2017-05-20 Sat

A total of $32,576,612 USD worth of U.S. coins, currency and World currency was sold by Heritage Auctions at the 78th annual Central States Numismatic Society (CSNS) convention that happened last month.

Rare National Gold Bank Notes from California authorised by the Currency Act of 1870, which established 10 national gold banks were also sold at the event. These banks issued gold notes to manage the 19th-century flow of gold. 200,558 National Gold Bank Notes were issued between 1871 and 1883, out of which only 630 still exist. 30 of them, belonging to the Eureka Collection of National Gold Bank Notes were offered at the auction. Some of them were the last specimens of their respective banks.

An Oakland $100 Original National Gold Bank Note from the Union National Gold Bank of Oakland, California was one of three specimens offered. Only nine examples of this type are known and only one from Oakland exists. The note has entered the market after the year 1945. Graded Fine 12, with minor restoration work, the banknote sold for an impressive $235,000.00