906 and defunct by 1907. During its brief tenure, it issued a handful of Red Seals, of which only two have survived, this piece and another, which is utterly identical and bears the consecutive serial number to this note. The pair was discovered in 1983, and one went right to Glenn Martin, while the other was consigned to a Hickman-Oakes sale in 1984, after which it promptly disappeared and has not been seen since. This is the Martin example, which Bill Gale purchased at his 2002 auction for $13,800. While certainly not inexpensive, where can another example from this private name bank now be obtained at any price? Extremely Fine-About Uncirculated, with the flash and paper quality of a note printed this morning, and bearing the pen signatures of W.J. Ruby and the bank's namesake, W.C. Morton.


    View all of [The Bill Gale Collection of Kentucky Nationals ]

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    Auction Info

    Auction Dates
    January, 2006
    5th-7th Thursday-Saturday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 266

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