Lot 1272
1902, $5 National Bank Note. The First NB of Brawley, CA. Ch. #9673. VG-Fine. Fr-601. KL-1158. This Imperial County town was little more than a "tent city" of 100 inhabitants in 1908, and had reached a population of just 881 people by the 1910 census--the same year that this bank opened and began issuing National Bank Notes. The bank closed in 1922, and most notes that it issued disappeared through redemption. Just four surviving examples are confirmed, including this note which is new to the census. The other three pieces account for the half-dozen auction or fixed price list appearances that have been recorded over the past six decades. The last example to sell was nearly five years ago, and it brought $5,750 in a much weaker market for Nationals. This piece, which is well circulated like all other notes known from here, should easily exceed that amount today.
Estimated Value $6,000 - 8,000.
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| Realized $6,463 |
