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Auction: 316 - The Collector's Series
Lot: 1094

VA. Newport News. Ch.S11028. Schmelz National Bank of Newport News. $20. 1902 PB. Fr.658. No.U924596E/13444. Plate A. Fine, with a tight lower margin. Stamped signatures.

H.L. and George A. Schmelz opened the Schmelz Brothers Bank in Newport News in 1891. (They also owned a private banking business in Hampton, Va from 1886-1903). George died in January, 1911, and the bank now just "Schmelz" was granted a federal charter in 1917.
A comparable note was auctioned as Lot 12870 by Heritage CAA in their Aug.16, 2010 sale, which sold for $350.00 plus the buyer´s premium.

Sold for
$220