#1 1902RS Dickinson
National Bank Notes > North Dakota
Dickinson, Merchants NB, W8201
Fr. 588 $5 1902RS #1
Grade:
PMG AU 55
This bank was chartered in May 1906. The note is from the #1 Red Seal sheet, 'D' position, and the quality is beautiful. It's also the only #1 Red Seal known. Wonderful quality pen signatures of John F. Davis, President and John Lewis Hughes, Cashier on this note with barely a corner tip fold. The note can be traced to the celebrated collection of Albert A. Grinnell, through William A. Philpott, to Dr. Brick and then here. John F. Davis, one of Dickinson's earliest settlers, was born in 1859. He hunted buffalo, homesteaded, engaged in the lumber business, both here and at Billings, Mont., in 1885, and he organized several banks, as well as the Dickinson Building and Loan Association. Dickinson is the county seat of Stark County in the Heart River valley. The population was 17,787 at the 2010 census. This site was named Pleasant Valley Siding in 1880, but was renamed in 1881 for Wells Stoughton Dickinson (1828-1892), a land agent and politician from Malone, New York, who had visited here 1880. (His brother, Horace L. Dickinson, lived onsite to oversee its development.) The post office was established October 6, 1881 with F. H. Longley as Postmaster. It became the county seat in 1883, incorporated as a village in 1899, and became a city in 1900. Dickinson is centrally located in southwestern North Dakota, the midpoint between Fargo, North Dakota and Billings, Montana. Due to this strategic location, and the resulting regional social and economic influence, it was known for decades by the nickname Queen City of the Prairies. Reference to this nickname was used as early as 1906.
Current Bid:
$ 12,000.00
Estimate:
($ 15,000.00 - $ 30,000.00)