The Midwest Summer Sale 2007
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Please Note: A 15% Buyers' Premium is added to the hammer price of all lots in this sale.
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(About The Images)
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Lot Title:
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1902 $10.00. Tombstone, AZ Charter# 6439 Blue Seal. XF.
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Description:
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The First National Bank of Tombstone, Arizona. Remarkable though it may seem, the present note is the second consigned to us by Mr. Costello, grandson of one Mary M. Costello, whose signature appears on the note itself. Further enhancing the mystique of this extraordinary piece is, of course, the town name, steeped as it is in American Western lore, for it was here that the Gunfight at the O.K Corral took place, and here is where one will find perhaps the most famous graveyard in all the Old West - Boot Hill. Our note is an unprocessed and Choice XF example that has never been owned outside the Costello estate. It displays bright, white paper, superb signatures, excellent crispness, and exquisite color. It is new to the census, and likely tied with the other Tombstone national in this same sale for the second highest grade known. The cashier's line is signed by J.P. Connolly, who was with the bank until 1925. Mr. Connolly was hired by Costello to help her rebuild the bank's reputation shortly after she purchased it, and their efforts helped resurrect it from the scandal and corruption previously surrounding it. Despite the extraordinary presence of not one, but two, Nationals from this famous bank in this auction, do not be deceived! This note is rare -- and the demand for fresh material -- especially of such extraordinary historic significance and provenance -- is insatiable. Acquisition of this sublime note would be the apogee of collecting endeavor, and I tip my hat to the bidder willing to test his the limits to achieve that accomplishment.
This lot may contain an item not certified by ANACS, PCGS, or NGC. While Scotsman Auction Co. is typically conservative in our descriptions of items not certified by one of these companies, we cannot guarantee our grading estimation will match their grade. We highly recommend that collectors seeking items certified by a third-party grading service only bid on items that have already been certified. No lot can be returned because of a variance in judgment with regards to grade.
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Low Estimate:
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$70,000.00 |
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High Estimate:
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$90,000.00 |
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Lot Status:
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Bidding has been closed for this lot. |
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Hammered Price: |
$69,750.00
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Price Realized:
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Price history for items of the same classification:
| Lot # | Auction | Current Bid or Hammer Price | Description |
| 3 | The Midwest Summer Sale 2010 on 07/23/2010 | $45,750.00 |
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1902 $10.00. Tombstone, AZ Charter# 6439 Blue Seal. XF.
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(ex-Scotsman 7/27/2007: 2) The First National Bank of Tombstone, Arizona. As described by previous auction appearance: Signed by Mary M. Costello herself, this note is likely tied for the second... |
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| 6 | The Midwest Winter Sale 2009 on 02/13/2009 | $50,000.00 |
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1902 $10.00. Tombstone, AZ Charter# 6439 Blue Seal. XF.
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The First National Bank of Tombstone, Arizona. Lot #3 from our July, 2007 auction. Remarkable though it may seem, the present note is the second consigned to us by Mr. Costello, grandson of one Mary... |
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| 8 | The Midwest Winter Sale 2008 on 02/08/2008 | $50,500.00 |
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1902 $10.00. Tombstone, AZ Charter# 6439 Blue Seal. XF.
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The First National Bank of Tombstone, Arizona. This same note was included in our most recent Summer Sale, and is now being offered again, at a much lower reserve. What follows is the description of... |
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| 2 | The Midwest Summer Sale 2007 on 07/27/2007 | $69,750.00 |
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1902 $10.00. Tombstone, AZ Charter# 6439 Blue Seal. XF.
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The First National Bank of Tombstone, Arizona. New to the census, and signed by Mary M. Costello herself, this note is likely tied for the second best-preserved example from this beloved bank (the... |
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