First Ever Appearance at Public SalePawpaw, IL $10 1902 Red Seal Fr. 613 The First NB Ch. # (M)6228
An incredible Red Seal which represents a true miracle of survival. This bank was chartered in April of 1902 and was out of business by November of that same year. Its total issue amounted to 150 sheets of Red Seals, and, by 1910, a miniscule $310 was still unredeemed. Luckily for this generation of collectors, two notes from this one bank community have survived. Unluckily for collectors, both notes have been ensconced in long term collections, one for decades, the other for only about twenty years. Tonight marks the first occasion that either of these Red Seals have ever been offered to the collecting fraternity at public sale. We believe that this note is the ultimate trophy Red Seal from Illinois. If the rest of the world agrees with us, expect this pen signed Fine example to reach the five figure mark in the blink of an eye, and possibly proceed upward from there.
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