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National Bank Notes > Minnesota

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Pelican Rapids, First NB, M6349
Fr. 650 $20 1902ND
Grade: VF    

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A rare large-only bank in Otter Tail County. Five notes are known, but like with all the great named Nationals, transactions rarely occur. Track & Price lists only a single offering of a note from this town. That happened in February 1998 when we auctioned this very note. It brought $3,190 then, and I would expect that price to be eclipsed now. Oh, did I mention this is tied with one other note for the finest known example on the bank?

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