Ornamental with an array of United States gold coins
National Gold Bank Notes were banknotes that were redeemable for gold in the 1870s.1 National gold bank notes came in $5, $10, $20, $50, $100, and $500. There were 1,000-dollar notes but they were not released for circulation.2 Today, all are very rare and in the higher grades and denominations many are unknown to even exist now. Most notes show excessive wear with none known in uncirculated condition for the whole series.
The National Gold Bank Notes were authorized under the provisions of the Currency Act of July 12, 1870.3 The series was a result of the California Gold Rush where gold coins were preferered in commerce.4 Ten National Gold banks were charted, nine of them in California and one from The Kiddler National Gold Bank of Boston in Boston, Massachusetts. The Kiddler Bank was the only bank to have $1,000 notes among others prepared however, no notes circulated from the bank.5