Lot 3718
1902, $50 National Bank Note. Red Seal. Farmers Deposit National Bank, Pittsburgh, PA. RCGS graded Very Fine 20. . Fr-664. . KL-1353. This is not a rare bank overall, as there are more than 100 large size and many more small size notes from here listed in the Kelly census. There is, however, just a single Red Seal known besides this one -- another $50 that is listed as grading "VG-Fine." This example is new to the census, which still numbers less than 100 known examples for the type from the entire country. With Red Seal Nationals in constant demand, especially in the higher $50 and $100 denominations, expect spirited bidding when this note crosses the auction block.
Estimated Value $9,000 - 12,000.
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