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    Description

    Unique With This Title

    New Orleans, LA - $20 1902 Red Seal Fr. 641 The Peoples NB Ch. # (S)7498
    This is perhaps the scarcest New Orleans note we have ever had the privilege of offering, as it is unique with this title and will likely stay that way forever. This short lived bank was chartered in late 1904 and issued Red Seals only under two titles. The first was used from the bank's inception through April of 1908, while the second title, which this note carries, was used for only ten months from April, 1908 until the bank closed permanently in January of 1909. This piece is the first reported example bearing the second title. Unfortunately, it has more than its share of problems, displaying some not terribly well executed restorations on the right side. Pretty it isn't, rare and unique it is, and collectors can either choose to wait until a better example comes around, which is likely to be never, or take this note the way it comes. Having collected Nationals for almost two decades, this cataloguer suggests the latter. Good.
    From The Norman Collection


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    Auction Info

    Auction Dates
    September, 2008
    17th-21st Wednesday-Sunday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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