Lot 938
1902, Plain Back $10 National Bank Note. The First NB, South Pasadena, CA, Ch#8544. Very Fine-Extremely Fine. Fr-626. KL-1230. This incredible and unique "discovery" note is the first to appear on the market from this Los Angeles-area bank. While the bank seems to have issued plenty of notes, a total of $264, 650 in face value from 1907 until its close in 1922, collectors have never yet had an opportunity to obtain one. It is a bright, crisp example with several folds that define the grade, and it's fully original with fantastic pen signatures. Estimating this rarity is difficult, since only one bidder can be successful and there are likely to be many collectors who will compete for this prize, but if recent history is any guide we could see our estimate far surpassed before the hammer falls.
Estimated Value $40,000 - 50,000.
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| Realized $34,075 |
