Sheik's Nationals
Fr. 637

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Note Details

  

Set Details
Note Description: $10 1902 Plain Back
Grade: 66 EPQ
Country: United States
Note Number: 637
Seal Type: Blue
Signatures/
Vignettes: 		Woods
Tate
Certification #: 1198422-003
Owner: Sheik Sheck
Set Category: Nationals
Set Name: Sheik's Nationals
Slot Name: Fr. 637
Research: See PMG's Census Report for this Note

Owner's Description

Low serial number 11 is found on this beauty. It has the better Woods-Tate Treasury signature combo. The April 2019 issue of Bank Note Reporter recently had an excellent description of the Woods-Tate signature combination. Only nine banks were issued the plates since this combination of Register and Treasurer lasted only 7 months. For this Charter, only 754 sheets of 3-$10 and 1-$20 were printed. That means only 3,016 notes in total. Thus, only 2,262 $10 notes were printed from this Charter with the Woods-Tate. Peter Huntoon reported that only 185,388 Woods-Tate large National Bank Notes were spread over nine banks, this being one of the banks. Since only $5, $10 & $20 notes were printed with this signature combination a quick check of the PMG population report shows that the $5 Fr # is 611 (15 graded), the $10 Fr # is 637 (8 graded) and the $20 Fr # is 663 (3 graded). This, this note is the highest graded Woods-Tate signature combination in PMG's census. Wow. I still feel lucky to have picked up, at a very reasonable price, perhaps one of the highest graded notes for this rare signature combination. Notice the date on this 1902 series is August 17, 1928. That was the date for the organization of the bank. The Dunbar was founded by the Rockefeller family to provide banking services to the residents of Harlem. It was only one of two banks managed by African-Americans in the National Banknote era. Over 14,000+ charters and only TWO with African American managers. Astounding. American history and segregation that was built into the system, although tainted, is constantly trying to right the ship. PMG has graded only 8 notes of this Friedberg # and this is the only 66 EPQ with none higher! Top POP!!!

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