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The Stack’s Bowers Galleries August Auction to Offer Discovery Type Brown Back from Ishpeming, Michigan

By Christopher Dahncke, Currency Auction Associate

Author: Chris Dahncke / Thursday, June 17, 2021 / Categories: Paper Money of the Week

Stack’s Bowers Galleries Official ANA Auction of United States Paper Money will offer many highlights, including this newly discovered $5 Brown Back from the previously unreported Ishpeming National Bank. It is graded Fine 12 by PMG.

It is an astonishing discovery type from this Marquette County issuing bank. The Ishpeming National Bank was chartered on December 21, 1883, and issued just $65,380 during its existence, all of which were Brown Backs. The bank was liquidated on February 25, 1901, and as of 1910 just $640 was left outstanding on the bank. No notes for this bank are listed in Track and Price's census and the book "National Bank Notes" by Don C. Kelly lists this bank as (UNREPORTED). This note is the first to come forward from this elusive bank. Although this note is well traveled, it is sure to draw spirited bidding from collectors seeking to cross this bank charter off their list, or for those seeking an exceedingly rare note from the Brown Back series. The signatures remain mostly dark and still legible given the condition. Surprisingly, this note was recently discovered in an old trunk on the West Coast, quite a distance from where it was first issued.

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The Stack’s Bowers Galleries August ANA consignment deadline is fast approaching. To consign your U.S. paper money to a future sale, contact a consignment specialist at 800-458-4646 or visit StacksBowers.com. For more information on viewing lots or for assistance in registering to bid, email your inquiry to: [email protected]