2052

Idaho Springs, Colorado. $20 1902 Red Seal. Fr. 639. First NB. Charter 2962. Very Good.

Currency:USD Category:Coins & Paper Money Start Price:1,500.00 USD Estimated At:3,000.00 - 6,000.00 USD
Idaho Springs, Colorado.  $20 1902 Red Seal. Fr. 639. First NB. Charter 2962. Very Good.
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This item SOLD at 2020 Feb 28 @ 18:37UTC-5 : EST/CDT
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Idaho Springs, Colorado. $20 1902 Red Seal. Fr. 639. First NB. Charter 2962. Very Good.

Founded in 1859, Idaho Springs is the site where George Jackson discovered gold at the confluence of the Chicago and Vasquez creeks, thus leading to the first Colorado Gold Rush. The town boomed throughout the 1860’s, reaching a population of over 12,000 people, however it was 1883 before this bank would charter to become the First National. The bank only issued Brown Backs and all three 1902 types before being placed into receivership in 1931, having issued just over $675,000 during its lifetime. Out of an original issue of 1,000 sheets of $10-$10-$10-$20 Red Seals, this is one of only two Red Seals recorded today, the other example a Ten. This note has mining town circulation, simply well used with edge roughness and some rust noted on back. Cashier F.E. Augave’s signature is still legible at left, while President William L. Bush’s signature has just about faded into obscurity.

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