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    Description

    Barnwell, SC - $5 1902 Plain Back Fr. 606 The First NB Ch. # (S)11287
    A rare note from this obscure South Carolina bank whose total surviving population stands at a meager five pieces. The Barnwell bank was organized in the aftermath of the "Cotton Boom" during World War I when cotton prices soared and South Carolina's farmers had plenty of money in their pockets. However, after the war, the price of cotton collapsed and so did many of the small rural banks. The First National in Barnwell would be closed by the receiver in 1924 after just five years of operation... and no banking facilities have been located there since. Tonight's offering is easily the finest of the five known specimens and features bright paper, excellent color, and traces of original embossing. In 2014, a PCGS Fine 15PPQ example realized $3,737 at auction. This pleasing PCGS Very Fine 25 note should do at least as well.


    Auction Info

    Auction Dates
    January, 2018
    3rd-9th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 150

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