East Saint Louis, IL - $50 1902 Plain Back Fr. 683 The First NB Ch. # 11596 PCGS Extremely Fine 40. Southern Illinois Nationals were eagerly pursued in the Newman Part VI sale in April 2015. This East St. Louis bank issued only $50s and $100s, in both large and small size, before closing in 1934, and this Newman Collection note is an attractive, high-denomination example. John Sherman, who served as Secretary of the Treasury and Secretary of State, is featured on the left face. G.F.C. Smillie's engraving of Mechanics and Navigation, after the design by Ostrander Smith, is on the back. Only light wear is found on this bright, well-inked $50 that retains dark printed signatures. This is a beautiful example and superior to the $50 we sold in January 2016 for $1,057.50 (PMG Very Fine 25 staining). Ex: Eric P. Newman Numismatic Education Society\n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28294, realized $2160. Image and description courtesy of Heritage Auctions, https://ha.com.
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