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    Description

    Unique Minnesota $50 Red Seal

    Minneapolis, MN - $50 1902 Red Seal Fr. 664 The National Bank of Commerce Ch. # (M)3206 PMG Fine 12.
    Tonight, we are pleased to offer two extraordinary Minnesota rarities to the collecting fraternity. Just a total of 6,200 $50 and $100 Red Seals were issued by five different banks in Minnesota and to date, just one survivor of each of the high denominations has been documented. The lone $50 is being offered in this lot while the sole known $100 will be offered in the following lot. It is one of just 104 examples of this type and denomination recorded for the entire country and, while this piece has seen its share of circulation, it still exhibits solid paper, good color, and dark pen signatures. To provide some guidance in estimating such a unique rarity, a brief perusal of our auctions archives indicates that, in other states, unique $50 Red Seals have sold for anywhere from $30,000 to over $60,000. We will take the middle ground on our estimate and let the bidders decide.
    From the Gilmore Sem Collection, Part II


    More information about Minnesota National Bank Notes.



    View all of [The Gilmore Sem Collection, Part II ]

    Auction Info

    Auction Dates
    January, 2020
    8th-14th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 473

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

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