3483

Dunbar's California Bank Notes, Possibly the ONLY Remaining Uncut Sheet [135363]

Currency:USD Category:Coins & Paper Money Start Price:350.00 USD Estimated At:700.00 - 1,000.00 USD
Dunbar's California Bank Notes,  Possibly the ONLY Remaining Uncut Sheet  [135363]
SOLD
375.00USD+ (93.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 May 15 @ 15:56UTC-7 : PDT/MST
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VERY EARLY GOLD RUSH! Dunbar established this bank in San Francisco in 1850, where he redeemed at par the gold coins of Baldwin & Co. In 1851. In 1851 Dunbar began issuing his own gold coins. Kagin says ìDunbar probably stopped issuing his coins sometime in April or May and decided to lie low until some of the adverse publicity concerning all private gold coins had blown over. Evidently things did not improve and Dunbar headed for New York and ultimately teamed up with a new currency manufacturing scheme in the form of the Continental Bank Note Company, which later merged with the American Bank Note Companyî [Kagin, 1981, 113]. This uncut sheet shows some signs of its age (wrinkles, slight discoloration), but overall is in great shape. Well worth framing.

Date: 1850
Country (if not USA):
State: California
City: San Francisco
Provenance: