George Washington check

[SkyMan]

I just saw this one (it is NOT mine). Here's a check from George Washington for $25 dated 1797. For those of you that have the scratch, the estimate is $40,000 - $45,000.

 

 

GW Check

[physics-fan3.14]

Seems a little steep. Good thing they offer the extended payment plan.

[Mr. Smith Guesser]

Very cool. The description says, "In fine condition. Washington was a depositor and stockholder in the Bank of Alexandria, which was the first bank in Virginia when it was established in 1792."

 

Here's a little bit I just found on The Bank of Alexandria and early U.S banks...

 

The Financial Institutions of Washington City in Its Early Days

Charles E. Howe

Vol. 8 (1905), pp. 1-42

 

http://www.jstor.org/stable/40066898?seq=1#page_scan_tab_contents

 

 

[johnny9434]

22.5 % buyers premium, ouch.

[rrantique]

Historical stuff and very interesting.

[Walkerfan]

Cool and historic but not my cup of tea.

[MarkFeld]

22.5 % buyers premium, ouch.

 

Regardless of how large it is, the buyers's premium should be irrelevant to bidders. All they need to do is take it into account when calculating the amount of their (hammer) bid.