Memphis, Tennessee. $100 1882 Brown Back. Fr. 527. NB of Commerce.

The Sole Example of the Type and Denomination on Memphis One of Only Four Recorded for Tennessee Memphis, Tennessee. $100 1882 Brown Back. Fr. 527. NB of Commerce. Charter #5056. PMG Choice Very Fine 35. Last sold over 40 years ago per available records, bidders have here for their consideration a veritable trophy from a bank that can already be considered a rarity among the 14 note-issuing banks in Memphis. Issued by the National Bank of Commerce of Memphis (Charter# 5056) during the late 1890s, this note is already one of only 11 pieces recorded here by the National Bank Note Census, but the type and denomination is much more important in relative terms as the State of Tennessee records only just four Series of 1882 $100 Brown Backs. This survivor is nonetheless the sole survivor for Memphis as the remaining balance of that population is recorded among three banks. The most recent of those survivors that traded hands was the example issued by the Cleveland National Bank (Charter# 1666) which realized $38,400 in 2025 while the two remaining survivors which were issued by the Peoples National Bank of Gallatin (Charter# 5545) and the First National Bank of Martin (Charter# 5617) lack any auction records. The only auction record we can trace for this example dates to 1984 when it sold for approximately $3,250 while its counterpart from Cleveland traces additional offerings dating to 1987 and 2009 which does well to emphasize the inherent rarity of this remarkable item. As for the examples from Gallatin and Martin, it stands to reason that those notes are tightly held within their respective collections making this an opportunity where even the grade assigned might as well seem to be a secondary consideration in the overall numismatic calculus. Yet to overlook the technical and visual distinction of this item would amount to a grievous error that overlooks the inherent beauty of this design which is again magnified by the grade assigned. Looking upon this financial relic that spent time in commercial channels, bidders and onlookers alike are met by penned signatures attributable to Cashier James Adolphus Omberg and President Samuel H. Dunscomb which lend a particularly admirable quality bound to be appreciated by the specialist. These penned signatures though are not the only point of visual and technical distinctiveness as the note itself offers a level of color and detail that goes beyond what one would readily expect of the grade assigned by PMG. Here elements such as the vignettes entitled A Scene from The Battle of Lake Erie and The Union radiate with a level of engraved detail that speaks to the skills of the engravers who made the first plates for the Original Series during the 1860s while the coloration of the Treasury overprint evokes a sublime contrast against the engraved design that deserves to be viewed in-person. In all, it takes little to reason that a premium bid leveraged without any hint of caution will be needed to secure this great rarity from Memphis that very well may disappear for decades as Tennessee is an incredibly popular state for National Bank Notes where veritable "trophy notes" are seldom traded within a public context. Estimate: $20,000 - $30,000. Click here for certification details from PMG.

Stima:€10,698.12

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