Hermosa Beach, California. $20 1929 Ty. 1. Fr. 1802-1. First NB. Charter #12209. PMG Very Fine 25.
Hailing from one of a number of beach-side resort towns in the Greater Los Angeles area; the town of Hermosa Beach is represented by 20 notes recorded in the National Bank Note Census. Representative of that figure, this example is just one of five Type 1 $20s recorded and 10 small size notes overall. First chartered in 1922 the First National Bank led a rather unremarkable life before falling victim to receivership likely as a result of the Great Depression in December of 1932. A remainder of that rather unremarkable life; this note is nonetheless a tangible numismatic legacy of this idyllic locale situated on the shores of the Pacific.
Estimate: $2000.00- $3000.00
Price realized | 1'500 USD |
Starting price | 1'200 USD |