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Very Rare 1902 Benson NC Note, PMG 35 Choice Very Fine grade
$1,600
Current Bid
What this bid actually costs
- Current bid
- $1,600
- Buyer's premium (12.5%)
- $200
- Est. all-in
- $1,800
Premium is this listing's published rate; tax is an estimate from the state's combined average. Pickup and title fees not included.
Market demand
General Surplus in Oregon sold in 78% of closed auctions this past year, with a median of 3 bids per lot.
From 149 completed sales in our archive.
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Item: Very Rare 1902 Benson NC Note, PMG 35 Choice Very Fine grade Pickup: Mill City, OR 97360 Removal deadline: Note will be shipped via USPS Priority Mail with a tracking number, and will be insured at the value of the winning bid. Loading help on site: please advise (assume none) Please quote pickup, any packing or crating, and transport.
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BidProwl Summary
1902 Benson NC National Bank Note graded PMG 35 Choice Very Fine, issued from a bank chartered 1924 and closed 1928 with only 4 years operational lifespan. Collectors of rare state currency and specialized numismatists buy these for the extreme rarity of high-grade examples from short-lived regional banks, with significant condition multipliers. Before bidding verify the PMG grade authenticity, examine the note for restoration or trimming that might explain the salvage designation, and confirm this charter number against recorded North Carolina National Bank lists.
AI summary of the seller's listing; it may occasionally contain inaccuracies. Check the full description and inspect before bidding.
Description from GovDeals
The bank’s operational lifespan is well‑documented in two independent sources:
Charter Granted:
1924
Closed by Receiver:
1928
Total Years in Operation:
Approximately 4 years making this a rare note.
This extremely short lifespan is exactly why your Benson note sits in the top tier of North Carolina rarity — the bank simply didn’t have time to issue much currency, and most of what it did issue was redeemed or destroyed during the Depression contraction.
North Carolina Currency Value - How Much Are North Carolina National Bank Notes Worth?
Of the more than 12,000 banks that issued currency under this system, only 127 of them were North Carolina National Banks, from Albemarie to Winston-Salem.
Rarity Classification
• Town rarity: High
• Charter rarity: High
• Type rarity: Moderate (1902 PB common, but not from this town)
• Condition rarity: Extreme — high‑grade examples are virtually unknown
Grade Multipliers for Scarce NC Nationals
• Fine → Uncirculated: 10×–20×
• Condition rarity adds another premium layer
Pickup information
Mill City, OR 97360
Open in Google MapsCP Management Co., OR
Condition: Salvage/Damaged
Contact the seller through GovDeals for pickup. Most sellers require removal within about 10 business days of payment.
Sold as-is where-is. You arrange and pay for pickup or transport.
Inspection terms▾
At the seller’s discretion, inspection may be permitted. Inspection is by appointment only. To request inspection, please click the “Ask a question” hyperlink, if available.
Removal terms▾
Note will be shipped via USPS Priority Mail with a tracking number, and will be insured at the value of the winning bid.
