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    Description

    Tonopah, NV - $20 1929 Ty. 1 Nevada First NB Ch. # 8530
    As was the case with most of Nevada's banks, this institution was hit hard by the Great Depression, which wreaked havoc on Nevada's ranching and metals driven economy. As farm prices fell and commodity prices plunged, few banks were able to withstand the drop in deposits and the rise in insolvencies amongst its borrowers. Although the only bank in town, this institution was no exception, being one of the three National Banks in the state to close its doors between September and December of 1932. Relatively few Series 1929 notes were issued, with the output of twenties, for example, amounting to a mere 92 sheets. This is one of the three known, and the only one to grade higher than Very Good-Fine. PCGS Apparent Fine 15, with the Apparent grade assigned due solely to some utterly miniscule rust spots on the back which, if all were combined, would not add to a single rust spot of any consequence whatever.
    From The Vegas Collection


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    Auction Info

    Auction Dates
    September, 2015
    16th-22nd Wednesday-Tuesday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 598

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