Important $20 First Charter

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National Bank Notes > Michigan

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Detroit, American NB, 1542
Fr. 431 $20 1875
Grade: VF/XF    

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This is a very rare, early Detroit bank that has just four notes reported and this one is by far the best. While not as nice as its census grade of AU, it has beautiful blue-end paper, pen signatures and is very well-centered. I know of no records separating blue-end paper from the others, but there should be, as it affects the appearance dramatically. There are 450 notes reported for this type. Of those, 203 are listed as VF or better. None of the "hoard" notes have blue paper, which includes 35 of the best grades listed.

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