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National Bank Notes > Iowa

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Burlington, Merchants NB, 1744
Fr. 389 $2 Original
Grade: VF +    

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I first saw this note at Stack's in 1970 and I was told it was part of their private collection. There it remained for decades until John Whitney convinced them to let him have it. We sold it in 2004 and now it's time for another lucky collector to get an opportunity for ownership. There are just under 30 #1 $2s in the country, and I know there is a Monticello in the Higgins Museum but doubt it will be going anywhere. Iowa Deuces have always been elusive and I am not sure I have seen a higher grade, although one probably exists. This bank was chartered on Nov. 7, 1870, with a capital of $100,000. The note was undoubtedly saved by Theo. W. Barhydt, President, and was also signed by Cashier Edward McKitterick. This is the only First Charter known to exist on this bank.

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