Description

    Norwalk, OH- Bank of Norwalk Altered $10 Jul. 1, 1847 A10 Wolka 2005-34
    The Bank of Norwalk was organized in 1833 and remained in business until it suspended in early 1849 due to the poor quality of its loan portfolio. As if this were not bad enough, some enterprising person was busily turning out altered notes. According to sources as far back as the 1840s, notes like this were altered from the Bank of Vernon, TX. Your cataloger has come to the conclusion that this information is incorrect. Texas collectors have never seen notes from a Bank of Vernon, and the town did not exist yet in the 1840s. There is no argument that these notes are altered. The question remains, however, as to where the source notes originated. This example grades Very Good with the normal batch of minor edge problems consistent with this grade. There is one small body hole that has been subtly patched. This is the first time we have offered this alteration.


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    Auction Dates
    September, 2015
    16th-22nd Wednesday-Tuesday
    Internet/Mail Bids: 4
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