$5 1870 National Gold Bank Note Fr. 1136 San Francisco # 1741 PMG Fine15 PRISTINE

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$5 1870 National Gold Bank Note Fr. 1136 San Francisco # 1741 PMG Fine15 PRISTINE
$5 1870 National Gold Bank Note Fr. 1136 San Francisco # 1741 PMG Fine15 PRISTINE

$5 1870 National Gold Bank Note Fr. 1136 San Francisco # 1741 PMG Fine15 PRISTINE
Prices–and that is in those select times they are rarely available. These National Gold Bank Notes are some of the most iconic National Banknotes available and also a type as a whole. Even more challenging is locating problem free offerings on this design as most have been restored at some point. This note has been spared that fate and retains fully problem free paper for the assigned grade. Near Very Fine quality and still strong overprints and particularly nice detail of the array of gold coins depicted at back. Please compare–See Greensheet and CPG price guides –these prices get lofty when the Note is original without Restoration notes. Save much from recent prior sales and own a trophy note from the California Gold rush days—1870’s! The GreenSheet and other pricing guides— nationally and industry used Currency pricing guides lists the true F grade as higher and that’s when you can find one not conserved. This note has great color–and is one of the higher graded and the reverse has definition of coins that make these notes so unique. The overall Note has good contrast. With good body, color and signatures, and no flaws of any kind really worthy of mention other than some professional restored edge tears—after all–this is a Note from 1870!! This note is completely. And bright for the grade, the coin vignette on the back is clear and unmolested, and referred on reverse with no restoration comments by PMG. Note from the California Gold rush days! The National Gold bank notes of California were first issued under the act of July 12, 1870. The act allowed for nine gold banks in California and one in Boston (which never released any notes) to issue national bank notes redeemable in gold coin. The purpose was to facilitate commerce and banking in California as gold coins were becoming cumbersome for banking–particularly in the large quantities which had become common as a result of the booming commerce and economy in California. The notes were designed to imitate gold bullion and gold coins to encourage circulation. The paper has a distinctly yellowish tone and the design of the back features United States gold coin in multiple denominations indicating to those previously unfamiliar with paper currency or hesitant to accept it, that the note was backed by gold—hard currency. National Gold Bank notes are all heavily circulated and with little regard to preservation, leaving a very few examples above the grade of Fine–regardless of the denomination. The rarity of the notes increases significantly as the denomination increases. The census and population reports from PMG and PCGS reflect that data. We have several new fresh National Gold Notes into inventory—some are finest known–Please see our other auctions. However, we know where a few can be found. See our other Sacramento, San Jose, Petaluma National Gold Notes—some are finest known. PNG, Life ANA Member and PMG/NGC long time Charter member. This Choice Fine15 is an is an impressive example of this coveted series& shows very light and even circulation, making for poignant detail at this grade level. These National Gold Bank Notes are some of the most prized and collectible Federal currency types and are rarely offered in this condition and price. These overprints remain exceptionally bright as well as bold primary design features and penned signatures. The important back shows a departure of the original series vignette of DeSoto Discovering the Mississippi for a more appropriate pile of contemporary Gold Coins. The coin vignette is very important as the detailed engraving is more visible on this note than most V-VF grades. This note has the look of a VF and is terrific value. These issues were backed by gold and traded on par with gold coins. As such, they circulated freely in California, but were not typically issued elsewhere. Again, this is one of the nicest Fine 15 National Gold Bank Notes most collectors will ever have the opportunity to own. The obverse shows vivid red overprints are in their same locations with the red spiked Treasury Seal at right. Engraved signatures of Allison and Spinner are seen at center while penned bank officers’ signatures are at lower left and right. This is the nicest original F15 I have seen and sure looks VF to us. One of the most noted features of these notes is always the gold coin vignette that covers the reverse. It is often well worn with heavy folds distracting from the near photographic detail of the engraving. You can clearly see, this is not the case here as the back vignette is uninterrupted and retains great detail. The face displays a deep impression of bold inks. Again—Red overprints on Obverse are brilliant in color and just very moderate circulation is exhibited with solid edges and paper structure. This is a potential upgrade IMOP. This is a good barometer to measure values & grades on this highly collectible series. The item “$5 1870 National Gold Bank Note Fr. 1136 San Francisco # 1741 PMG Fine15 PRISTINE” is in sale since Wednesday, April 17, 2019. This item is in the category “Coins & Paper Money\Paper Money\ US\National Banknotes”. The seller is “southbeachartdeco1″ and is located in Miami Beach, Florida. This item can be shipped to United States.
  • Modified Item: No
  • Country/Region of Manufacture: United States
  • Certification Number: 1234
  • Certification: PMG
  • Grade: VF 15
  • Type: National Gold Bank Note
  • Circulated/Uncirculated: Circulated
  • Denomination: $5
  • Grade Designation: VF 15

$5 1870 National Gold Bank Note Fr. 1136 San Francisco # 1741 PMG Fine15 PRISTINE

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