Banking

1875 Charlotte bank note fetches $30,420 in auction

An 1875 bank note issued by a Charlotte bank, a rare piece of the city’s banking history, was bought by a long-time collector for $30,420 in an auction held Saturday, the auction house’s president said.

The $2 bill issued by the long-defunct Traders National Bank of Charlotte was put on the block by the estate of a Pennsylvania woman. The note was just one of nine issued by a North Carolina bank known to still exist, said Manning Garrett, president of Manifest Auctions in Greenville, S.C.

The “Laze Deuce” had been expected to fetch between $20,000 and $40,000. The collector did not want to be identified, Garrett said.

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