First NB of Telluride, CO

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National Bank Notes > Colorado

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Telluride, First NB, W4417
Fr. 484 $10 1882BB
Grade: VF    

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The First National Bank of Telluride was chartered in 1890 and was the only national bank in town, as well as in San Miguel County. However, that monopoly did not prevent the bank's liquidation in 1924, after issuing Brown Backs, 1882 Date Backs and 1902 Blue Seals. This is one of the earliest notes printed by the bank and is a good looking specimen. In the interest of full disclosure, the folds are heavy and the bottom margin is rough at the center, but the overall appearance is not greatly affected. The nice pen signatures help a lot. The 11 reported notes are avidly collected, as indicated by the extremely strong auction results for recent specimens. A $10 1902 Date Back in VF brought nearly $20,000 last September, and a $5 Brownback in XF hammered at $45,000 at the 2006 Memphis sale. A rare opportunity to obtain a note that approaches the caliber of these notes, but at a lesser price.

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