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The Reno National Bank Stock Certificate (117573)

Currency:USD Category:Coins & Paper Money Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
The Reno National Bank Stock Certificate  (117573)
SOLD
375.00USD+ (93.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Jun 28 @ 15:22UTC-7 : PDT/MST
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Incorp. Reno, Nev 1906. #894, I/U, 30 shares @ $100 par issued Sept 1926. Silver embossed seal, no vignette, no border color, printed on white, note attached of Judicial Order to distribute shares. Extremely rare. Many famous bank notes issued by this bank. VF+

George Wingfield had made his mark in the gold booms of Tonopah and Goldfield, and with his partner, U.S. Senator George Nixon, had established a financial and mining empire. In 1908, the two men moved to Reno, where Wingfield invested his money in livestock, hotels, real estate, and a chain of twelve banks. The Reno National Bank was the only financial institution he constructed. In addition, Wingfield maintained his personal offices and headquarters on the building’s second floor, widely known as “the cave.” Following the 1929 stock market crash, Wingfield made every effort to support and bolster the troubled local cattle industry. By October of 1932, he had overextended the limits of his banking chain, a “banking holiday” was declared, and his banks were closed. Wingfield was forced into bankruptcy in 1935, recovered in subsequent years, and enjoyed financial, political, and social affluence until his death in 1959.

Provenance:
Country (if not USA):
State: Nevada
City/County: Reno
Date: 1926