1870年5美元纸钞 PMG XF 40

1870年5美元纸钞 PMG XF 40

Fr. 1136. San Francisco, California. 1870 $5 National Gold Bank Note. The First National Gold Bank of San Francisco. Charter #1741. PMG Extremely Fine 40 EPQ.，As a highlight of our offering of the fabulous Vanderbilt Collection of United States Currency, we are delighted to present the finest National Gold Bank Note graded by PMG, of <em>any denomination</em>. We have had the distinct pleasure of selling this note before, as part of the fabulous Herman Halpern Collection when, in March 1993, it entered the present collection. It has been off the market since that time. In the interim, third party grading of paper money has become well established, and with this has come a new type of collector, one who seeks the very best technical grade. This is the note to fill that need in a series where high quality is very challenging indeed.

This note is bright with obviously strong body and an appealing freshness that illustrates the distinctive light golden color of the paper used for these issues. The face vignettes are sharp, and the penned signatures clear. The red ink of the overprinted charter, serials and Treasury seal is vivid. One of the most noted features of these issues is always the gold coin vignette that graces the back. It is often well worn, but here it is boldly printed and beautifully preserved, with clear features throughout. This piece is nicely centered on both sides, fairly well margined for the issue, and noted on the PMG holder to have excellent color and embossing in addition to the EPQ designation.

The National Gold Bank notes were authorized by Congress in 1870 to allow for circulating paper money in California, which was largely a gold-based economy that did not accept the usual National Bank notes except at a discount. These issues were backed by gold and traded on par with gold coins. As such, they circulated freely in California, but were little known elsewhere. Today the relatively few that survive tend to be well worn, generally graded Very Good to Fine in most cases, this being the situation for all denominations. A high-grade Very Fine is a rarity, and this note is unique in the PMG records among all National Gold Bank Notes as an Extremely Fine. No examples from any of the Gold Banks have ever graded above EF at either major service. <p>，From the A.J. Vanderbilt Collection. Earlier from Dean Oakes 1978 Fixed Price List; Herman Halpern Collection, Stacks, May 1992, lot 1166; Stacks, March 1993, lot 495.，