Scarce $5 First Charter Note

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National Bank Notes > New York

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Carthage, First NB, 2442
Fr. 404 $5 1875
Grade: PCGS VG 10    

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A scarce upstate New York town which issued only First Charter Fives before entering receivership in 1898. By the early 20th century, there was only $670 outstanding on the bank. Roughly a dozen known now with this well-signed piece earning a VG/Fine designation from the grading gods. A challenging note however you slice it and one that should be avidly sought after to be brought home by one of this state's many collectors (elephants not included).

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