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    Unique Fr. 1159a $20 First National Gold Bank of Santa Barbara

    Santa Barbara, CA - $20 1873 Fr. 1159a The First National Gold Bank of Santa Barbara Ch. # 2104 PMG Very Good 8.
    This long-lived charter issued Original National Gold Bank Notes. There are 17 National Gold Bank Notes of all denominations known, but this is the only $20 example remaining of the 800 issued. This circulated note has an attractive appearance, and the popular Santa Barbara location adds to its desirability. Like all early California banks, The First National Gold Bank of Santa Barbara has an interesting history. Established in May 1873, it was the successor to the town's first bank, a private institution. The founding president was Mortimer Cook, and the cashier was Amasa L. Lincoln. According to the December 10, 2014, Santa Barbara Independent, "Mortimer Cook came to Santa Barbara in 1871, bringing with him the only iron safe in town." Under the bank's third title, it issued small size notes.

    This unique $20 note is plate position A, serial 795/B302267. Just honest wear is seen on both sides, and the PMG encapsulation is comment-free. It retains the gold face tinting and brown back colors well. The red treasury seal and serial numbers are still vibrant. Mike acquired this example in 2017. According to Track & Price, Lyn Knight sold it in June 2001 (lot 11180 for $40,000). This is our first time offering this note. Another very important opportunity from this significant series and a classic rarity.
    From The Mike Coltrane Collection.

    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
    Page Views: 313

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