National Gold Bank Note

History

National Gold Bank Notes were banknotes that were redeemable for gold in the 1870s.^[1] 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 as a result of the California Gold Rush with one series coming from The Kiddler National Gold Bank of Boston in Boston, however no notes circulated from that bank.^[2]

Series overview

Series[3]	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.

References

1. ^ American Currency Exhibit: Metal Standards: National Gold Bank & Treasury Coin Notes The Federal Reserve Bank of San Francisco
2. ^ About Paper Money - Large-size paper money - Early federal issues Coin World
3. ^ An Official Whitman Guidebook, United States Currency (Whitman) p113 - 116

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