Very Rare 1902 Benson NC Note, PMG 35 Choice Very Fine grade

Full Description

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