1902PB $10 Kasson MN National Banknote , CH# 11042 VG (1 of 5 Large Notes)

Description: 1902PB $10 Kasson MN National Banknote, CH# 11042 VG (1 of 5 Large Notes) - RAREThis 1902 Plain Back $10 National Banknote from Kasson, Minnesota, with charter number 11042, is an exceedingly rare find. Graded in VG (Very Good) condition, this note is 1 of only 5 known large-size notes recorded in the Track & Price database. The scarcity of these notes makes them highly sought after by collectors and investors alike.Key Features: Grade: Very Good (VG) Type: Plain Back National Banknote Town: Kasson, Minnesota Charter Number: 11042 Denomination: $10 Year: 1902 Rarity: 1 of only 5 large notes recorded in Track & PriceHistorical Context and Significance:The 1902 Plain Back series represents a later phase in National Banknote issuance, characterized by the simplicity of its design. Issued by the First National Bank of Kasson, this note offers insight into the financial history of small-town America in the early 20th century. Kasson, located in Dodge County, Minnesota, was an important agricultural community, and local banks like this one played a critical role in providing stability and liquidity during a period of significant growth and transformation.This particular banknote is significant due to its extreme rarity. Only 5 large-size notes from Kasson's First National Bank are known to exist, making this piece an exceptional opportunity for collectors who specialize in rare National Banknotes. Moreover, only 2 of these large-size notes have ever been sold at auction, with one example graded 10selling for $825 on eBay in 2022. This record illustrates the strong demand for notes from this small, yet historically significant bank.Collector's Note:This 1902PB $10 Kasson MN National Banknote is a rare gem in the world of numismatics. With only 5 large-size notes recorded and just 2 examples ever sold, this piece offers incredible scarcity and historical interest. The note's VG grade adds character, showing signs of circulation while still maintaining its historical integrity. For collectors of Minnesota National Banknotes or those with a focus on rare small-town issues, this note provides a unique opportunity to own a part of American banking history. Don't miss the chance to acquire this exceptionally rare and valuable piece from Kasson, Minnesota!Collecting and Investing in Minnesota National BanknotesCollecting and investing in Minnesota National Banknotes offers enthusiasts an opportunity to connect with a unique part of American financial history. The National Bank era, which spanned from 1863 to 1935, saw the establishment of numerous local banks throughout Minnesota, each issuing its own distinctive notes. These banknotes are now cherished relics, valued for their historical significance, artistic beauty, and scarcity. For collectors and investors alike, Minnesota National Banknotes represent a solid long-term investment due to their uniqueness and historical appeal.Minnesota National Banks: A Historical OverviewDuring the National Bank era, over 230 banks in Minnesota were granted charters to issue their own currency. These banks were spread across the state, from major cities like Minneapolis and St. Paul to small rural towns, each contributing to the state’s economic development. The notes issued by these banks bear the name of the issuing bank, its charter number, and often include intricate designs that highlight regional features or landmarks.Minnesota National Banknotes are particularly intriguing because they reflect the diverse history of the state—spanning bustling industrial hubs and small, agricultural communities. The banks that issued these notes played crucial roles in supporting local economies, especially during significant periods such as the Panic of 1893 and the Great Depression. Many of these banks did not survive beyond the 1930s, either due to economic downturns or consolidation into larger institutions, making their notes exceptionally rare today.Collector and Investor AppealMinnesota National Banknotes hold significant appeal for both collectors and investors. Collectors are often drawn to the local history encapsulated in each note. For example, notes from banks in smaller towns—such as Worthington, Bemidji, or Duluth—tell the stories of the towns' growth, challenges, and resilience. Owning a note from a long-defunct local bank provides a tangible link to Minnesota’s past, connecting modern-day collectors with the communities that helped shape the state’s history.For investors, Minnesota National Banknotes represent a compelling opportunity due to their scarcity and historical significance. Notes from banks that issued only small quantities or operated for a brief time are especially rare, and thus more valuable. The historical context, coupled with the limited supply of surviving notes, has driven consistent interest and appreciation in value over the years. Unlike other investments, such as stocks or bonds, these banknotes are physical assets with intrinsic historical value, which can make them less susceptible to market volatility.Why Minnesota Banknotes are a Solid Long-Term Investment Scarcity and Historical Significance: The scarcity of Minnesota National Banknotes is one of the primary reasons they are considered a solid long-term investment. Many of the chartered banks were small institutions that issued a limited number of notes, and only a fraction of those have survived to this day. This scarcity, combined with the unique historical stories tied to each note, makes them highly desirable among collectors and investors. Increasing Demand: The demand for investment-grade banknotes has been steadily increasing. As more collectors and investors recognize the historical value of these pieces, particularly those with strong ties to local history, their market value continues to rise. In recent years, National Banknotes from Minnesota have attracted attention not only from local collectors but also from investors across the country who are interested in rare U.S. currency. Auction Prices and Market Trends: Minnesota National Banknotes have consistently performed well in auctions, with rare notes from smaller towns fetching high prices. For instance, notes from The First National Bank of Worthington or The Bemidji National Bank have been known to sell for $5,000 to $15,000 depending on their condition and rarity. Historical sales data suggests that these notes tend to appreciate in value over time, particularly those in higher grades or from short-lived charters. Tangible Historical Assets: Unlike stocks or other financial instruments, banknotes are tangible assets that investors can physically own and enjoy. The intrinsic historical and cultural value of Minnesota National Banknotes adds a layer of investment security, as collectors are often willing to pay a premium for well-preserved, historically significant items. The notes serve as more than just an investment—they are also a gateway to the past, providing insights into the local economies and communities of early Minnesota.ConclusionCollecting and investing in Minnesota National Banknotes is a rewarding endeavor that combines historical appreciation with financial opportunity. With over 230 banks chartered to issue notes during the National Bank era, each banknote offers a unique story and a rare glimpse into Minnesota's economic history. The scarcity, historical value, and growing interest in these notes make them a compelling option for those looking to invest in tangible assets with long-term potential. Whether you are a seasoned numismatist or an investor seeking a unique and meaningful addition to your portfolio, Minnesota National Banknotes are an excellent choice that offers both cultural richness and financial promise. What Makes Bloc Galleries Special? At Bloc Galleries, we don’t just sell collectibles – we live them. What makes us different? It’s our passion, our people, and our relentless commitment to making your collecting experience not just good but great. Here’s what sets us apart: Our Money-Back Guarantee We offer 100% seller paid returns, our money-back guarantee is simple, if the item isn’t quite what you expected, you can return it for any reason. Your Satisfaction, Our Mission We’re here to make sure your collecting experience is fun, exciting, and, above all, satisfying. You’re not just buying from us – you’re embarking on a collecting adventure with us by your side. At Bloc Galleries, we’re committed to offering the finest collectibles, backed by a team that’s always ready to make sure your experience is nothing short of outstanding. We know that when it comes to collectibles, photos and descriptions might not always match your exact expectations. We handle tens of thousands of items each year, and sometimes mistakes happen. If we ever mix up a listing or a photo, we’ll go the extra mile to make it right – even if it means offering a better grade or condition at the same or lower price. We’re all about turning those occasional hiccups into win-win moments for you. Not completely satisfied? You’ll get a full refund, including return shipping, on us. Just let us know (via eBay, phone, or text) before leaving feedback – we’re here to make things right. Our Team At Bloc Galleries, we believe that extraordinary things are only achieved by extraordinary people. We’re not just employees – we’re collectors, just like you. Each banknote, artifact, or treasure has a story, and we’re as invested in discovering and sharing these stories as you are. We pour in not just hours but heart, energy, and dedication. Sure, we’re human, and sometimes we stumble, but our commitment to always do right by you never falters. We’re not just here to sell – we’re here to join you on this exciting collecting journey. And if we ever mess up? We make it right – even if it costs us, because we’re in this for the long haul. Vast Acquisitions, Unbeatable Pricing Every quarter, we acquire tens of thousands of banknotes, leveraging our global network to source inventory you won’t find anywhere else. By buying in bulk, we’re able to pass on deep savings to you. Quality notes, below market prices – that’s just how we roll. The Thrill of Discovery We’re not about overly cataloging and pre-screening every item. Instead, our streamlined team focuses on curating auction lots with a sense of adventure. Our unsearched, high-grade currency lots are brimming with hidden gems, and our customers are continually amazed at the incredible finds they’ve snagged. Every bid is an opportunity to unearth something truly special. Customer-Friendly Bidding Our auctions kick off with low opening bids and no reserve pricing, making the experience transparent, exciting, and accessible for all. Whether you’re bidding on one item or twenty, we’ve got you covered with our flat shipping rate. Simplified Shipping, Maximum Value Shipping? We keep it simple. For just $6.50, for purchases made the same day (24 Hours) we’ll ship your treasure trove safely to your door. And yes, that flat rate covers combined shipping, whether you win one item or 25. We’ve got your back. Shipping & Handling We take shipping seriously. Our team carefully packages and ships items twice weekly, ensuring your orders arrive safely and promptly. Based in the heart of the U.S. (Fargo, ND), we typically see short delivery times, and for orders over $200, we include tracking for extra peace of mind. •Flat Rate Shipping: $6.50 for all domestic orders, including combined shipping on multiple items.•International Orders: We primarily use eBay’s Global Shipping Program, with an average rate of about $14 for international shipments. If costs are significantly higher, we’ll reach out to you. Note that international returns are not accepted, and customs regulations may apply. International Purchases For our international customers, we typically use eBay’s Global Shipping Program, which provides reliable shipping at a reasonable cost (around $14 on average). However, if the rate is higher, we’ll let you know. Combined orders will receive a custom shipping quote, but please note we do not offer free shipping on international orders. Make sure to check your country’s customs and regulations as international returns are not accepted. Payment & Cancellations We totally get that life happens. If you need extra time, no worries – just let us know! However, all unpaid orders will be automatically canceled after 5 days. Keep in touch if you need assistance, and we’ll work with you. Why Bloc Galleries? It’s simple. We’re passionate about what we do, and we want to make sure you are, too. Our auctions are more than just sales – they’re an adventure. Join us every week for your chance to discover new treasures and experience a team that’s here to make your collecting journey fun, exciting, and stress-free. Bloc Galleries – where discovery meets passion, and your satisfaction is our mission. DID YOU SEE CATS LAST NIGHT? In the quiet corners of Bloc Galleries, where history whispers from each collectible, two enigmatic felines hold court. Gertrude, with her elegant white coat, and Pete, 'The Man Cat', in his tuxedo attire, materialize each evening as the sun dips below the horizon. No one knows where they hail from, maybe an alternative universe but their vigilant eyes never miss a detail. At precisely 3:33 AM, under the soft glow of the moon, an extraordinary event unfolds. For a fleeting 15 minutes, they speak. Yes, speak! With articulate English accents, they offer a running commentary on the day's work, sparing no one from their sharp, albeit humorous, observations on our numismatic endeavors. "Another misaligned watermark?" Gertrude would quip, her tail flicking with amusement. Pete, ever the diplomat, might chime in, "Splendid effort on the cataloging, though, truly!" Their critiques, always laced with wit, leave us in chuckles and chagrins alike. But as the clock ticks towards 4:00 AM, their words fade into the ether, and the memory of their eloquence evaporates like mist. By 5:00 AM, they are but silent sentinels once again, and with the first light of dawn, they vanish, leaving behind just a hint of their presence in photos they've graced. Legend now has it that Gertrude and Pete are the guardians of good fortune at Bloc Galleries. They watch over the collections, ensuring each piece carries with it a sprinkle of their mystical charm. For those who happen upon their image nestled within the listings, take it as a sign: the cats approve, and so may luck favor your bids. They admire the pretty pictures and revel in the grand tales spun by the currencies of old, and in their peculiar way, they extend their good will to all our customers, whispering of fortunes yet to come. If you win this auction and send us a message about the felines will send a special gift from Pete. He always has a great eye

Price: 895 USD

Location: Fargo, North Dakota

End Time: 2024-11-27T20:00:32.000Z

Shipping Cost: 0 USD