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National Bank Notes > New York

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Friendship, First NB, 265
Fr. 401 $5 1875
Grade: Good/VG    

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Despite this bank's moderate size and long years of service, examples remain elusive, as do opportunities to acquire a note. Slight errors in both the Kelley and Track & Price census present some ambiguity, but it appears there are only five notes extant from this institution. This apparently is the only 1875 Series note, and although it looks very presentable, there are major repairs on both left and right margins in addition to substantial reinforcement of the horizontal fold. However, since nothing on this bank has been available since 2006, the prudent course would be to buy this note and worry about upgrading later if you ever get the chance.

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