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    Unique Virginia First Charter Ace

    Norfolk, VA - $1 Original Fr. 380b The Exchange NB Ch. # 1137
    This unique piece was perhaps the most significant note in the Q. David Bowers collection of $1 Nationals sold in 2010. Mr. Bowers obtained this example from our sale of the Emmett Brooks Virginia collection in 2003, where we described it as: "This is the note that everyone has been waiting for, the true crown jewel of the Brooks Collection. It is the only First Charter ace known from Virginia, and comes from the only bank in the entire state which issued this denomination. It is utterly unique, and has been regarded as such since Elvin Miller acquired it forty years ago. Every collector who has ever collected First Charter ones by state and territory has run up against the stone wall of Virginia, as this note has never been available to collectors at public sale. This piece is, luckily for collectors, a most attractive example, with good color and signatures..." Against a $20,000 and up estimate, the note then realized $25,300. When it sold in the Bowers sale, it realized a very weak $17,250, perhaps due to the fact that the auction occurred shortly after the financial crisis of 2008 and the collectibles market was in a downturn at that time. Today, however, with a greater appreciation for rare items in all collecting fields, it would not surprise us at all to see this incredible rarity with bold penned signatures reach or exceed its 2003 realization. PMG Choice Fine 15, with just an insignificant split repair that affects nothing.

    More information about Virginia National Bank Notes.

    Auction Info

    Auction Dates
    Apr-May, 2018
    25th-1st Wednesday-Tuesday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 638

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

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