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 Replies: 23 / Views: 3,682 |
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Bedrock of the Community
United States
94367 Posts |
Bought this recently after searching for some time. It is hardly rare, even in this condition, but the red colors just jump off the paper at you.  |
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Pillar of the Community
United States
4637 Posts |
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Valued Member
United States
113 Posts |
That's a great note! The red does look really nice.
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Rest in Peace
United States
7075 Posts |
That's a stunning note. Enjoy!
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Pillar of the Community
United States
5849 Posts |
Sweet! After reading the title of your post, I was expecting to see something like this:  So this was a very, very pleasant surprise! |
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Bedrock of the Community
 United States
94367 Posts |
Thanks, you guys. It took me quite awhile to find. Pricing would suggest they are worth 3-4X a comparable Blue Seal in this grade, but I found the scarcity even greater. The TPGs give a lot of latitude to large size NBNs because the sheets were typically hand-cut. I found many Red Seal 64s with one margin virtually gone, and many 63s where the trim was actually into the design. What few Red Seal TPG 65s I found often had centering that would never be considered acceptable on a comparably graded federal issue. Blue Seal TPG holders exhibited similar tendencies, but not to such an extent in my experience. Such leniency in grading by the TPGs is probably deserved, since it reflects reality, but it is something to keep in mind if you are searching for an uncirculated large size NBN. |
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Bedrock of the Community
United States
94367 Posts |
Steve -
Thanks so much for doing the research on this, the serial number just before mine. Great example of what I mentioned above. Assuming Heritage was right (most likely), this would probably rate a 64 at the big TPGs despite the bottom front margin. The trimmer's hand yielded essentially perfect front margins on the next cut.
Appreciate the effort.
CF
Edited by Coinfrog
06/17/2016 5:47 pm
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Pillar of the Community
United States
4409 Posts |
CoinFrog the Red Seal nationals were issued for approximately 6 years, 1902 to 1908. The Blue Seals were issued from 1908 until the change to small size.
The Kelly census CD I have lists almost 6,000 of Red Seals versus the nearly 100,000 for the two types of Blue Seals (Date Backs and Plain Backs).
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Bedrock of the Community
United States
94367 Posts |
Thanks MVC. I think the Blue Seal PBs are more common than the DBs, which suggests that the Red Seals could be 10 times or more scarcer than their PB Blue Seal counterparts, but who knows.
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Pillar of the Community
United States
1339 Posts |
That note is awesome! And a $5 to boot, they seeme to be circulated more,harder to get in nice grades..My hometown bank,that I collect, issued some 10/20 red seal sheets, however there is not one that is known, I'm still looking!!!...those look to be stamped signatures, hard to tell from your pics'......One nice,rare note! Keep it safe!!!
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Bedrock of the Community
United States
94367 Posts |
Indeed, NBNs were not hand-signed by this point (1902-1908).
The NBN universe is almost beyond comprehension when it comes to valuation; local interest completely rules except for higher-grade type notes.
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Pillar of the Community
United States
4409 Posts |
Correct the Plainbacks were issued in far greater numbers than the Datebacks. Congrats on your purchase  Yours does look to have stamped signatures. However the statement that all NBN's were not hand signed by this point is incorrect. It really depended on what the bank officers decided to do. Some opted to hand sign notes, others used stamped signature or for large banks where the first two would be impractical, they could have their signatures printed. Here's an earlier Red Seal $5 same bank with "live" signatures http://currency.ha.com/itm/national...tion-071515#-MV Edited by MeadowviewCollector
06/17/2016 7:23 pm
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Bedrock of the Community
United States
94367 Posts |
MVC - you are absolutely correct on this and I apologize for my mis-statement. I have examples myself. Apparently Mssrs. Cook and Brayton finally threw in the towel. Great research on your part.  Edited by Coinfrog
06/18/2016 5:27 pm
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Pillar of the Community
United States
4409 Posts |
No need to apologize.
The two probably thought it a novel idea to personally sign the notes in the beginning. Eventually, they likely realized that hand signing each note was too time consuming and switched to stamped signatures.
-MV
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Bedrock of the Community
United States
94367 Posts |
Interestingly, the Heritage write-ups referenced above by Steve and yourself mention that Brayton was an uncle of the notorious Lizzie Borden.
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Bedrock of the Community
United States
94367 Posts |
Coincidentally, there is another $5 1902 Red Seal on ebay currently but from a different Fall River, MA bank (The Metacomet NB). It's in a PCGS 64PQ holder and worth looking at to see how lenient the graders are on NBNSs when it comes to the margins. ( ebay 121601766631) Edited by Coinfrog
06/19/2016 5:22 pm
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Replies: 23 / Views: 3,682 |
Posted 06/16/2016 6:28 pm
