National Gold Bank Note
National Gold Bank Notes were National Bank Notes issued by nine national gold banks in California in the 1870s and 1880s and redeemable in gold. Printed on a yellow-tinted paper, six denominations circulated: $5, $10, $20, $50, $100, and $500. A $1,000 note was designed and printed but never issued.
National Gold Bank Note
Continental Banknote Company · Image by Godot13 · Public domain
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National Gold Bank Notes were National Bank Notes issued by nine national gold banks in California in the 1870s and 1880s and redeemable in gold. Printed on a yellow-tinted paper, six denominations circulated: $5, $10, $20, $50, $100, and $500. A $1,000 note was designed and printed but never issued.
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History
During the issuing period of national gold banks (1871–83), the U.S. Treasury issued 200,558 notes totaling $3,465,240. Today, National Gold Bank Notes are rare in the higher denominations (and unknown on some issuing banks) with condition generally falling in the good-to-fine range. Approximately 630 National Gold Bank Notes are known to exist, and roughly 20 grade above "very fine".
The National Gold Bank Notes were authorized under the provisions of the Currency Act of July 12, 1870. The series was a result of the California Gold Rush, where gold coins were preferred in commerce. Ten national gold banks were charted, nine of them in California and one in Boston, Massachusetts. The Kidder Bank was the only bank to have $1,000 notes among others prepared, however, no notes circulated from the bank.
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Notes from the source article
These works are cited by the source article, in its own numbering. They are recorded as its citations, not as sources VALÉORINE has verified.
- 1.Zerbe, Farran. National Gold Bank Notes. The Numismatist. The American Numismatic Association. 30. 1. 158. 1898.
- 2.Friedberg & Friedberg, 2010, p. 160.
- 3.Huntoon, 1996, p. 126.
- 4.The National Currency Foundation. The National Bank Note Census.
- 5.Collecting National Gold Bank Notes. www.numismaster.com.
- 6.National Gold Bank Notes. www.hokanson-coins.com.
- 7.About Paper Money - Large-size paper money - Early federal issues Coin World
- 8.Friedberg & Friedberg, pp. 160–63.
- 9.Huntoon, 1996, p. 121.
- 10.Huntoon, 1996, p. 118.
- 11.Huntoon, 1996, p. 122.
- 12.Huntoon, 1996, p. 125.
- 13.Huntoon, 1996, p. 123.
- 14.Huntoon, 1996, p. 124.
- 15.Office of the Comptroller of the Currency. Annual Report of the Comptroller of the Currency. 750. 1879.
- 16.Office of the Comptroller of the Currency. Annual Report of the Comptroller of the Currency. 756. 1876.
- 17.Friedberg & Friedberg, 2010, p. 162
- 18.Office of the Comptroller of the Currency. Annual Report of the Comptroller of the Currency. 749. 1879.
- 19.Friedberg & Friedberg, 2010, p. 163
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