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    Description

    $80 Outstanding in 1910-First Offering Since 1983

    Topton, PA - $10 1882 Brown Back Fr. 482 The Topton NB Ch. # 3358
    This is truly an extraordinary note from a bank which has not been on the market since its one and only offering at public sale a quarter century ago. It comes from a bank which was chartered in 1885 and liquidated in 1886, after having issued a mere 367 sheets of $10 and $20 Brown Backs. By 1910, a paltry $80 was left outstanding from this Berks County issuer. This piece was obtained by our consignor at its last offering, which came in a Hickman-Oakes auction in October of 1983. John, who was not one for hyperbolic descriptions, devoted more space to this note, which he called unique for the ages, than he did to far more expensive items in the same sale. Since that time, a second example has reportedly surfaced from this bank, although it has never been offered at public sale and we have never laid eyes on it. This piece grades a nice Fine+, with bright colors, pen signatures, and the first Brown Back layout used only on the earliest Series 1882 examples. With National Bank Note rarities now bringing many multiples of their 1983 price levels, it would not surprise us at all to see this true trophy item reach or exceed our likely conservative estimate of...


    Auction Info

    Auction Dates
    January, 2008
    10th-12th Thursday-Saturday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 613

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