$5 1870 National Gold Bank Note San Francisco, CA Ch# 1741 PCGS Very Fine 25

A very high grade $5 San Francisco National Gold Bank Note which easily falls into the top 10% of those graded to date by PCGS. There are a couple of very minor repairs noted on the holder, but the all important gold coin vignette is clear and sharp and the colors are excellent for the grade. The highest graded by any service is a 50 which approached $50k at prior public sales. This note looks better than its assigned grade and as these rarely come this nice, we're ecstatic to have recently acquired it. The National Gold Bank and Trust Company of San Francisco was one of the short lived gold banks in the Bay area. It was chartered in June of 1872 and was liquidated by September of 1879. It was one of the three charters in California that issued $500 National Gold Bank Notes. Today, no $500s are known from this institution, with this bank by far the scarcer of San Francisco's two issuing Gold Banks. A total of 26 pieces are listed in the most recent census, evenly divided between $5 and $10 examples.
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