Focus on a Special National Bank Note

Bank Notes and a particularly rare example are the focus of this week’s
message. Beginning in 1864 over 10,000 National Banks issued large-size federal
notes with their imprints—from Alaska and Hawaii to Maine and Florida.
Showcased today is a splendid highlight from the Joel R. Anderson
Collection—the  finest of just four Series of 1902 Uncirculated $100 notes
certified by PCGS. And it is from the West, no less—from Los Angeles,
California. Across the board of all denominations, Western National Bank Notes
are multiples rarer than are those from the East.

printed catalog of the Anderson Collection sale is now being distributed, and
in addition complete information is available at As the sale
date approaches, excitement continues to build. The venue will be the
ever-popular Whitman Coin & Collectibles Expo in Baltimore on Thursday
evening, February 28th. You are cordially invited to attend this dynamic show
and view the Anderson notes in person as well as see the many other coins,
tokens, medals, and paper money in our multiple auction sales. We have been the
official auctioneer of the Expo since day one. In addition to the Joel R.
Anderson Collection, currency is offered in the Caine Collection (rare federal
proof notes) and in another catalog. The net result is that if you are at all
interested in paper money, this is the place to be. There are many buying

As to
the Joel R. Anderson Collection sale, you are invited to attend  as it
takes place, as a bidder or as an observer to see numismatic history as it is
being made. Alternatively, you can view the notes on our Internet site and
participate in the sale in real time as a bidder. Every note is among the very
finest of its kind and some offer a unique opportunity,  as
here.  Below is our catalog description:


Very Choice Los Angeles $100 Plain Back

4052. Los Angeles, California. $100 1902 Plain Back. Friedberg 707 (W-3593).
The Pacific NB. Charter #12454. PCGS Currency Very Choice New 64 PPQ.

portrait of John J. Knox appears at the left end of this exemplary $100 Plain
Back from the Pacific National Bank of Los Angeles. Knox served as comptroller
of the currency from 1872-1884 and was the architect of the Coinage Act of 1873
which discontinued the silver dollar, altered the weights of dimes, quarters
and half dollars and created the trade dollar.

blue overprints are found across the face, including the scalloped Treasury
Seal to the lower right and single-digit serial number 7 printed at lower left
and upper right. Bold hand-signed signatures of bank officers DeLong and Smith
are along the bottom edge of the design. The back is printed in vibrant green
and displays an eagle perched upon a patriotic shield at center flanked by
flags and allegorical figures.

grade Series of 1902 $100s are difficult to find in any form. PCGS Currency has
graded just four $100 Plain Backs as Uncirculated with the present note being
the finest example they have certified for the catalog number. This is a
wonderful representative of the type and should have broad appeal to both type
note and National Bank Note collectors.

 1, none finer.

Hickman Auctions’ sale of March 1990, lot 241; Lyn Knight’s sale of June 1997,
lot 245.


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