National Gold Bank Notes were

National Bank Note National Bank Notes were United States currency banknotes issued by National Banks chartered by the United States Government. The notes were usually backed by United States bonds the bank deposited with the United States Treasury. In addition, ...

s 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 Note, notes, or NOTE may refer to: Music and entertainment * Musical note, a pitched sound (or a symbol for a sound) in music * ''Notes'' (album), a 1987 album by Paul Bley and Paul Motian * ''Notes'', a common (yet unofficial) shortened version ...

was designed and printed but never issued.Friedberg & Friedberg, 2010, p. 160. During the issuing period of national gold banks (1871–83), the

U.S. Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and t ...

issued 200,558 notesHuntoon, 1996, p. 126. totaling $3,465,240. Today, National Gold Bank Notes are rare in the higher denominations (and unknown on some issuing banks) 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 California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the m ...

and one in

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

, Massachusetts. The Kiddler Bank was the only bank to have $1,000 notes among others prepared, however, no notes circulated from the bank.About Paper Money - Large-size paper money - Early federal issues
Coin World

Issuing banks

Series overview

Footnotes

Notes

References

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External links

About Paper Money - Large-size paper money - Early federal issues
Coin World

The Federal Reserve Bank of San Francisco {{Money and central banking within the contemporary United States (pre–1913) Banknotes of the United States Historical currencies of the United States 1870s in California 1880s in California Economy of California