Lot 4865
1882, $20 National Bank Note. . Fr-501. . KL-1266. The Exchange NB of Tampa, Florida. F-501. PCGS Very Good 8. Only 3 Brown Backs are known on this bank and this is the only $20 reported. Minor roughness at top and bottom margins and along lower left margin; numerous pinholes (acceptable for a note in Very Good), with nice margins and clear Sepia signatures.
Not that paper money specialists need to know this, but Sepia is a red-brown ink made from the ink sacs of cuttlefish, which are dried and ground to a fine powder, then mixed with shellac. (The ink takes is name from the cuttlefish species Sepia Officinalis.) This ink came into use in the eighteenth century and was quite popular in the nineteenth century as it appears on many of the hand-signed National Bank Notes of the period as well as documents and letters of every description. (The term sepia now also applies to any red-brown color similar to the color of sepia ink.).
Estimated Value $5,000 - 6,000.
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| Realized $8,050 |
