August 2024 Global Showcase Auction – 12 - 23 August 2024
Ancient and World Coins and Currency
Part B: Mo, 12.08.2024, from 6:00 PM CEST
Part C: Mo, 12.08.2024, from 10:00 PM CEST
Part 1: Tu, 13.08.2024, from 1:00 AM CEST
Part 2: Tu, 13.08.2024, from 6:00 PM CEST
Part 3: Tu, 13.08.2024, from 10:00 PM CEST
Part D: We, 14.08.2024, from 6:00 PM CEST
Part 4: We, 14.08.2024, from 9:00 PM CEST
Part 5: Th, 15.08.2024, from 5:00 PM CEST
Part E: Fr, 16.08.2024, from 5:00 PM CEST
Part 6: Fr, 16.08.2024, from 9:00 PM CEST
Part 7: Sa, 17.08.2024, from 5:00 PM CEST
Part F: Sa, 17.08.2024, from 6:00 PM CEST
Part 8: Mo, 19.08.2024, from 7:00 PM CEST
Part G: Tu, 20.08.2024, from 6:00 PM CEST
Part 9: Tu, 20.08.2024, from 7:00 PM CEST
Part H: Tu, 20.08.2024, from 8:00 PM CEST
Part 10: We, 21.08.2024, from 6:00 PM CEST
Part I: We, 21.08.2024, from 6:00 PM CEST
Part 11: Th, 22.08.2024, from 6:00 PM CEST
Part J: Th, 22.08.2024, from 6:00 PM CEST
Part K: Fr, 23.08.2024, from 6:00 PM CEST
Part 12: Fr, 23.08.2024, from 6:00 PM CEST
Description
Fresh From the Proverbial Weeds!
Unique for the Issuing Charter
Walters, Oklahoma. $5 1902 Plain Back. Fr. 600. First NB. Charter #6612. PMG Fine 12.
An unassuming note that at first glance resembles the millions of $5 Plain Backs issued across the United States, this note is instead something truly special that only emerged from the proverbial weeds quite recently. This small charter which was first organized in 1903 would serve Cotton County through 1925 when this bank fell into receivership likely as a result of the collapse of farm commodity prices following the First World War which claimed scores of rural banks in agrarian localities like Walters. Even though one would expect that more notes should have surfaced in light of the fact that the First National Bank kept a substantial circulation of $25,000.00 from 1906 through 1924.The fact that only a single note has surfaced speaks to the thoroughness of the redemption process in some localities where notes should theoretically exist, but are simply unknown today. From this it stands to reason that another discovery from this institution is improbable as it took this long for this survivor to emerge from the proverbial weeds.
Estimate: $7000.00- $9000.00
Question about this lot?
Bidding
| Price realized | 5'250 USD |
| Starting price | 4'200 USD |
