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Lot 114: $20.00 Series of 1902 Red Seal National Bank Note, Fr-641, Charter #8833

Mitchell Auctions #10 Rare Coins, Currency, and Medals Auction

by Mitchell Auctions

October 29, 2016

Garden City, NY, USA

Live Auction
Sold
  • $20.00 Series of 1902 Red Seal National Bank Note, Fr-641, Charter #8833
  • $20.00 Series of 1902 Red Seal National Bank Note, Fr-641, Charter #8833
Looking for the realized and estimated price?

Description: $20.00 Series of 1902 Red Seal National Bank Note, Fr-641, Charter #8833. The First National Bank of Lindenhurst, NY. SERIAL #1. PCGS VF25 and of the utmost importance for collectors of Long Island National Bank Notes. Solid for the grade, we note some areas of light aging mostly on the reverse. Not only does this note feature a #1 serial number, it is the only known $20.00 Red Seal from this bank, and is pedigreed back to The Collection of a Gentleman sold by Currency Auctions of America in October 1998 at which time it brought $7205. If this VERY RARE note once again goes into strong hands, it may be decades before it reappears. Bid aggressively now, or risk never again having the opportunity to acquire it during our lifetime! Est. $5000.

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