National Gold Bank Note


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. A $1,000 note was designed and printed but never issued. During the issuing period of national gold banks, the U.S. Treasury issued 200,558 notes totaling $3,465,240. Today, National Gold Bank Notes are rare in the higher denominations with condition generally falling in the good-to-fine range. Approximately 630 National Gold Bank Notes are known to exist, and roughly 20 grade above "very fine".

History

The National Gold Bank Notes were authorized under the provisions of the Currency Act of July 12, 1870. The series was a result of the California Gold Rush, where gold coins were preferred in commerce. Ten national gold banks were charted, nine of them in California and one in Boston, Massachusetts.
The Kiddler Bank was the only bank to have $1,000 notes among others prepared, however, no notes circulated from the bank.

Issuing banks

Series overview

ValueImagePlate datesSignaturesRemarks
$51870, 1872, 1873, 1874 and
427 reported
$101870, 1872, 1873, 1874, 1875 and
117 reported
$201870, 1872, 1873, 1874, 1875Edwin D. Morgan and
Ralph C. Woolworth 		71 reported
$501870, 1874Edwin D. Morgan and
Ralph C. Woolworth 		7 reported
$1001870, 1873, 1874, 1875 and
9 reported
$500None known1870, 1872Unknown
$1,000None known1870Not issued

Footnotes