1875 National Gold Bank Note Fr.1150 Petaluma # 2193 7 known, Extremely rare

Description

RAREST NATIONAL BANK GOLD NOTE ANYWHERE---And Best Priced
1875 Petaluma National Gold Bank Note Fr. 1150 - Charter #2193--serial number 70
4-6 Known in any condition--Extremely Rare--6000  issued---a survival rate of 1 out of 850! Silly Cheap---zero others for sale less than 5-6 figures---This is a classic type rarest of series...REDUCED! Check any Comps---This is a museum item-looks awful from afar--but check out comps. This is a candidate for professional; conservation-(or not)--
National Gold Bank notes are multiple times scarcer than ---San Francisco notes--being most common---Petaluma is the most considered, sacred and regarded and rarest of the Banks from this era of the 1870's. And yes, as we own many finest known currency--our precious Petaluma is most likely worst known---However, try to find and or buy another one----nearly impossible.
The First National Gold Bank Of Petaluma
in California. These notes were issued during the glory days of the wild wild golden west---The California Gold rush.
Each bill was pen signed by the president and cashier of the Bank as our note and are clear and visible still with some red punch color and clear signatures.  Small Northern California Gold towns like Petaluma along with large cities both issued these notes. But only 7 known notes from this Bank exists today.
PMG has graded just 3 of these Petaluma notes. The last Petaluma that sold at auction as a VG 8--was well over ,000--They only become available every few years....
Highly
collectible.
These notes were authorized by the
Currency Act of 1870
, which established 10 national gold banks that issued gold notes in order to better handle the 19th-century ebb and flow of gold into California’s economy.
Recent census shows there were only 120 total known NGBN  from all 10 Banks--this is a di minumus survival rate of approximately 1 out of several
hundred
!  Most all NGBN 's typically show the same issues as their counterparts and are in lower
technical
grades---They are from 1870's.
There is a reported dozen 7 Petaluma found in the census of Petaluma National Gold Bank Notes. These rarely come up for Sale as is the case for just about all of the higher
denomination
Gold Bank notes outside of San Francisco.
Make an offer. Save much from recent prior sales and own a trophy note from the California Gold rush days---1870's!
The currency pricing guides---lists the  VG grade at ,000-,000 range--MOST TRADE HIGHER--CHECK AUCTION RECORDS
This note actually good color for its grade--ditto signatures.  The overall Note has good contrast
with good body, color and very visible signatures---a note from 1875! It has the typical restoration--splits and some adhesive as noted...professionally conserved and graded--Trust the holder...
The National Gold bank notes of California were first issued under the act of July 12, 1870. The act created nine gold banks in California and one in Boston (which-
surprisingly
- never released any notes) to issue national bank notes redeemable in gold coin. The purpose was to stimulate commerce and banking in California as gold coins were becoming cumbersome and inconsistent supplies for banking--particularly in the large quantities which had become common as a result of the increased 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. The general public was used to receiving hard metal currency payment in the form of gold coin or gold dust or silver equivalent. It was not surprising there was a natural hesitancy and resistance to accept paper money--while the Banks printed the central image on the reverse was specifically designed to allay any fears.
As such, these notes circulated freely in California, but were not typically issued elsewhere.
National Gold Bank notes are all heavily circulated and with little regard to preservation, leaving only a very few examples above the grade of Fine--regardless of the denomination.
The rarity of these notes increases significantly as the denomination increases. Although there are precious few five dollar national gold bank notes--- the census drops significantly when the denomination increases to the & and rarely if ever seen at the -0 levels.The census for NGBN takes a further nose dive at the denomination with only a few dozen known for all banks combined.
Check out our other auctions and our 20++ year 100% AAA Selling record on Ebay. Call with questions  305 975 1086
for any additional information---No refunds-- and no pay pal--due to higher balance sale and pick up at local approved dealer or show---items shipped upon receipt of good funds to seller. PNG, Life ANA Member and PMG/NGC long time Charter member.
See our new offerings on ultra high denomination currency in PCGS or NGC Gold - Gold...& Platinum...Wanted to buy and make a market---1928/1934 --  0--00--00 and 000 and any PMG EPQ notes.
NPA Associates.....We are PNG---Life ANA and CDN members and decades' active buyers in this market place--No refunds--These are 3rd party graded notes--We have a 100% selling and buying record on Ebay for going on 20 years.305 975 1086