Providence, Rhode Island. $50 1902 Red Seal. Friedberg 664. The Providence NB. Charter #1302. PMG Gem Uncirculated 66 EPQ. Just 104 Series of 1902 $50 Red Seals are known to collectors and no others can approach the example offered here in terms of quality and appeal. This visually stunning $50 is the only example of the type that PMG has graded in the Uncirculated grade range. Vibrant red overprint inks and vividly detailed engraved design elements are displayed by this broadly margined, near Superb, note. Original overprint embossing is clearly evident from the verso. This prominent Providence bank was chartered way back in 1865 and went on to issue nearly $19 million in National currency through 1935. The bank issued 4,600 sheets of $50-$100 formatted Red Seals, yet today just seven of the $50s are known. An incredibly important trophy National Bank note for which no equal is likely to surface. <em>From Lyn Knights sale of June 1998, lot 606; Dr. Edward & Joanne Dauer. </em>