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    Nevada $20 Red Seal-One of Five Known From the State

    Reno, NV - $20 1902 Red Seal Fr. 641 The Nixon NB Ch. # (P)8424
    A mere twenty one Red Seals have been reported from all banks in the state of Nevada combined. The Nixon NB accounts for slightly more than one half of that total, with the distribution five tens, five twenties, and a single hundred. The five $20 notes represent all of the Red Seal of this denomination known from all banks in Nevada combined. The National Bank Note census reports the grades of two of the twenties as "Good-Very Good" and "Very Good" respectively, making this considerably superior specimen even more significant. This note bears the signature of one of Nevada's legendary early bankers, George S. Nixon, who signs as President. Nixon started his banking career in Winnemucca, where he and his associate F.M. Lee (who signed this note as the bank's Cashier) organized the First National Bank in 1886. Nixon served as President of that bank until 1906, when he moved to Reno and founded the Nixon NB, serving as President of that institution until his death in 1912. Along the way he found time to enter into a partnership with George Wingfield (who later served as President of this bank, which was renamed the Reno NB in 1915) in several mining ventures as well as serving a one of Nevada's two United States Senators from his election in 1905 until his passing in 1912.
    Most all of the known Nevada Red Seals have been closely held for many years, with only a few emerging when the most comprehensive collection of Nevada Nationals ever formed was dispersed a couple of years ago. Those notes were sold privately, and no Red Seal examples from this bank have emerged since we sold a PCGS Very Fine 20 example six years ago this month for $66,125. This piece, which displays good color and comes in a comment free PCGS Fine 15 holder, offers a rare opportunity which has been available only twice since 1999. Expect bidding to easily reach and perhaps well exceed...


    Auction Info

    Auction Dates
    January, 2018
    3rd-9th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 1,085

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