American National Bank of Monrovia
American National Bank of Monrovia
large size $10
This specimen was lot 17908 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $3,680. The catalog description[1] noted, "Monrovia, CA - $10 1902 Date Back Fr. 616 The American NB Ch. # (P)7705, As we noted when we sold this note in the Colver collection sale, 'Modern bank managers must have gone to school here, because this bank ran through three issuing titles in just over twenty years.' Only two notes are known with this title, and Charley Colver had both of them. Now one is here and the other off the market and in very strong hands. It may be a long wait until the next opportunity to add an example with this title comes around. About Fine. Ex-Charles Colver collection sale, lot 1887." This note was offered again as lot 20675 in Heritage auction 3567 (Long Beach, CA, September 2018), where it sold for $2,640.
large size $20
This specimen was lot 20328 in Heritage auction 3574 (Long Beach, CA, September 2019), where it sold for $1,800. The catalog description[1] noted,
"One of Two Notes Known with this Title Monrovia, CA - $20 1902 Date Back Fr. 642 The American NB Ch. # (P)7705 PMG Very Fine 25. As we noted when we sold this note in the Colver collection sale in 1999, "Modern bank managers must have gone to school here, because this bank ran through three issuing titles in just over twenty years." Only two notes are known with this title with this piece last on the market in that 1999 auction. It may be a long wait until the next opportunity to add an example bearing this title presents itself. This is a crisp, mid-grade example with just a negligible internal tear."
The National Bank of Monrovia
large size $10, plain back
This specimen was lot 20368 in Heritage auction 3563 (Chicago, April 2018), where it sold for $3,120. The catalog description[1] noted,
"Monrovia, CA - $10 1902 Plain Back Fr. 632 The NB of Monrovia Ch. # (P)7705. Modern bank managers must have gone to school here, because this large-only bank ran through three issuing titles in just over twenty years before this Los Angeles County charter liquidated in 1927. Just three notes are known with this, the second title, out of less than a dozen pieces reported for all three titles combined. Pleasing evenly circulated PMG Very Fine 25, the only example of this title to cross the auction block in almost fifteen years."
large size $20
This specimen was lot 17909 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $3,680. The catalog description[1] noted, "Monrovia, CA - $20 1902 Plain Back Fr. 658 The NB of Monrovia Ch. # (P)7705. Two examples are known with this title, used here for only eight years between 1916 and 1924. Again, with the Colver example now history, this may be the last opportunity for years to obtain any example with this title at any price. Fine, with a bit of soil on the back that affects nothing." This specimen was subsequently lot 20329 in Heritage auction 3574 (Long Beach, CA, September 2019), where it sold for $1,440.
First National Bank of Monrovia
This specimen was lot 17910 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,955. The catalog description[1] noted, "Monrovia, CA - $5 1902 Plain Back Fr. 606 First NB Ch. # 7705. The last title used here, and the most "common," as the census shows all of four pieces recorded bearing this nomenclature. Very Good-Fine."
Link to:
- return to National Bank Notes of Los Angeles County, California
- see National Bank Notes of California for a complete list by charter number