Rotan, Texas. $10 1902 Plain Back. Fr. 626. First NB. Charter #8693.

Rotan, Texas. $10 1902 Plain Back. Fr. 626. First NB. Charter #8693. PCGS Banknote Very Fine 25. A tough note from rural Fisher County whose fortunes mirrored that of the railroad. Rotan like many of the charters in the region is a great example of a "one-bank town" that is scarcely traded at any grade level. Served by the First National Bank (Charter# 8693) which had organized in 1907, this institution kept a circulation that never exceeded $12,500 at any point before 1935 and records only 12 non-institutional notes in the National Bank Note Census. Today notes issued under the Series of 1902 account for the bulk of recorded survivors, but it would be foolish to assume that this evenly circulated $10 Plain Back issued before 1924 is a "common" note as a result. In fact, this note is one of an even smaller handful that has been offered regardless of the series imprint for the benefit of bidders making this an opportunity not to be overlooked despite noted imperfections. PCGS Banknote comments "Surface Damage, Bank Signature Faded." Estimate: $800 - $1,200. Provenance: From the Jack Copeland Currency Collection, Part IV. Click here for certification details from PCGS Banknote.

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