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    Description

    Excessively Rare Lake Arthur Territorial Red Seal

    Lake Arthur, NMT - $10 1902 Red Seal Fr. 615 The First NB Ch. # (W)8584
    This short lived bank was the community's sole issuer, lasting only from its organization in 1907 until its demise in 1913. A mere three notes are known, all Territorials, with this example one of just two Red Seals and by far the nicer of the pair. The last note offered from here was the one Blue Seal Territorial known from this bank, which realized $46,000 in an auction this June. This note traces its pedigree back to the Irish collection holdings, and has been off the market since its last appearance in 1997. It was graded there as About Uncirculated, which is somewhat optimistic, but it is certainly pretty enough to appear nearly new at first glance. Very Fine-Extremely Fine, a great New Mexico rarity.


    Auction Info

    Auction Dates
    September, 2009
    9th-13th Wednesday-Sunday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 5,303

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