Columbia, SC - Ch. 6871 - $5 1902 Red Seal

Red seals from South Carolina have for many years been some of the most closely guarded rarities in the world of national banknotes. Since 1997, only two have sold at auction. A VF from a common Greenville bank sold for $86,250 in 2002. And a fine from an even more common Charleston bank sold for $15,250 at the 2013 ANA auction. The note we are offering just surfaced in eastern North Carolina and has made its way to our auction. It is on the lower end of the VF spectrum. It has light pen signatures of Gilbert Milo Berry and Edwin Wales Robertson. GM Berry would later break from The National Loan & Exchange Bank to open and become the president of The Columbia National Bank. EW Robertson left the bank in 1926 and passed control to his son, TJ Robertson, who became the bank's second president. By title, the story of The National Loan & Exchange Bank of Columbia begins in 1886 when it opened as a state bank in South Carolina

Date Sold: 10/25/14

Realized Price: $17550