#1 RED SEAL MERCHANTS NATIONAL BANK OF WATERTOWN

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National Bank Notes > Wisconsin

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Watertown, Merchants NB, M9003
Fr. 589 $5 1902RS
Grade: Ch. CU    

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This town had two national banks and both issued Red Seals. This bank was chartered in January, 1908, and printed 1,500 sheets each of $5-$5-$5-$5 and $10-$10-$10-$20s, with seven Red Seals reported, three of which are #1 $5s. This is a lovely UNC example. It realized $12,075 when it sold at Heritage in 2005. Wisconsin #1 Red Seals are scarce, with only 10 reported, including the three on this bank. --- Jess Lipka Red Seal Collection --- Jess Lipka Red Seal Collection

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