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    Serial Number 1 $10 Miles City

    Miles City, MT - $10 1902 Plain Back Fr. 635 The First NB Ch. # 12536
    One of the great things about cataloging for our auctions is the opportunity to handle some true wonder notes and lightning has indeed struck twice today. Prior to tonight's offering of the following two Montana trophy notes, collectors of The Treasure State had to content themselves with a small size example from this Miles City bank, as a large size piece had eluded even the most dedicated Montana collector. Tonight, we present not only two large size notes from here but they are from the first sheet issued by this late chartering bank after it opened its doors in 1924 that have been held by the bank president's family for generations.

    As background, the eastern Montana community of Miles City was named in honor of U. S. Army General Nelson A. Miles who had been sent to the area after the Battle of the Little Big Horn, according to the local newspaper, to "bring the remaining uncontrolled Native Americans into subjugation." His nephew, George Miles, accompanied him on the expedition and became quite involved in the sheep and livestock trade and would later become the President of the First National Bank. The first bank in Miles City was named appropriately the First National Bank and opened its doors in 1882. In 1924, this institution reorganized itself, adopted a new charter, and changed its name from the First NB of Miles City to the First NB in Miles City from which came these two lovely notes that we present this evening.

    First up is a beautiful Serial Number 1 $10 from the "C" position that features bright paper, a vibrant blue overprint, and bold pen signatures including that of George M. Miles as President. While it has a bit of an irregular cut in its top margin and has sustained some very light handling resulting in its PCGS grade of About New 50PPQ, it was obviously well preserved over the years. A true trophy note fit for the finest of collections.

    More information about Montana National Bank Notes.

    Auction Info

    Auction Dates
    October, 2012
    17th-23rd Wednesday-Tuesday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 762

    Buyer's Premium per Lot:
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