Dec 5, 2023 10:00 EST
Coins, Bank Notes, Stamps & Collectibles
1107
Colombia Philip IV (1628-65) 2 Escudos Fr. 2
Estate / Collection: Property from The Estate of Donald D. MacDermid Sold to Benefit The American School In Switzerland (TASIS)
Attractive example with good centering and nice details, graded Almost Uncirculated 53 and encapsulated by NGC.
NGC AU53
Sold for $2,722
Estimated at $900 - $1,200
Includes Buyer's Premium
Estate / Collection: Property from The Estate of Donald D. MacDermid Sold to Benefit The American School In Switzerland (TASIS)
Attractive example with good centering and nice details, graded Almost Uncirculated 53 and encapsulated by NGC.
NGC AU53
Auction: Coins, Bank Notes, Stamps & Collectibles, Dec 5, 2023
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Successful Auction of Coins, Bank Notes, Stamps & Collectibles on December 5, 2023
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Discovery National Bank Note from California Achieves $51,425
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Sale Total Exceeds Expectations Amid Competitive Bidding
NEW YORK, NY – Doyle's auction of Coins, Bank Notes, Stamps & Collectibles on December 5, 2023 saw competitive bidding drive strong prices and a sale total that surpassed expectations. Bidders vied for U.S. and World rarities from collections in the New York area and other regions of the country.
Discovery Note from The West Hollywood National Bank of Crescent Heights
Highlighting the sale was an important discovery note -- the ONLY KNOWN National Bank note from The West Hollywood National Bank of Crescent Heights, California, Charter 11880. Determined bidders from coast to coast drove this unique note over its estimate to realize $51,425.
This exciting discovery note bears the serial number 1485 and is boldly signed by the bank president Geo B. Mauser. For almost 100 years, the note has been safely sequestered away by the daughter of the president and had never changed hands until the recent auction. Clean and crisp paper, with a few barely noticeable handling marks, the note is of high quality and near Uncirculated.
Crescent Heights is an affluent neighborhood of West Hollywood in Los Angeles county. The bank charter was formed in 1924 under the supervision of the Federal Reserve. A total of approximately $65,580 worth of $10 notes were issued. The bank closed in 1926 and was absorbed by Pacific Southwest Trust & Savings Bank of Los Angeles, at which time there were approximately 2300 notes outstanding. What happened to these remaining notes is unclear. This note, serial number 1485, is the only known example from this elusive Charter.
We Invite You to Auction!
Consignments are currently being accepted for future auctions. We invite you to contact us for a complimentary auction evaluation. Our Specialists are always available to discuss the sale of a single item or an entire collection.
For information, please contact Norman Scrivener, 212-427-4141, ext 273, Coins@Doyle.com
