Description

    Altered Note from Vernon, TX?

    Norwalk, OH- The Bank of Norwalk Altered $10 July 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 weren't 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 on 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 were from. 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.
    From The Wendell Wolka Collection


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    October, 2014
    21st-28th Tuesday-Tuesday
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