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    One of Two Known From the Town

    Monterey Park, CA - $5 1929 Ty. 1 The First NB Ch. # 12061
    When we last sold this note back in 2011, we commented, "For years this bank has been the 'stopper' for collectors of southern California notes or California small size notes in general, as this bank, Monterey Park's sole issuer, had only one note reported. We've had the pleasure of selling that one piece twice, the first time in 1999 as part of the magnificent collection of Charley Colver, where it brought $5,500, and the next time in 2004 as part of the massive collection of our colleague and friend Lowell Horwedel, where it realized $10,925. We are pleased to offer this evening the second note from Monterey Park to surface, a pleasing PMG graded Choice Fine 15 specimen with even circulation and not a hint of a problem of any sort. Any estimate here is simply a guess, as collectors well know that the Horwedel/Colver piece has been impounded in a major California holding since its last appearance and that this may offer the last opportunity for decades to obtain any note from this community." That night, this note realized $9,775. During the last seven years nothing has changed, as the Horwedel/Colver piece still remains impounded and no other notes from this one bank community have been reported.

    Auction Info

    Auction Dates
    January, 2018
    3rd-9th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 172

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