Fr. 1158 $20 1875 GBN Allison-Spinner (1st) Only Seven Known

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National Bank Notes > California

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Oakland, First National Gold Bank, 2248
Fr. 1158 $20 1875 GBN
Grade: VG    

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The First National Gold Bank of Oakland is one of only 1,600 notes printed. There are seven surviving notes, but probably the best example (D810699-1330), in Fine or better, was stolen. This example has the lowest serial #58. This note previously sold in a Heritage sale, Lot 647, where it was described as, "Oakland is the single rarest location of the National Gold Bank Notes issuers, with survivors from this bank just about evenly divided between $10 and $20 examples. After several offerings in 1991, not a single Oakland example has come to the market since, making this the longest period since the 1950s without collectors even having one chance to obtain any Oakland National Gold Bank Notes at public sale. This drought is now ended with the reappearance of this attractive piece, which has a long pedigree stretching back to a B. Max Mehl sale in 1944, and later residing in the collection of Amon Carter, Jr. Walter Herget obtained this piece from Dean Oakes in late 1991. The edges have been strengthened and a few splits quite deftly closed, but the note is otherwise untouched, and displays excellent color and body for the grade. A great opportunity to obtain a truly rare note."

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