National Gold Bank Note

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Template:Infobox banknote 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]

History

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]

Issuing banks

Issuers of National Gold Bank Notes[8]
Title City Charter Date[9] Denominations Total issue
The 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 & 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

Complete type set of known denominations[8]
Value Image Plate dates Signatures[nb 3] Remarks[nb 4]
$5 alt1=$5 National Gold Bank Note, The First National Gold Bank of San Francisco 1870, 1872, 1873, 1874 Edwin D. Morgan (cashier) and
Ralph C. Woolworth (president)[15] 		427 reported
$10 alt1=$10 National Gold Bank Note, The First National Gold Bank of Oakland 1870, 1872, 1873, 1874, 1875 Galen M. Fisher (cashier) and
Benjamin F. Ferris (president)[16] 		117 reported
$20 alt1=$20 National Gold Bank Note, The First National Gold Bank of San Francisco 1870, 1872, 1873, 1874, 1875 Edwin D. Morgan (cashier) and
Ralph C. Woolworth (president)[15] 		71 reported
$50 alt1=$50 National Gold Bank Note, The First National Gold Bank of San Francisco 1870, 1874 Edwin D. Morgan (cashier) and
Ralph C. Woolworth (president)[15] 		7 reported[17]
$100 alt1=$100 National Gold Bank Note, The First National Gold Bank of Petaluma 1870, 1873, 1874, 1875 Henry H. Atwater (cashier) and
Issac 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

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Notes

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References

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External links

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Template:Obsolete U.S. currency and coinage Template:Money and central banking within the contemporary United States (pre–1913)

  1. ↑ a b Script error: No such module "Citation/CS1".
  2. ↑ a b Friedberg & Friedberg, 2010, p. 160.
  3. ↑ a b c d e Huntoon, 1996, p. 126.
  4. ↑ a b Script error: No such module "Citation/CS1".
  5. ↑ Script error: No such module "citation/CS1".
  6. ↑ Script error: No such module "citation/CS1".
  7. ↑ About Paper Money - Large-size paper money - Early federal issues Coin World
  8. ↑ a b Friedberg & Friedberg, pp. 160–63.
  9. ↑ Huntoon, 1996, p. 121.
  10. ↑ Huntoon, 1996, p. 118.
  11. ↑ a b Huntoon, 1996, p. 122.
  12. ↑ a b c d e f Huntoon, 1996, p. 125.
  13. ↑ a b c Huntoon, 1996, p. 123.
  14. ↑ a b c d e Huntoon, 1996, p. 124.
  15. ↑ a b c Template:Cite report
  16. ↑ Template:Cite report
  17. ↑ Friedberg & Friedberg, 2010, p. 162
  18. ↑ Template:Cite report
  19. ↑ a b Friedberg & Friedberg, 2010, p. 163


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