(p) 586-979-3400 | (e) info@executivecurrency.com
P.O. Box 2
Roseville, MI 48066-0002
www.ExecutiveCurrency.com
Executive Currency - Offering Rare Paper Money for the Connoisseur

 
$5 1929=KETCHIKAN, AK=Ch 12578=TERRITORIAL=ALASKA NATIONAL=PROBLEM-FREE PCGS 10
 
$5 1929=KETCHIKAN, AK=Ch 12578=TERRITORIAL=ALASKA NATIONAL=PROBLEM-FREE PCGS 10
Larger Image
$13,450.00
$12,450.00
 
 
Description:

                                                          $5 

                                        1929  National Bank Note

                                                          Type I

                                     ‘HOMETOWN NOTE’

                                                            from

                       KETCHIKAN,

                              ALASKA

   ALASKA is the RAREST  STATE 

FROM  WHICH TO ACQUIRE  A  NATIONAL          

the crowing jewel of any collection of national banknotes   

 

            A rarity of the utmost caliber one of  only a precious few to grace our offerings since 1981.

In 1867, William Seward, Secretary of State, argued vigorously for the purchase of Alaska, from Russia, at the perceived exorbitant price of two cents per acre or $7.2 Million. Americans quickly nicknamed the barren acquisition “Seward’s Folly”.  Thirty years later, Seward was forgiven with the discovery of gold leading to the Klondike Gold Rush. As the importance and value of the land increased, so did tensions with neighboring Canada as pre-existing borders between Russia and Canada were unclear in several large sections.  Rather than risk war, Charles Fairbanks, a Senator from Indiana, was appointed to resolve the border dispute in an amicable fashion—a feat he accomplished in 1898 with the majority of the disputed land becoming property of the United States.

Between 1890 and 1900 the population of Alaska doubled to 64,000 because of the gold rush. The second largest city was settled in 1901 and named Fairbanks to honor the Senator’s contribution to the District of Alaska. Four years later the First National Bank of Fairbanks was organized.

Aside from great numismatic importance, this fiscal relic has direct ties to the Klondike Gold Rush, the unique status of Alaska as a District and as a Territory, William Seward, and Charles Fairbanks.    

 

issued  by

                             The First National Bank of KETCHIKAN

                                          the national bank is identified as

                                                   Charter – 12578

                                              aside from the rarity factor,

                        national banknotes are collected because they link a person to a place:

                                                --birthplace of collector, spouse, or children

                                                --current residence

                                                --same first or last name of collector

                                                --city of high school, college, or work

                                                this example conservatively  grades

                               PCGS  VERY  GOOD  10 – with NO negative comments

                               

                                                     additional comments:

            Midway in the census of nine notes—and on par with the example in our reference collection for which we paid $18,250 in 1999 and were giddy with excitement upon securing the piece. A marvelous specimen, both attractive and affordable for a collector seeking a single representative from colorfully referred to as “The Land of the Midnight Sun.” 

                        

For additional information, please contact our office at 586.979.3400

 

 
         
back