Skip to main content
Go to accessibility notice

    Description

    Prestonburg Red Seal- One of Two Large Notes Known From Here

    Prestonburg, KY - $10 1902 Red Seal Fr. 613 The First NB Ch. # (S)7254
    A fantastic Red Seal rarity from one of the smallest issuers in the state. This institution, the only bank chartered in this coal country county seat, issued just 383 sheets of Red Seals along with a literal handful of Blue Seals and Series 1929 examples as it clung to the minimum $6500 capitalization the law required. With its limited circulation, it is no wonder that the amount of large notes outstanding from here had dropped to only $370 by 1935. Just two large notes are known, both, amazingly, Red Seals. The Martin collection example was a touch lower grade than this, and realized over $8000. We see no reason why this specimen, in a market that values real bank rarity, will not surpass that figure this evening. Fine, with a couple of minor paper clip stains that barely detract from this note's appeal.


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

    Shipping, Taxes, Terms and Bidding
    Calculate Standard Domestic Shipping

    Sales Tax information  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2006
    5th-7th Thursday-Saturday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 187

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2019 April 24 - 30 Central States World Currency Signature Auction - Chicago.

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2018 December 5 - 7 HKINF World Currency Signature Auction - Hong Kong
    2018 December 5 - 7 HKINF World Currency Signature Auction - Hong Kong
    REALIZED SO FAR $1,814,223