Based on the lot description by Q. David
Bowers, Chairman Emeritus
Stack’s Bowers Galleries is proud
to present The Watermelon Collection Part II in our Official Auction of the
Whitman Coin and Collectibles Baltimore Expo. The sale will be held at the
Baltimore Convention Center from November 5th through the 9th. Highlighting
this collection is a $5 Original National Bank note from the First National
Bank of Cadiz, Ohio, Charter #100. This example of Friedberg 394 has Serial
number 1 and is graded by PCGS Very Good 10. Apparent. Minor Edge Splits; Tape
Repairs on Back.
The Cadiz, Ohio Bank was
chartered in October 1863 with a capital of $120,000 against a limit of
$250,000. The first president was Joseph S. Thomas and the first cashier was
James M. Watson. The institution changed its title to the Union National Bank
and Trust Company on January 12, 1931, having by that time assumed the
businesses of three other National Banks.
The note is pedigreed to lot 4071
in Barney Bluestone’s 1946 sale of the Albert A. Grinnell Collection. Bluestone,
a Syracuse, New York dealer, sold the Grinnell Collection in multiple sections
in what was considered to be the greatest sale of currency ever. Grinnell was
the principal in Grinnell Brothers, a large musical retailer and wholesaler in
Michigan with stores throughout the state, mainly in Detroit. The business
prospered until the Depression, at which time he found himself in reduced
circumstances.
You can view this exciting lot
and the rest of the auction on our website in mid-October. To request a catalog
please call our auction services department at 800-458-4646.
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