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Tonopah, Nevada - $10, 1929 Type 1, Nevada First National Bank Of, Charter 8530. Fr. 1802-1

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:15,000.00 USD Estimated At:17,000.00 - 20,000.00 USD
Tonopah, Nevada - $10, 1929 Type 1, Nevada First National Bank Of, Charter 8530. Fr. 1802-1
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One of the highlights of this auction is this note! With just two Type 1 $10s confirmed, when will you get a chance to acquire another $10? The other $10 in the census happens to be serial number 1 in Unc. So, if you want a small size Tonopah $10 and you can't afford a serial number 1, this note is your chance! Facsimile signatures of Arthur G. Raycraft, cashier and John G. Kirchen, president. Condition: Fine. Serial Number: 184. Nevada First National Bank Of Tonopah History: Chartered in February of 1907 with a capital $100,000. During its twenty-five years of being a bank, they only issued $47,400 in small size notes. When the bank was voluntary liquidated on September 2, 1932 and by September 13, 1932 $18,860 was still outstanding. The banks first president, Malcolm Macdonald install the telephone and telegraph system through-out Southern Nevada, bringing even the remotest camps and mines into instant communication with the outside world. The last cashier of the bank, Arthur G. Raycraft was known as Nevada's "Father of Wireless". Raycraft started experimenting with radio communication as early as 1909. In February 1911, Raycraft developed a news service for the Tonopah Daily Bonanza that provided them with news from around the world. It is claimed that this was the first newspaper news service in the state of Nevada. By 1919, Raycraft developed a system that allowed communication with all of the mining camps near Tonopah and in 1920 he formed the Nevada Wireless Telegraph and Telephone Company. And interesting fact about this bank it that it is the only national bank in the state to use the world “Nevada” as part of their name during the note issuing period. Tonopah Nevada HWAC# 32235