National City, CA - $10 1902 Date Back Fr. 618 The Peoples NB Ch. # (P)9512. ... National Bank Notes: California

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Lot: 13196
Auction: 3502

National City, CA - $10 1902 Date Back Fr. 618 The Peoples NB Ch. # (P)9512. ...

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Sold for:	Sign-in or Join (free & quick) (includes BP) Bid Source: Live: Floor
Ended:	Sep 17, 2008
	Printable Version of Prices Realized for this Auction

Buyer's Premium:	15% of the successful bid (minimum $9.00 per lot)
Auction Name:	*2008 September Long Beach, CA CAA Signature Auction #3502*
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Item Activity:	3 Internet/mail bidders, 791 page views

Description

National City, CA - $10 1902 Date Back Fr. 618 The Peoples NB Ch. # (P)9512
A fantastic new discovery from San Diego County, probably the most avidly collected county in California at present. This short lived institution issued only Third Charter Date Backs and Plain Backs before entering receivership in 1921. Prior to the emergence of this note, the census from here consisted of a single very well circulated example that we sold back in 1999 as part of Charley Colver's magnificent California collection along with one other note which has never been reported and allegedly is in the hands of a San Diego area collector. Charley had obtained his note back in the 1960's, and, despite forty years of effort, it was the sole note he ever was able to obtain from this location. Estimated at $3500-6500, it sold for $17,600. After one reappearance the following year, that piece has now disappeared into a major California collection and is unlikely to be seen by the present generation of collectors. This new to the market piece comes from the family of one of the bank's officers. It is the serial number 1 note from the "A" position, truly the first note issued from this bank, and a piece which was clearly kept by the family from the time the note arrived at the bank until earlier this year. Over the years it has received its share of storage folds, compelling our grade of Very Fine, but this example is still light years higher grade than the one other note that has ever been available from this excessively rare community. Any estimate here is but a mere conjecture, but we expect this classic California rarity to certainly reach and perhaps well exceed... Estimate: $60,000 - $80,000.

Previous Prices from Heritage Auctions
Lot	Date	Realized
Auction 3500, Lot 13478	Saturday, April 19, 2008	$920.00
Auction 456, Lot 14738	Saturday, January 12, 2008	$776.25
Auction 456, Lot 14823	Saturday, January 12, 2008	$2,760.00
Auction 456, Lot 14818	Saturday, January 12, 2008	$34,500.00
Auction 37104, Lot 21491	Tuesday, October 23, 2007	$207.00
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