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    Description

    San Francisco, CA - $5 1870 Fr. 1136 The First National Gold Bank Ch. # 1741
    National Gold Bank Notes served a very important role in California's early financial history. Congress approved their production in a time when specie payments for coin was on hold. Many collectors deem their role in the history of United States Currency to be so important that they are often collected alongside Gold Certificates as type notes. The grade of this lot and the next are so exceptional for National Gold Bank Notes, we felt it justified to lead off this gold backed group of notes.

    The $5 offered here is exceptional for one reason, and that is condition. Due to their favored status and the lack of other currencies, National Gold Bank Notes were extensively circulated. Most survivors are Fine or lower in grade and come with serious flaws of one kind or another. This refreshingly original note is about as close as one will come to owning a fully uncirculated National Gold Bank Note. The note was folded four or five times, but spent little to no time in circulation. The paper is as bright as the day it was printed with razor sharp corners, earning it a grade of PMG Choice Very Fine 35 EPQ. Aside from the few folds, there are no signs of wear to speak of. The population reports indicate only one nicer example has been submitted for a grading opinion. It grades Extremely Fine 40 EPQ and until we can prove otherwise, we can assume it displays some signs of actual wear.




    Auction Info

    Auction Dates
    September, 2008
    17th-21st Wednesday-Sunday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 767

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