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East Ely, NV - $20 1902 Plain Back Fr. 652 The Copper NB Ch. # (P)9578 PCGS Very Fine 25.. ...
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Excessively Rare East Ely Example
East Ely, NV - $20 1902 Plain Back Fr. 652 The Copper NB Ch. # (P)9578 PCGS Very Fine 25.This great note is one of only four pieces extant from this bank, which was the sole issuer in this White Pine County community. As the title would indicate, the economy of this area was dependent on copper mining, which quickly became the dominant industry after its inception in 1906. Unlike the larger and more successful banks in nearby Ely, this institution foundered as the mining economy petered out, finally closing its doors in 1925. Track & Price and the current National Bank Note Census show only one offering at public sale for this note, with both in agreement that the last appearance of this example at public sale came almost to this date twenty five years ago when Heritage sold the Nevada collection of Howdy Herz at the 1995 ANA auction. Since that time, only one other specimen from East Ely has reached the market, with that note, a lesser graded example, realizing $14,100 four years ago. Pen signed and perfect for the grade, an evenly circulated and problem free piece which is certain to delight its fortunate new owner.
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