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1929 $10 Painted Post, NY, The First NB, Serial Number 1

 
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Pillar of the Community
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 Posted 05/15/2018  10:05 am Show Profile   Bookmark this topic Add shotgung to your friends list Get a Link to this Message
Check out this beauty.
Heading to Kilimanjaro June 30th, the first of my 7 Summit attempt
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 Posted 05/15/2018  10:25 am  Show Profile   Check chafemasterj's eBay Listings Bookmark this reply Add chafemasterj to your friends list Get a Link to this Reply
Iíve never seen a number 1 on any bill. Awesome!
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 Posted 05/15/2018  10:30 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Awesome $10 serial #1 Shotgung.

Excellent grade on this Steuben County note that sold (ungraded) some 15 years ago for over $3K.

Paper Money Magazine (SPMC) has an interesting article in the latest edition about George Blake. Seems like George had a voracious appetite for serial #1 notes, and solicited bank officials across the country asking them to sell him their serial #1 sheets. Thereís a good chance George Blake might have once owned this.
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 Posted 05/15/2018  10:35 am  Show Profile   Bookmark this reply Add shotgung to your friends list Get a Link to this Reply
The bill isn't mine and it's still on auction but I don't really have the extra grand to drop on it. Cool bill though. I'll have to check that article out too
Heading to Kilimanjaro June 30th, the first of my 7 Summit attempt
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 Posted 05/15/2018  10:51 am  Show Profile   Bookmark this reply Add HoboNickelCarver to your friends list Get a Link to this Reply
Looks great!
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 Posted 05/15/2018  3:46 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Nice note for sure - according to Kelly, all 6 $10 serial number 1 notes for this bank were saved in CU condition.
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 Posted 05/15/2018  5:31 pm  Show Profile   Bookmark this reply Add shotgung to your friends list Get a Link to this Reply
Wow, so that's one of six huh? Probably go for a bit I'm sure
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 Posted 05/15/2018  7:52 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
Kelly census also lists the number 1 sheet for Series 1929 Type 1 $5's. The #1 type 2 is also known for the $10 denomination.

The A position note was sold by Lyn Knight in 2012 for $2,760

The B position note was sold by Lyn back in 2004 for $2,990. In the description it mentioned the note was graded as Gem CU-65 by CGA

The D position note was sold for $2,760 in 2005 by Lyn Knight

Here is an uncut sheet of Type 1 $10's which was how these were shipped to the national banks https://currency.ha.com/itm/nationa...tion-071515#

I'm slowly building my numismatic library--106 works and counting

With assistance, trying to compile a listing of numismatic reference books & materials available to collectors http://goccf.com/t/174749
Edited by MeadowviewCollector
05/15/2018 8:21 pm
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 Posted 05/15/2018  8:32 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
MV - Thanks for that, very interesting as always. Always surprises me how much #1 notes bring, even when there are multiple prefixes known as here.

Always raises the classic question: Would you rather own a #1 note on a giant bank where there are few if any others known, or would you rather own a #1 note on a tiny bank where there were a half dozen or more known?
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 Posted 05/15/2018  9:07 pm  Show Profile   Bookmark this reply Add shotgung to your friends list Get a Link to this Reply
I don't know coinfrog. Can I own both? I think having one of six in the world from a tiny bank would be more meaningful to me than having one from a larger bank.
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 Posted 05/16/2018  10:24 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
If you insist, OK, you can own both!

To clarify, this is one of six different $10 notes from this bank which all carry the serial number 1 - there are far many more than 6 notes total known for the bank.
Edited by Coinfrog
05/16/2018 12:58 pm
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 Posted 05/16/2018  1:33 pm  Show Profile   Bookmark this reply Add shotgung to your friends list Get a Link to this Reply
Got it coinfrog. I read a bit about that series so there would be:
A000001A
B000001A
C000001A
D000001A
E000001A
F000001A

Is that right?
Then A000002A and so forth?
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 Posted 05/16/2018  6:58 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Correct! The OP's note is a Type 1 note - this system changed with the 1929 Type 2 notes, where the only number 1 note would be A000001 for each denomination.
Edited by Coinfrog
05/16/2018 7:03 pm
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 Posted 05/16/2018  7:53 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply

Quote:
Would you rather own a #1 note on a giant bank where there are few if any others known, or would you rather own a #1 note on a tiny bank where there were a half dozen or more known


Tough question. I'd say leaning heavily toward one from from a tiny bank even if there were more known than on a larger bank. My focus has always been on smaller banks.

-MV
I'm slowly building my numismatic library--106 works and counting

With assistance, trying to compile a listing of numismatic reference books & materials available to collectors http://goccf.com/t/174749
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 Posted 05/16/2018  8:49 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
That makes sense in this particular case - according to Kelly, there are 13 different serial number 1 notes known for all denominations from this picturesque small bank, but that is just shy of half of all notes recorded!
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 Posted 05/17/2018  06:50 am  Show Profile   Bookmark this reply Add shotgung to your friends list Get a Link to this Reply
Coinfrog, can you link the site Kelly, you are referencing please?
Thanks
Heading to Kilimanjaro June 30th, the first of my 7 Summit attempt
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