Sacramento, California. $50 1902 Date Back. Fr. 671. NB of D.O. Mills & Co.. Charter #2014. PMG Very Fine 20.
Issued by a bank that can trace its lineage back to the days when National Gold Bank Notes were seen readily in commerce, the National Bank of D.O. Mills & Co. of Sacramento had a long and illustrious history. Darius Ogden Mills came to California in the fall of 1849 from New York, opening a banking house in Sacramento in 1850. In 1872 the bank was one of nine in the State of California to become a National Gold Bank and had the distinction of being one of four banks to issue $500 National Gold Bank Notes. Fast forward a few decades and this institution was among the relative few across the United States to issue $50s and $100s in quantity before merging with the California National Bank of Sacramento (Charter# 8504) in 1926. Shortly thereafter a grand new bank building opened on J Street in Sacramento which stands to this day, proudly displaying the D.O. Mills name on its facade. Today notes from here aren't rare, but this handsome and evenly circulated $50 will do justice for an institution that is relatively overlooked in the eyes of many collectors.
From the Eric Agnew Collection.
Estimate: $800.00- $1200.00
Price realized | 750 USD |
Starting price | 480 USD |