Memphis, Tennessee. $5 1875. Fr. 402. The State NB. Charter #2127. PCGS New 61 PPQ.A wonderful Tennessee First Charter $5 that is one of only two such notes known in Uncirculated condition for the entire state. The other example, from the Stones River National Bank of Murfreesboro, lies in an institutional collection and is unavailable to the collecting public. The presently offered note is beautifully printed in bold inks with deep red overprints. The bank officers signatures are neatly penned and well presented. All of the first charter notes that we can trace from this early Memphis bank feature a tight New England style trim as this note does. Essentially Choice in every way as the cut is as intended. One of the best Tennessee nationals we have seen in some time.
