4/18/21 7:26 AM
Gold: $1,776.87
Silver: $25.94
Platinum: $1,199.48
Palladium: $2,770.35
G/S: 68.49
Pt/G: 0.68
map11005 Olive Boulevard
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Lot #: Go
Lot Title: Uncut sheet of serial number 1 1902 Blue Seals - East St. Louis, IL Charter #5070. Three $10 and one $20.
Lot Number: 12
Description: The Conrad "Cooney" Reeb Family Estate. Conrad Reeb was born November 25, 1868 and passed away during arguably the worst part of the Great Depression, on June 26, 1933. He is buried today in Mount Carmel Cemetery in Belleville, Illinois.

As collectors today, we so often seem to have become quick to forget that every coin and piece of currency carries a history behind it. Almost always, it is a mundane history that simply states: "this five dollar bill circulated", and nothing more is known. Fortunately, Conrad Reeb's legacy has been kept alive by his descendants, for whom we are proud to offer for sale an uncut sheet of Serial Number 1 1902 Blue Seal notes.

"Cooney" Reeb started his banking career as a messenger boy for the Workingmen's Bank, an Illinois state institution in the Wies Building at Third and Broadway. It was walking distance for the young man who then lived at Broadway and Main. From these humble beginnings, Conrad rose through the ranks, rising to bookkeeper and earning the trust of the bank managers to become a teller in 1893. After seven years of earning the trust of depositors, not to mention the board, of the bank, Conrad became an assistant cashier, and then cashier of the bank in 1902, and then rose to the office of Vice President in 1912. During much of this time, Henry D. Sexton was President of what had now become, the Southern Illinois National Bank.

The bank presidency was vacated in 1914 when Henry Sexton, then considered a leading financier of southern Illinois, passed away, and Conrad Reeb was elected to the position in his stead. Cooney remained president until his own untimely passing in 1933.

The signature for "C Reeb" shows clearly, in strong hand for these Series of 1902 bank notes, a series of four on an uncut sheet. 1902 held particular significance within Mr. Reeb's memory, for it is the same year that his father, Conrad Reeb Sr., passed away, also in June. And 1902 was the year that Cooney had become cashier of the Southern Illinois National Bank.

Conrad Reeb: Churchman, Friend, Banker, revered by his family and a true citizen of East. St. Louis.

References: The Evening Star, Thursday, December 25, 1908, Memorial Testaments for Conrad Reeb, Jr., Charles F. Spilker, Associate Editor, East St. Louis Today, June 1933
Estimate: $7,000-$9,000
Lot Status: Bidding has been closed for this lot.
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Hammered Price: $6,000
Price Realized: $7,080

Please Note: An 18% Buyers' Premium is added to the hammer price of all lots in this sale.

This lot may contain an item not certified by ANACS, PCGS, or NGC. While Scotsman Auction Co. is typically conservative in our descriptions of items not certified by one of these companies, we cannot guarantee our grading estimation will match their grade. We highly recommend that collectors seeking items certified by a third-party grading service only bid on items that have already been certified. No lot can be returned because of a variance in judgment with regards to grade.
Uncut sheet of serial number 1 1902 Blue Seals - East St. Louis, IL Charter #5070.  Three $10 and one $20.
Uncut sheet of serial number 1 1902 Blue Seals - East St. Louis, IL Charter #5070.  Three $10 and one $20.