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Obsolete Notes & Miscellaneous Items > Ohio

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Cleveland Spencerian National College Bank $500
Grade: PMG XF 40    

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Unnumbered remainder. Unlisted in Schingoethe. In 1848, E.G. Folsom established Folsom's Business College, the predecessor of the Spencerian College, in Cleveland, Ohio. Only two students enrolled in the school's first academic term. Folsom's Business College helped provide Cleveland businesses with qualified employees. Among the college's graduates during the nineteenth century was John D. Rockefeller, Sr. The Cleveland College became known as the Spencerian College, named after Platt Spencer, a former professor at the institution and developer of Spencerian script. A wonderfully margined example with two different colored signatures. The higher denominations get progressively scarcer. This $500 note should surpass the AU with ink $1 note that we sold for $600 in our PCDA sale.

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