SOLD
1,700.00USDto floor+ buyer's premium
This item SOLD at 2007 Sep 28 @ 06:48UTC-08:00 : PST/AKDT
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<B>Cedar Rapids, IA</B></I> - $5 1875 Fr. 404 <B>The Merchants NB</B></I> Ch. # 2511<BR> Series 1875 $5 notes are not considered an exceptionally scarce Iowa type and denomination, but the Kelly census enumerates well under 100 such notes from all Iowa banks combined, reminding us how truly scarce these early notes are. This specimen is an evenly circulated example which, like all Iowa First Charter notes, bears a state seal on the reverse depicting only a lone eagle which displays no relationship to the official state seal adopted by the Iowa legislature in 1847. No other states' First Charter notes used a seal of this type, and no record exists as to why the Treasury chose this strange seal, which was used on both Iowa's First Charter and early Brown Back issues. <B>Fine.</B></I><BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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