Santa Barbara $5 National Gold Bank Note
Santa Barbara, California. $5 1873. Fr. 1139. First National Gold Bank. Charter #2104. PMG Very Good 10.
A note that no doubt has seen many bars and paid for many drinks and has been spent time and time again to a point where it should have been pulled from circulation in the 1870s. However, such a fate did not befall this relic of California's earliest decades as a state. Complete with boldly penned signatures and even margins that remain unburdened by damage that has befallen many comparable notes, the folds are nonetheless as numerous as the stars in the night sky, but the all-important vignette of assorted gold coins on the back remains clear and attractive. Individual coins representing denominations as small as the Type III $1 to an 1871 $20 Double Eagle that sits proudly at center atop a number of additional coins of the same denomination; the back vignette is more than just an attractive composition, but a look into the economic peculiarities of California and its preference for "hard money" that remained steadfast while such coins were a scarce sight back East and subject to rigorous hoarding and speculation. Indeed a piece of California history that stands among few equals and one that will do well to represent this iconic type in your collection.
From the Eric Agnew Collection.
Estimate: $6000.00- $8000.00
Price realized | 4'600 USD |
Starting price | 3'600 USD |