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National Bank Notes > Virginia

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Newport News, Schmelz NB, S11028
Fr. 658 $20 1902ND
Grade: PCGS Fine 15    

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H.L. and George A. Schmelz opened the Schmelz Brothers Bank in Newport News in 1891 and it was granted a federal charter in 1917. A scarce private name bank that has only three $20 Plain Backs in the census, with this new addition entering at the top of the list. Evenly circulated and without even a rumor of a problem.

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