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    Unique Serial Number 1 Black Charter Example

    Red Oak, IA - $5 Original Black Charter Number Fr. 399 The First NB Ch. # 2130
    This spectacular serial number 1 Black Charter Note represents a true miracle of survival. Discovered earlier this year, it is the only serial number 1 Black Charter Note from any bank to survive, and is one of only three Original Series Black Charter Notes known to exist. It is the "A" position note from the first sheet of fives sent to this bank in 1873, and, as Peter Huntoon noted in his Bank Note Reporter story earlier this year, had obviously been saved by one of the signers. Nothing is known of the note's pedigree since the day it left the bank in late 1873 until it walked into a small Iowa coin shop earlier this year. The note quickly changed hands and the second dealer sent it to PMG for grading because of its attractive appearance. Only when the note came back from PMG with the attendant fanfare did the second dealer realize that this was not only a serial number 1 example but was the only serial number 1 Black Charter example ever to be recorded. Fortunately for collectors, it is a lovely as well as unique note, with great color, signatures, and eye appeal, fully, in our opinion, meriting its PMG assigned grade of Very Fine 25. PMG has also noted "Minor Splits," which are mentioned only for the sake of total descriptive accuracy, as they are tiny interior splits which are invisible until the note is held to the light.
    We have been privileged to handle many significant National Bank Note rarities in our two decades in the auction business and our four decades as a dealer and collector. This unique note is right up there with the very most important items we have ever offered. Whatever the cost tonight, it is an irreplaceable rarity deserving of a place in any collection of important United States paper money, and it would not surprise us at all if our likely conservative estimate were well exceeded before the hammer falls this evening.

    Auction Info

    Auction Dates
    September, 2008
    17th-21st Wednesday-Sunday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 10,040

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