National Gold Bank Note
Encyclopedia
History
National Gold Bank Notes were banknoteBanknote
A banknote is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. In addition to coins, banknotes make up the cash or bearer forms of all modern fiat money...
s that were redeemable for gold in the 1870s. National gold bank notes came in $5, $10, $20, $50, $100, $500, $1,000, and $5,000. Today, all are very rare and in the higher grades and denominations many are unknown to even exist now. Most notes show excessive wear with none known in uncirculated condition for the whole series. Most of the notes came from banks in California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
as a result of the California Gold Rush
California Gold Rush
The California Gold Rush began on January 24, 1848, when gold was found by James W. Marshall at Sutter's Mill in Coloma, California. The first to hear confirmed information of the gold rush were the people in Oregon, the Sandwich Islands , and Latin America, who were the first to start flocking to...
with one series coming from The Kiddler National Gold Bank of Boston in Boston, however no notes circulated from that bank.
Series overview
| Series | Denominations | Remarks |
|---|---|---|
| 1870 | $5, $10, $20, $50, $100 | All were issued by the first national gold bank located in San Francisco. |
| 1872 | $5, $10, $20 | These notes were issued by two banks: National Gold Bank & Trust Co., and National Gold Bank of D.O. Mills. No $20 notes from the former have been reported. |
| 1873 | $5, $10, $20, $100 | All were issued by The "First National Gold Bank" in various cities in California. |
| 1874 | $5, $10, $20, $50, $100 | Issued by: Farmer's National Gold Bank, National Gold bank, and First National Gold Bank. |
| 1875 | $10. $20, $100 | This was the last year for National Gold Bank Notes. |
- $500 National Gold bank notes were issued by only 3 banks. Four notes have not been redeemed but to date none have been reported to exist.
- $1,000 and $5,000 National Gold bank notes today are not known to exist.
External links
- 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