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    Description

    Epic $100 Fr. 1166 Union National Gold Bank of Oakland Note
    Unique and with a Distinguished Pedigree

    Oakland, CA - $100 1875 Fr. 1166 The Union National Gold Bank of Oakland Ch. # 2266 PMG Fine 12 Net.
    An epic United States currency note which we are honored to catalog again in The Mike Coltrane Collection Part 1 sale. Only eight notes from this National Gold Bank title are in the census, and they are infrequently encountered. The $100 Union National Gold Bank of Oakland is unique, the only reported example, and boasts a distinguished pedigree. Among them Albert Grinnell, sold in March 1945, by Barney Bluestone. Its surprising reappearance 32 years later in Albert F. Chalk's collection, sold in Kagin's 1977 ANA auction, generated much excitement. An extremely rare major type, there are only eight $100 National Gold Bank Notes known, including this example, from four confirmed banks. We sold three of them, including the present note, in our 2017 Eureka Collection offering.

    This note's importance began the moment its printed sheet was pulled from the harmoniously designed American Bank Note Company engraved plates. The only remaining example known from one hundred $50-$100 sheets printed; its $50 denomination companion is unknown. The paper color retains much of its golden sheen with the black face printing exhibiting excellent contrast. The face vignettes are sharply detailed. The red treasury seal and charter number are slightly faded, but the bank serial "8" seen on the dark waves of the vignette is rich red. The face margins are complete all around. The brown back also retains much color and frames the still well-detailed coins vignette. PMG notes "Restoration," but none of this seems immediately apparent. Ex: our April 2017 CSNS sale, lot 21434 where it realized $235,000; The Eureka Collection of National Gold Bank Notes; Kagin's 1977 ANA sale (session 4), lot 3666; Albert F. Chalk; Barney Bluestone's, March 10, 1945 Grinnell sale (realized $125). It is always difficult to estimate a unique item that possesses so much history. Its previous price records are only guidance from the past. Visionary paper money collectors have always sought out rarities like this. Exceeding the high estimate is a worthy endeavor for this museum-caliber note. This is a superb opportunity to acquire one the greatest National Gold Bank Notes and a prize example from The Mike Coltrane Collection.
    From The Mike Coltrane Collection.


    Auction Info

    Auction Dates
    November, 2020
    4th-5th Wednesday-Thursday
    Bids + Registered Phone Bidders: 16
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