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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 2064

Estimate: 10'000 USD   |   Starting price: 6'000 USD Price realized: 12'000 USD
Fabulous Pennsylvania Series of 1875 $10

Sellersville, Pennsylvania. $10 1875. Friedberg 420 (W-1338). The Sellersville NB. Charter #2667. PCGS Currency Gem New 65 PPQ.
Offered is a remarkably well preserved Series of 1875 $10 from this Bucks County bank that features the low serial number 4. This note is Gem in every way from the broad margins framing the design to the beautifully original paper surfaces and vivid inks. Bold hand signed bank officers' signatures are also of note. The vignette on the left side of the face is "Franklin and Electricity" portraying the founding father's famous kite flying experiment. To the right is "America Seizing Electricity" and represents the electrical revolution sweeping the country at the time. The back features a beautifully ornate scene at center, "DeSoto Discovering the Mississippi," as painted by W.H. Powell and later engraved by Frederick Girsch.About the Bank

The Sellersville National Bank was chartered in 1882. It was a rather small institution, with paid-in capital of $75,000 per a report of September 25, 1891, at which time Charles N. Cressman was president and Charles R. Althouse was cashier. A report of September 12, 1914, gave the same capital. C.D. Fretz was president and W.F. Day cashier. At this time $74,890 of the bank's notes were in circulation. A report of July 1935 noted by that time $184,460 in large-size bills (as here) had been issued and $38,868 in small-size notes. Only $3,920 in large-size bills remained outstanding.

PCGS Population: 1; none finer.
From Stack's sale of November 2007, lot 3315.

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