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    Description

    One of Two Known

    Tazewell, TN - $10 1902 Plain Back Fr. 624 The Claiborne NB Ch. # (S)7740
    This is the second note reported from this obscure east Tennessee location, with this institution the sole bank to issue in this rural county. We sold the discovery example from Tazewell eight years ago, commenting "This is a fantastic new discovery from one of Tennessee's fewer than ten unreported towns, with this small bank Tazewell's only issuer of National Bank Notes. Lasting only fourteen years before liquidating in 1919, it issued a miniscule number of Red Seals, a few more Date Backs, and a small number of Plain Backs before disappearing forever. In a state which historically has had more active collectors than most, this is both a charter and a town which has escaped detection until this example walked into an Iowa dealer's shop earlier this year. Luckily for collectors, it is a more than acceptable specimen with no flaws save for honest circulation. The pen signature of the Cashier is clear, the red signature of the President a bit blurred. Like any unique item, any estimate here is simply a rough guess, but if rarity and desirability are any guide, expect a realization for this Fine example somewhere in the vicinity of $17,500-$32,500." That note proceeded to realize $43,125. This piece displays a few more flaws, with PMG noting splits and paper pulls, but with the other example impounded in a major Tennessee holding, tonight's offering may afford collectors from the Volunteer State their only hope of obtaining a note from this single bank community for many years. Very Good 10 Net.


    Auction Info

    Auction Dates
    September, 2016
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 335

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