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.[1] A $1,000 note was designed and printed but never issued.[2] During the issuing period of national gold banks (1871–83), the U.S. Treasury issued 200,558 notes[3] totaling $3,465,240.[1] 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.[nb 1] Approximately 630 National Gold Bank Notes are known to exist, and roughly 20 grade above "very fine".[4]
National Gold Bank Note
(United States Of America)
Value
$5, $10, $20, $50, $100, and $500
Security features
None
Years of printing
1870 – 1875
Obverse
Design
Various
Design date
1870s
Reverse
Design
Ornamental with an array of United States gold coins
The National Gold Bank Notes were authorized under the provisions of the Currency Act of July 12, 1870.[5] The series was a result of the California Gold Rush, where gold coins were preferred in commerce.[6] 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.[7]
^"Any National Gold Bank Note in crisp new condition is practically unheard of and is an outstanding rarity. The general condition in which these notes are found is one of advanced circulation and notes in very fine or better condition are extremely rare."[2]
^The Kidder National Gold Bank ordered 250 notes which were returned (in full) to the comptroller of the currency's office.[10]
Friedberg, Arthur L.; Friedberg, Ira S. (2010). Paper Money of the United States: A Complete Illustrated Guide With Valuations (19th ed.). Coin & Currency Institute. ISBN978-0-87184-519-1.
Huntoon, Peter W. (1995). United States Large Size National Bank Notes. Society of Paper Money Collectors, Inc. ISBN0-9648774-1-4.
Annual Report of the Comptroller of the Currency (OCC) (Report). Office of the Comptroller of the Currency. 1876. Retrieved 14 May 2014.
Wikimedia Commons has media related to National Gold Bank Notes.
About Paper Money - Large-size paper money - Early federal issues Coin World
Pictures of National Gold Bank Notes The Federal Reserve Bank of San Francisco
April 15, 2024
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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 1 A 1 000 note was designed and printed but never issued 2 During the issuing period of national gold banks 1871 83 the U S Treasury issued 200 558 notes 3 totaling 3 465 240 1 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 nb 1 Approximately 630 National Gold Bank Notes are known to exist and roughly 20 grade above very fine 4 National Gold Bank Note United States Of America Value 5 10 20 50 100 and 500Security featuresNoneYears of printing1870 1875ObverseDesignVariousDesign date1870sReverseDesignOrnamental with an array of United States gold coinsDesign date1870s Contents 1 History 2 Issuing banks 3 Series overview 4 Footnotes 5 Notes 6 References 7 External linksHistory editThe National Gold Bank Notes were authorized under the provisions of the Currency Act of July 12 1870 5 The series was a result of the California Gold Rush where gold coins were preferred in commerce 6 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 7 Issuing banks editIssuers of National Gold Bank Notes 8 Title City Charter Date 9 Denominations Total issueThe Kidder National Gold Bank nb 2 Boston 1699 15 Aug 1870 50 100 500 1000 11 120 000 12 The First National Gold Bank San Francisco 1741 30 Nov 1870 5 10 20 50 100 500 11 1 185 000 12 The National Gold Bank and Trust Company San Francisco 1994 3 Jun 1872 5 10 20 50 100 500 13 853 750 12 The National Gold Bank of D O Mills amp Co Sacramento 2014 19 Jul 1872 5 10 20 50 100 500 13 270 450 12 The First National Gold Bank Stockton 2077 27 Jan 1873 5 10 20 50 100 13 414 700 12 The First National Gold Bank Santa Barbara 2104 7 May 1873 5 10 50 100 14 80 000 12 The Farmers National Gold Bank San Jose 2158 21 Jul 1874 5 10 20 50 100 14 242 590 3 The First National Gold Bank Petaluma 2193 25 Sep 1874 10 20 50 100 14 178 150 3 The First National Gold Bank Oakland 2248 10 Apr 1875 10 20 14 80 600 3 The Union National Gold Bank Oakland 2266 20 May 1875 10 20 50 100 14 40 000 3 Series overview editComplete type set of known denominations 8 Value Image Plate dates Signatures nb 3 Remarks nb 4 5 nbsp 1870 1872 1873 1874 Edwin D Morgan cashier andRalph C Woolworth president 15 427 reported 10 nbsp 1870 1872 1873 1874 1875 Galen M Fisher cashier andBenjamin F Ferris president 16 117 reported 20 nbsp 1870 1872 1873 1874 1875 Edwin D Morgan cashier andRalph C Woolworth president 15 71 reported 50 nbsp 1870 1874 Edwin D Morgan cashier andRalph C Woolworth president 15 7 reported 17 100 nbsp 1870 1873 1874 1875 Henry H Atwater cashier andIssac G Wickersham president 18 9 reported 19 500 None known 1870 1872 Unknown nb 5 1 000 None known 1870 Not issued nb 6 Footnotes edit Any National Gold Bank Note in crisp new condition is practically unheard of and is an outstanding rarity The general condition in which these notes are found is one of advanced circulation and notes in very fine or better condition are extremely rare 2 The Kidder National Gold Bank ordered 250 notes which were returned in full to the comptroller of the currency s office 10 On the notes illustrated All population and issuance statistics cited are attributed to the National Bank Note Census and were retrieved mid May 2014 4 500 National Gold Bank Notes were issued by only three banks Four notes have not been redeemed but to date none have been reported 19 The 1 000 National Gold Bank Note was not circulated Notes edit a b Zerbe Farran 1898 National Gold Bank Notes The Numismatist 30 1 The American Numismatic Association 158 Retrieved 27 May 2014 a b Friedberg amp Friedberg 2010 p 160 a b c d e Huntoon 1996 p 126 a b The National Bank Note Census The National Currency Foundation Retrieved 13 May 2014 a href Template Cite journal html title Template Cite journal cite journal a Cite journal requires journal help Collecting National Gold Bank Notes www numismaster com National Gold Bank Notes www hokanson coins com Retrieved 2012 06 05 About Paper Money Large size paper money Early federal issues Coin World a b Friedberg amp Friedberg pp 160 63 Huntoon 1996 p 121 Huntoon 1996 p 118 a b Huntoon 1996 p 122 a b c d e f Huntoon 1996 p 125 a b c Huntoon 1996 p 123 a b c d e Huntoon 1996 p 124 a b c Annual Report of the Comptroller of the Currency Report Office of the Comptroller of the Currency 1879 p 750 Retrieved 14 May 2014 Annual Report of the Comptroller of the Currency Report Office of the Comptroller of the Currency 1876 p 756 Retrieved 14 May 2014 Friedberg amp Friedberg 2010 p 162 Annual Report of the Comptroller of the Currency Report Office of the Comptroller of the Currency 1879 p 749 Retrieved 14 May 2014 a b Friedberg amp Friedberg 2010 p 163References editFriedberg Arthur L Friedberg Ira S 2010 Paper Money of the United States A Complete Illustrated Guide With Valuations 19th ed Coin amp Currency Institute ISBN 978 0 87184 519 1 Huntoon Peter W 1995 United States Large Size National Bank Notes Society of Paper Money Collectors Inc ISBN 0 9648774 1 4 Annual Report of the Comptroller of the Currency OCC Report Office of the Comptroller of the Currency 1876 Retrieved 14 May 2014 External links edit nbsp Money portal nbsp Numismatics portal nbsp United States portal nbsp Wikimedia Commons has media related to National Gold Bank Notes About Paper Money Large size paper money Early federal issues Coin World Pictures of National Gold Bank Notes The Federal Reserve Bank of San Francisco Retrieved from https en wikipedia org w index php title National Gold Bank Note amp oldid 1164912690, wikipedia, wiki, 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