||Wilmington, NC - Bank of Cape Fear $7 Asheville Branch Oct. 1, 1858 NC-90 G192b. PCGS Very Fine 25. Odd denomination notes have held the interest of Obsolete collectors for a long time. Roger H. Durand's first book of his thirteen subject titles is Interesting Notes About Denominations (1988, Author), providing collectors with a primer on this fascinating genre. The North Carolina and rarer Virginia notes using $6, $7, $8, and $9 plate configurations are excellent to collect; all rare to extremely rare in choice condition. This is the first of four Bank of Cape Fear branch issued notes that have eye appeal way above what is normally encountered, and they merit strong attention. This full red lace tinted note with large white outlined "7" in the center was engraved and printed by Bald, Cousland & Co., Philadelphia. (or BC). At the top center, America and Indian chief, both seated, flank a shield on which a landscape is depicted. At the left, perpendicular SEVEN on intricate lathe work. At the right are three counters. Dated, signed and issued from the Asheville branch of the bank. This is an exceptional example and in this case, a condition rarity. The best 2003 Raleigh collection sale examples approached, but may not have exceeded this. These odd denominations are always in demand and meriting an aggressive bid when factoring in pedigree and condition superiority. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,057.50. Newman VI (Heritage Auctions, 4/2015), lot 19283. Description courtesy of Heritage Auctions.