Oakland, California. $20 1875. Fr. 1158. The First National Gold Bank. Charter #2248. PMG Very Good 10.
National Gold Bank notes have always held a strong place in the hearts of paper money collectors. With all five collectible denominations listed in the 100 Greatest American Currency Notes book, this piece will always be in demand. The ornate engraving of a pile of contemporary gold coins on the reverse is unmistakable for the type. Oakland is the single rarest location of the National Gold Bank Note issuers, with just 23 examples known according to Track & Price. We last sold a $20 from this bank in our March 2016 Baltimore auction, and that Fine 12 Net example brought a whopping $15,862. This example is found without any negative or netting comments, and the visual appeal is good considering the grade. This example boasts a low two digit serial number of 58.
Estimate: $20000.00-$30000.00
Price realized | 22'000 USD |
Starting price | 12'000 USD |
Estimate | 20'000 USD |