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    Description

    Unique for Type from Arkansas

    Little Rock, AR - $5 1875 Fr. 402 The Merchants NB Ch. # 1648
    This is one of just three notes known from this prohibitively rare bank, which issued First Charters only with this title and $50 and $100 Brown Backs only with its second title before entering receivership in 1893. This institution was one of only three banks in the state to issue First Charter notes, with this piece the only surviving Series 1875 $5 example from Arkansas reported to date. The only surviving $1 First Charter sold several years ago for over $50,000 despite displaying much wear and restoration, and we sold the only reported $20 First Charter from this bank three years ago for over $80,000. With those notes and the one other known Arkansas First Charter note now in very strong hands, it may be many years before another opportunity for collectors to obtain any First Charter from this excessively rare state offers itself. PCGS Apparent Fine 12, with some deftly executed restorations of missing pieces, but with the appearance of a note in Fine or better condition.


    Auction Info

    Auction Dates
    June, 2010
    17th-21st Thursday-Monday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 518

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    Sold on Jun 19, 2010 for: Sign-in or Join (free & quick)
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