August 2024 Global Showcase Auction – 12 - 23 August 2024
Ancient and World Coins and Currency
Part B: Mo, 12.08.2024, from 6:00 PM CEST
Part C: Mo, 12.08.2024, from 10:00 PM CEST
Part 1: Tu, 13.08.2024, from 1:00 AM CEST
Part 2: Tu, 13.08.2024, from 6:00 PM CEST
Part 3: Tu, 13.08.2024, from 10:00 PM CEST
Part D: We, 14.08.2024, from 6:00 PM CEST
Part 4: We, 14.08.2024, from 9:00 PM CEST
Part 5: Th, 15.08.2024, from 5:00 PM CEST
Part E: Fr, 16.08.2024, from 5:00 PM CEST
Part 6: Fr, 16.08.2024, from 9:00 PM CEST
Part 7: Sa, 17.08.2024, from 5:00 PM CEST
Part F: Sa, 17.08.2024, from 6:00 PM CEST
Part 8: Mo, 19.08.2024, from 7:00 PM CEST
Part G: Tu, 20.08.2024, from 6:00 PM CEST
Part 9: Tu, 20.08.2024, from 7:00 PM CEST
Part H: Tu, 20.08.2024, from 8:00 PM CEST
Part 10: We, 21.08.2024, from 6:00 PM CEST
Part I: We, 21.08.2024, from 6:00 PM CEST
Part 11: Th, 22.08.2024, from 6:00 PM CEST
Part J: Th, 22.08.2024, from 6:00 PM CEST
Part K: Fr, 23.08.2024, from 6:00 PM CEST
Part 12: Fr, 23.08.2024, from 6:00 PM CEST
Description
Oakland, California. $50 1902 Plain Back. Fr. 685. First NB. Charter #12665. PMG Very Fine 30.
A rare denomination for Nationals or large size type notes of any kind, this evenly circulated $50 Plain Back issued by the First National Bank of Oakland is among a handful $50s recorded from here out of just over 5,000 issued towards the end of the 1920s. Featuring a portrait of Ohio Senator John Sherman at left, the younger Sherman was a key architect of American fiscal policy in the years that followed the American Civil War through the great ideological battle between the advocates of gold and silver at the twilight of the Nineteenth Century. Sherman's most noted legacy (at least in numismatic circles) is the Sherman Silver Purchase Act of 1890 which required the Federal government to purchase 4.5 million ounces of silver on a monthly basis, a requirement which led to vast quantities of Morgan Silver Dollars being struck and the introduction of Treasury Notes that could be redeemed for either gold or silver coin. Sherman's portrait is just one of a number from this period that would amount a one-off depiction that would never be repeated after the retirement of large size Nationals with the Series of 1929.
Estimate: $1000.00- $1500.00
Question about this lot?
Bidding
| Price realized | 1'100 USD |
| Starting price | 600 USD |
