Salem, New Jersey. $20 1902 Red Seal. Fr. 641. City NB. Charter #3922.

Salem, New Jersey. $20 1902 Red Seal. Fr. 641. City NB. Charter #3922. PMG Very Fine 30. A noted rarity for the issuing bank which bears an engraved plate date that dates to mere weeks before the Aldrich-Vreeland legislation was passed in 1908. This Series of 1902 Red Seal $20 is nonetheless unique for the type when it comes to the City National Bank of Salem (Charter# 3922) which had organized 20 years prior in 1888. Now this particular example is rather attractive for the grade assigned even with noted issues. The coloration of the red-blue Treasury overprint is particularly bold while signatures attributable to Cashier Biddle Hiles and President William Thomas Hilliard (Sr.) remain distinct and original despite roughly 120 years since application making this a veritable trophy that should appeal to a wider group of collectors. PMG comments "Minor Repairs & Rust." Estimate: $2,000 - $3,000. Click here for certification details from PMG.

Estimate:£897.03

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