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- Pittsburgh, PA - $5 1902 Red Seal Fr. 587 The Mellon NB Ch. # (E)6301 PCGS Choice New 63PPQ. A bright and attractive Red Seal from this private name bank which displays the signature of A. W. Mellon as President. Andrew Mellon was a successful banker, businessman and philanthropist who was appointed Secretary of the Treasury in 1921, serving for a decade under Presidents Harding, Coolidge and, Hoover. At President Roosevelt's direction, he was subjected to a grand jury proceeding by the Justice Department (the grand jury declined to indict him despite the best efforts of the Justice Department) along with a subsequent civil proceeding alleging tax fraud (which ended in his complete exoneration, albeit several months after his death). Mellon donated his fabled art collection plus $10 million to cover construction costs to the museum which became the National Gallery of Art in Washington, DC. The double digit serial number is a bonus. Ex: Eric P. Newman Numismatic Education Society. Realized $1,762.50. Newman VI (Heritage Auctions, 4/2015), lot 19946. Description courtesy of Heritage Auctions.
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- Pittsburgh, PA - $5 1902 Red Seal Fr. 587 The Mellon NB Ch. # (E)6301 PCGS Choice New 63PPQ. A bright and attractive Red Seal from this private name bank which displays the signature of A. W. Mellon as President. Andrew Mellon was a successful banker, businessman and philanthropist who was appointed Secretary of the Treasury in 1921, serving for a decade under Presidents Harding, Coolidge and, Hoover. At President Roosevelt's direction, he was subjected to a grand jury proceeding by the Justice Department (the grand jury declined to indict him despite the best efforts of the Justice Department) along with a subsequent civil proceeding alleging tax fraud (which ended in his complete exoneration, albeit several months after his death). Mellon donated his fabled art collection plus $10 million to cover construction costs to the museum which became the National Gallery of Art in Washington, DC. The double digit serial number is a bonus. Ex: Eric P. Newman Numismatic Education Society. Realized $1,762.50. Newman VI (Heritage Auctions, 4/2015), lot 19946. Description courtesy of Heritage Auctions.
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- Pittsburgh, PA - $5 1902 Red Seal Fr. 587 The Mellon NB Ch. # (E)6301 PCGS Choice New 63PPQ. A bright and attractive Red Seal from this private name bank which displays the signature of A. W. Mellon as President. Andrew Mellon was a successful banker, businessman and philanthropist who was appointed Secretary of the Treasury in 1921, serving for a decade under Presidents Harding, Coolidge and, Hoover. At President Roosevelt's direction, he was subjected to a grand jury proceeding by the Justice Department (the grand jury declined to indict him despite the best efforts of the Justice Department) along with a subsequent civil proceeding alleging tax fraud (which ended in his complete exoneration, albeit several months after his death). Mellon donated his fabled art collection plus $10 million to cover construction costs to the museum which became the National Gallery of Art in Washington, DC. The double digit serial number is a bonus. Ex: Eric P. Newman Numismatic Education Society. Realized $1,762.50. Newman VI (Heritage Auctions, 4/2015), lot 19946. Description courtesy of Heritage Auctions.
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- Philadelphia, PA - $5 1902 Plain Back Fr. 598 The Bank of North America Ch. # (E)602 PCGS Very Fine 20. A much sought-after note from one of the oldest banks in America, organized and chartered in 1781 by the Continental Congress. The Bank (as it was referred to at the time, due to its chartered status) issued demand notes in 1782; these were the first Obsolete notes. It continued to issue notes in several series until 1864. Because it was late with paperwork needed to apply for the National Bank charter, it was not charter number 1. That honor went to the First National Bank of Philadelphia. The Act of June 3, 1864 mandated that the word "National" must appear in the title of any bank applying for a national charter. A special Act approved by Congress relieved this bank alone from that requirement. It remains the only so exempted. Ex: Eric P. Newman Numismatic Education Society. Realized $646.25. Newman VI (Heritage Auctions, 4/2015), lot 19945. Description courtesy of Heritage Auctions.
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- Philadelphia, PA - $5 1902 Plain Back Fr. 598 The Bank of North America Ch. # (E)602 PCGS Very Fine 20. A much sought-after note from one of the oldest banks in America, organized and chartered in 1781 by the Continental Congress. The Bank (as it was referred to at the time, due to its chartered status) issued demand notes in 1782; these were the first Obsolete notes. It continued to issue notes in several series until 1864. Because it was late with paperwork needed to apply for the National Bank charter, it was not charter number 1. That honor went to the First National Bank of Philadelphia. The Act of June 3, 1864 mandated that the word "National" must appear in the title of any bank applying for a national charter. A special Act approved by Congress relieved this bank alone from that requirement. It remains the only so exempted. Ex: Eric P. Newman Numismatic Education Society. Realized $646.25. Newman VI (Heritage Auctions, 4/2015), lot 19945. Description courtesy of Heritage Auctions.
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- Philadelphia, PA - $5 1902 Plain Back Fr. 598 The Bank of North America Ch. # (E)602 PCGS Very Fine 20. A much sought-after note from one of the oldest banks in America, organized and chartered in 1781 by the Continental Congress. The Bank (as it was referred to at the time, due to its chartered status) issued demand notes in 1782; these were the first Obsolete notes. It continued to issue notes in several series until 1864. Because it was late with paperwork needed to apply for the National Bank charter, it was not charter number 1. That honor went to the First National Bank of Philadelphia. The Act of June 3, 1864 mandated that the word "National" must appear in the title of any bank applying for a national charter. A special Act approved by Congress relieved this bank alone from that requirement. It remains the only so exempted. Ex: Eric P. Newman Numismatic Education Society. Realized $646.25. Newman VI (Heritage Auctions, 4/2015), lot 19945. Description courtesy of Heritage Auctions.
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- Philadelphia, PA - $5 1902 Plain Back Fr. 598 The Bank of North America Ch. # (E)602 PCGS Very Fine 20. A much sought-after note from one of the oldest banks in America, organized and chartered in 1781 by the Continental Congress. The Bank (as it was referred to at the time, due to its chartered status) issued demand notes in 1782; these were the first Obsolete notes. It continued to issue notes in several series until 1864. Because it was late with paperwork needed to apply for the National Bank charter, it was not charter number 1. That honor went to the First National Bank of Philadelphia. The Act of June 3, 1864 mandated that the word "National" must appear in the title of any bank applying for a national charter. A special Act approved by Congress relieved this bank alone from that requirement. It remains the only so exempted. Ex: Eric P. Newman Numismatic Education Society. Realized $646.25. Newman VI (Heritage Auctions, 4/2015), lot 19945. Description courtesy of Heritage Auctions.
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- Philadelphia, PA - $10 Original Fr. 409a The Second NB Ch. # 213 PCGS Very Fine 25. A nice, evenly circulated example of a very scarce and underrated type. The current National Bank Note Census shows 414 Original Series $10 notes against 1,044 Series 1875 $10s from all states and Territories combined, but those numbers are deceptive, as the total of Original Series examples includes more than 100 National Gold Bank notes. Deduct that number from the 414 pieces listed and the new total is 311, indicating an even greater disparity with the far more common Series 1875 examples. While the Friedberg catalogue recognizes a small difference in value between the two types, the Green Sheet continues to value the two types at virtually equal levels, and assigns a higher valuation to Series 1875 $10s in Gem 65 grade (which exist in fairly considerable quantity) than to Original Series $10s (which are almost impossible to obtain in any Uncirculated grade, let alone Gem 65). Ex: Eric P. Newman Numismatic Education Society. Realized $3,760.00. Newman VI (Heritage Auctions, 4/2015), lot 19944. Description courtesy of Heritage Auctions.
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- Philadelphia, PA - $10 Original Fr. 409a The Second NB Ch. # 213 PCGS Very Fine 25. A nice, evenly circulated example of a very scarce and underrated type. The current National Bank Note Census shows 414 Original Series $10 notes against 1,044 Series 1875 $10s from all states and Territories combined, but those numbers are deceptive, as the total of Original Series examples includes more than 100 National Gold Bank notes. Deduct that number from the 414 pieces listed and the new total is 311, indicating an even greater disparity with the far more common Series 1875 examples. While the Friedberg catalogue recognizes a small difference in value between the two types, the Green Sheet continues to value the two types at virtually equal levels, and assigns a higher valuation to Series 1875 $10s in Gem 65 grade (which exist in fairly considerable quantity) than to Original Series $10s (which are almost impossible to obtain in any Uncirculated grade, let alone Gem 65). Ex: Eric P. Newman Numismatic Education Society. Realized $3,760.00. Newman VI (Heritage Auctions, 4/2015), lot 19944. Description courtesy of Heritage Auctions.
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- Philadelphia, PA - $10 Original Fr. 409a The Second NB Ch. # 213 PCGS Very Fine 25. A nice, evenly circulated example of a very scarce and underrated type. The current National Bank Note Census shows 414 Original Series $10 notes against 1,044 Series 1875 $10s from all states and Territories combined, but those numbers are deceptive, as the total of Original Series examples includes more than 100 National Gold Bank notes. Deduct that number from the 414 pieces listed and the new total is 311, indicating an even greater disparity with the far more common Series 1875 examples. While the Friedberg catalogue recognizes a small difference in value between the two types, the Green Sheet continues to value the two types at virtually equal levels, and assigns a higher valuation to Series 1875 $10s in Gem 65 grade (which exist in fairly considerable quantity) than to Original Series $10s (which are almost impossible to obtain in any Uncirculated grade, let alone Gem 65). Ex: Eric P. Newman Numismatic Education Society. Realized $3,760.00. Newman VI (Heritage Auctions, 4/2015), lot 19944. Description courtesy of Heritage Auctions.