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Amenia, NY - $5 Original Fr. 397 The First NB Ch. # 706. ... (Total: 2 items)
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Sold on Sep 26, 2013 for:
$9,987.50
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Description
Serial Number 1 Original Series $5
Amenia, NY - $5 Original Fr. 397 The First NB Ch. # 706This is the first of two wonderful serial number 1 examples we are offering from this Amenia bank tonight. Number 1 Original Series $5s are indeed a rare breed as only 37 pieces have been documented for the entire country, according to the National Currency Foundation census. Surprisingly, only two of that total are from other New York State banks - one from New York City that crossed the auction block in 2001 as part of the dispersal of the Doug Walcutt collection and is now ensconced in another long-term holding and a note from Troy which has lain quietly in an estate in the Albany area for the better part of two decades. Thus, these two Amenia examples double the total of number 1 Original Series $5s from the Empire State and may be the only pieces available for quite some time. This "C" position note is certainly one of the finest of this type we have ever handled and has the same wonderful color and fresh paper as the other notes in this offering. The margins are a tad close, but given the thinness of the margins between the notes on these early sheets, it would have taken machine-like precision to produce a more balanced result. No discernable evidence of circulation is seen on this well preserved specimen and therefore we cannot explain why PCGS only assigned a grade of Choice About New 58PPQ to this beautiful note. Also included with the lot is an envelope in which the four notes were stored for these many years and on it is written what appears to be a contemporary inscription of "First Issues, 2 5s, 1st National Bank, Amenia." (Total: 2 items)
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Auction Info
2013 September 25 - 27, 30 & October 1 Currency Signature Auction - Long Beach #3524 (go to Auction Home page)
Auction Dates
Sep-Oct, 2013
25th-1st
Wednesday-Tuesday
Bids + Registered Phone Bidders: 4
Lot Tracking Activity: N/A
Page Views: 401
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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