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Stack’s Bowers and Ponterio   |   The August 2018 ANA Auction   |   23 August 2018 Sort by Lot-NumberSort by Estimate
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Session 4, Lot 2063

Estimate: 2'000 USD   |   Starting price: 1'200 USD Price realized: 5'760 USD
New York
High Grade Chase NB of New York $5

New York, New York. $5 1875. Friedberg 403 (W-700). The Chase NB. Charter #2370. PCGS Currency Very Choice New 64 PPQ.
This crisp First Charter $5 issued by the important Chase National Bank of the City of New York is very Choice with full margins and sharp printing. It displays the vignettes "Columbus in Sight of Land" at left and "America Presented to the Old World" at right. Bold red overprint inks include the scalloped Treasury Seal at right. The bank officers' signatures are neatly penned in striking inks. The Chase National Bank received its federal charter in September of 1877 and issued more than $12.4 million in National Currency before the end of the note issuing era in 1935.

First Charter $5 Nationals

First Charter $5 National Currency notes were produced by the Continental Bank Note Company, a smaller 19th century maker of large currency (with American Bank Note Company and National Bank Note Company being the largest). The firm was founded in 1862 by W.L. Ormsby, an outspoken critic of the American and National firms. When Continental sought Treasury contracts Ormsby's name did not appear on the documents. He earned a $5,000 annual salary as the firm's primary plate engraver.

PCGS Population: 1; none finer.
From Heritage Auctions' sale of September 2006, lot 16942.

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