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    Description

    Unique Large Size Waterford, PA

    Waterford, PA - $10 1902 Date Back Fr. 619 The Ensworth NB Ch. # (E)10027
    When we sold this Erie County rarity in our 2008 FUN auction we said "This Erie County issuer was one of the least well capitalized banks in the state. Although several Series 1929 examples are known, large notes had been unreported from this institution until we catalogued this item. It comes from the sole issuer in this small community, and from a family owned private name bank that was owned and operated by the Ensworth clan from its inception in 1911. This example is signed by H.C. Ensworth as Cashier and F.W. Ensworth as President. Unlike many "unique" items, this piece has more than a fighting chance of remaining in that category forever, as the bank it comes from had a miniscule $430 outstanding in large notes back in 1935." Back then, it realized $6325 on an estimate of $3000-$5000. Over eight years later, the market has changed a bit but this pretty note is still unique and considering the demand for very special items has continued unabated, it should achieve a strong four-figure price. PMG Choice Very Fine 35, with the comment retouched although nothing untoward is found by your cataloger on this great Pennsylvania rarity.


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    Auction Info

    Auction Dates
    Apr-May, 2016
    27th-2nd Wednesday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 197

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