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National Bank Notes > Nevada

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Reno, NB, P8424
Fr. 682 $50 1902ND
Grade: Fine    

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This $50 Nevada is new to the Track & Price census and it's the seventeenth $50 known on this charter; most any other $50s known are on Winnemucca. There are just over 100 large notes reported on this Washoe County bank and Reno was the big early Nevada city. I assume the high denominations were needed for the miners or assayers in the area but it seems that gambling was also an early need for cash. This was the first note that Zollie Kelman paid a premium for at $65, $15 over face value, around 1952 at the Jewelry Exchange, likely in the Twin Cities. Somewhat rounded corners but excellent black signatures. There is some edge wear as well.

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