McCloud, California. $5 1902 Plain Back. Fr. 600. McCloud NB. Charter #9479. PMG Very Fine 20.
A better charter from which large size offerings are scarce at public auction. It has been almost a decade since a large size note from here has been offered publicly and over 17 years since the last example was offered directly at auction. To consider this opportunity as rare is nothing but a gross understatement unreflective of reality and the history of this institution. Chartered in 1909, the McCloud National Bank kept a circulation of close to $25,000 for almost its entire existence before falling victim to liquidation at the hands of the Bank of Italy/Bank of America NT&SA (Charter# 13044) out of San Francisco in 1935. Just six large size Nationals are known from here against a population largely composed of small size notes contemporary to this bank's liquidation.
From the Eric Agnew Collection.
Estimate: $2500.00- $3500.00
Price realized | 1'900 USD |
Starting price | 1'500 USD |