1860s $20 Remainder note-IdahoTerritory First National (B.M DuRell) PCGS Fine 12

Description: Up for Sale is: A 1860's $20 Idaho Territory National Bank Remainder note An About Uncirculated ungraded example of 1 of the 8 known examples of this note sold at auction in 2008 for $3,220. This note is clearly well circulated, but it retains its integrity and presents nicely, well above the listed grade with no apparent issues. Rarely offered for sale, this extremely scarce historical piece is proudly offered for sale at a fraction of the cost of the previously stated note! Here is your opportunity to add this great note to your collection today. FREE SHIPPING!! Benjamin Mace DuRell was born in January, 1831 in Old Town, Maine and came west to California in about 1849, then went north to St. Helens, Oregon in 1853, where he built a flour and sawmill. When that was destroyed by fire, he moved to Salem, where he built a large packing plant and a second sawmill. A disastrous flood during the winter of 1861-1862 again put him out of business, and he headed for the Idaho gold fields. On his way to Idaho in 1862, he met Christopher Moore and the two began hauling goods to the mines in Auburn, Oregon. In the spring of 1863 they brought supplies to Boise, selling some from their wagons and hauling the rest to the Snake River for sale to Owyhee miners. The partners opened several stores, including B.M. DuRell & Co. in Boise and Idaho City. The stores offered banking services as well as merchandise, and this financial activity led DuRell and Moore to join with three other investors (including Territorial Governor David Ballard) to organize the First National Bank of Idaho in 1866. The bank was granted a charter on March 11, 1867 and opened for business in the rear of DuRell's Boise store on June 6, 1867. A branch was soon opened in the Idaho City store as well. DuRell sold his interest in the bank in 1872, and moved to Utah, where he organized the Salt Lake City NB of Utah. Durell died of pneumonia on September 9, 1883. This note, which features a portrait of Washington at lower left and a view of the U.S. Treasury Building in Washington on the face and a green decorative back with a panoramic view of Union Pacific trains in the vicinity of North Platte, was apparently intended to be issued from Durell's store in Idaho City and made payable at the national bank where he served as President in Boise (City) some 36 miles away. Every note seen to date from this issuer has been a remainder, suggesting that either all notes were promptly redeemed or that the notes were prepared but never used for their intended purpose. Suffice it to say that Idaho Obsoletes are excessively rare and that notes from this issuer are probably one of the few available "pure plays" from Idaho. The notes have a fixed printed denomination and are payable on demand to the bearer. They are not checks or certificates of deposit. While the note is a bit dirty, PCGS mentions no repairs or meaningful impairments. We are aware of eight examples, most of which are tightly held. Idaho City, Idaho Territory $20 186_Remainder Serial#- 57 Please check out my store more great coins and currency. Note will be shipped out immediately once payment is received. Thank you for looking Please check the photos for the item's condition.You will receive the item(s) pictured Track Page Views WithAuctiva's Counter

Price: 750 USD

Location: Seattle, Washington

End Time: 2024-09-12T04:35:46.000Z

Shipping Cost: 0 USD