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V25 2022 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 25, Number 43, October 23, 2022, Article 21

MORE COLTRANE ESTATE NORTH CAROLINA NATIONALS

Heritage is also offering North Carolina National Bank Notes from the Mike Coltrane Estate. Here are some additional highlights in an article submitted by Maureen Levine and Bruce Hagen. Thanks. -Editor

  Mike Coltrane Estate North Carolina Nationals
Offered at Unreserved Auction Exemplify Rare and Important Types

Rare and important North Carolina Nationals collected by the late Mike Coltrane for decades are offered in an unreserved online Showcase auction by Heritage Auctions on October 30, 2022. The collection chronicles North Carolina's post-Civil War banking history including the part Mike's ancestors played. Daniel B. Coltrane, Mike's great-great grandfather, was one of the founders of the Concord National Bank. He and son Lester D. Coltrane were officers (see lots 96043 through 96070 for the father-son signature combination of President and Cashier respectively). Some of the notes Mike's banker father (Lester D. Coltrane III) accumulated over the years, along with Mike's private purchases, are newly reported and being auctioned for the first time.

Collectors will be intrigued by significant types from rarely encountered Original Series and 1875 types to 1929 Small Size rarities, many of which are in excellent condition. And there are a number of sole reported examples from their charters and types. As with his forebears, Mike continued the tradition of giving back to the community. Proceeds from this currency Showcase sale and upcoming U.S. Coins Signature auction will be donated to charity, through the Foundation for the Carolinas, to assist individuals in need as well as for community betterment. We hope you will take the time to review this important offering.

  Coltrane NC Charlotte $5

Charlotte, NC - $5 1882 Date Back Fr. 534 The Commercial National Bank Ch. # (S)2135 PMG Very Fine 30. Lot 96030.

A note with broad appeal. Not only is this a scarce charter and type, it is also a coveted "Circus Poster" title block layout which is more often seen on 1882 $5 Brown Backs.

To read the complete lot description, see:
Charlotte, NC - $5 1882 Date Back Fr. 534 The Commercial National Bank Ch. # (S)2135 PMG Very Fine 30.. ... (https://currency.ha.com/itm/national-bank-notes/charlotte-nc-5-1882-date-back-fr-534-the-commercial-national-bank-ch-s-2135-pmg-very-fine-30/a/62264-96030.s)

  Coltrane NC Concord $10

Concord, NC - $10 1902 Date Back Fr. 618 The Concord National Bank Ch. # (S)3903 PMG Very Fine 25. Lot 96043.

A great rarity from the bank. One of two $10 1902 Date Backs reported, and the first ever offered at auction. Significantly it is hand-signed by two of Mike's banking ancestors: L. D. Coltrane (cashier) and D. B. Coltrane (president, and a founder of the bank). Those signatures continued in use into the small size issuing era.

To read the complete lot description, see:
Concord, NC - $10 1902 Date Back Fr. 618 The Concord National Bank Ch. # (S)3903 PMG Very Fine 25.. ... (https://currency.ha.com/itm/national-bank-notes/concord-nc-10-1902-date-back-fr-618-the-concord-national-bank-ch-s-3903-pmg-very-fine-25/a/62264-96043.s)

  Coltrane NC New Berne $5

New Berne, NC - $5 1875 Fr. 402 The National Bank of New Berne Ch. # 1632 PMG Very Fine 20. Lot 96180.

The spelling of the city now officially known as "New Bern" has been historically variable. As seen on these early notes, "New Berne" was used for a time. This attractively graded 1875 $5 was purchased privately by Mike, is one of two reported, and reaches auction for the first time.

To read the complete lot description, see:
New Berne, NC - $5 1875 Fr. 402 The National Bank of New Berne Ch. # 1632 PMG Very Fine 20.. ... (https://currency.ha.com/itm/national-bank-notes/new-berne-nc-5-1875-fr-402-the-national-bank-of-new-berne-ch-1632-pmg-very-fine-20/a/62264-96180.s)

  Coltrane NC Roanoke Rapids $20

Roanoke Rapids, NC - $20 1882 Value Back Fr. 584 The First National Bank Ch. # (S)5767 PMG Very Fine 25. Lot 96200.

Only five $20 1882 Value Backs are reported from North Carolina, and this is the only one from the charter. Mike acquired this in 1989, and it has not been available to collectors until now.

To read the complete lot description, see:
Roanoke Rapids, NC - $20 1882 Value Back Fr. 584 The First National Bank Ch. # (S)5767 PMG Very Fine 25.. ... (https://currency.ha.com/itm/national-bank-notes/roanoke-rapids-nc-20-1882-value-back-fr-584-the-first-national-bank-ch-s-5767-pmg-very-fine-25/a/62264-96200.s)

  Coltrane NC Sanford $10 Number 1

Serial Number 1 Sanford, NC - $10 1929 Ty. 2 The National Bank of Sanford Ch. # 13791 PMG Extremely Fine 40. Lot 96212.

One of four serial number 1 notes in the collection, and the most unusual. The bank is a late1933 charter emitting notes for a short period before the end of National Currency issues. Of the nine reported notes from the bank, this is the only number 1 note.

To read the complete lot description, see:
Serial Number 1 Sanford, NC - $10 1929 Ty. 2 The National Bank of Sanford Ch. # 13791 PMG Extremely Fine 40.. ... (https://currency.ha.com/itm/national-bank-notes/serial-number-1-sanford-nc-10-1929-ty-2-the-national-bank-of-sanford-ch-13791-pmg-extremely-fine-40/a/62264-96212.s)

  Coltrane NC Murchison $100

Wilmington, NC - $100 1882 Date Back Fr. 571 The Murchison National Bank Ch. # (S)5182 PMG Very Fine 20. Lot 96242.

Only three banks in North Carolina issued this rarely seen high denomination type, but all the six known survivors are from this charter. This was last auctioned in 2005 and is also in a bold grade.

To read the complete lot description, see:
Wilmington, NC - $100 1882 Date Back Fr. 571 The Murchison National Bank Ch. # (S)5182 PMG Very Fine 20.. .. (https://currency.ha.com/itm/national-bank-notes/wilmington-nc-100-1882-date-back-fr-571-the-murchison-national-bank-ch-s-5182-pmg-very-fine-20/a/62264-96242.s)

This important collection, featuring 259 lots, will be auctioned online on Sunday, October 30, 2022, commencing at 6:00 PM Central Time (7:00 P.M. Eastern). For further sale information contact Susan Bremer at SusanB@HA.com. Lot viewing is available by appointment at Heritage's Office in Dallas. Contact Jose Berumen at JBerumen@ha.com or 214-409-1299. All lots are currently on view online and open for bidding now at ha.com/62264.

To read the earlier E-Sylum article, see:
COLTRANE ESTATE NORTH CAROLINA NATIONALS (https://www.coinbooks.org/v25/esylum_v25n42a24.html)

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Wayne Homren, Editor

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