#1 East Palestine Red Seal

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National Bank Notes > Ohio

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East Palestine, First NB, M6593
Fr. 639 $20 1902RS #1
Grade: VF +    

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This was the town's only large size issuer and there was a small issuer as well. The bank was chartered in 1902 and issued just 1,540 sheets of $10-10-10-20s. There are four Red Seals reported, with two being #1s. Apparently both a $10 and $20 were saved. This note was the bottom of the sheet and has the selvage still attached. This came privately from D. Kelly in 2005 at $8,500. Excellent pen signatures of W.C. Wallace, President and D.W. McCloskey, Cashier. --- Jess Lipka Red Seal Collection --- Jess Lipka Red Seal Collection

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