I just picked this note up. I know it's in extremely rough shape and has several repairs...but it is a national currency note from my home town of Eugene, OR. I am trying to start a Eugene collection (as well as an Oregon collection in general). It is also my first large size note. Based on my research, there are 6 known examples of 1902PB $10 Eugene (3458) notes known including this one. I really like this piece.
Nice note, really strong signatures (sometimes they are hard to make out). So will your Eugene collection include every note that you can afford or just one of each type?
My hope is every one that I can afford. I know of a couple 1929 notes for sale online right now but they are out of my price range unfortunately.
Is there anyway to know what year this note was printed? I know the series year is not necessarily the year of print (at least on notes today).
Feb. 17, 1906. It is on the face of the note next to the state name partially obscured by the right signature.
I completely understand that. I have now found 4 Chico, Ca. notes that are each being sold for at least twice their Kelly estimated value. The kelly estimates might even be a little high based on what I have seen the last few years.
I found a 1929 $5 Type 1 note...probably F or so condition for sale from the US National Bank of Eugene (charter 10345). Based on Track and Price, 4 are known to exist (and this is not one of the 4). The seller wants $1800 for it which is where Track and Price would value a 65 or so.
With only 4 (or 5) known the dealer can ask what ever they want, if those other 4 bills are now stuck in solid collections you might not see another come up for sale for years. This is what the dealer is banking on... However it is possible that there are at least twice that number actually in existence and that you will see another come up for sale in the next few years. Now just to save your pennies so you can afford it when it does.
This is basically what I am thinking. I figure...just save and wait and see what happens. Plus, the longer that seller has it the more he will be willing to negotiate on price.
That's the plate date, but it's only slightly less useless than the series date if you're trying to figure out when the note was actually printed. In this case, the most important feature is the duplicate bank serial (the 15697 appearing in two places). It indicates that the note was printed after 1925. Earlier, there would have been a Treasury serial (with prefix and suffix) at upper right, rather than a second copy of the bank serial.
