Commercial National Bank of Santa Ana, California

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Goldberg sale 62, lot 2669
image courtesy of Goldberg Coins and Collectibles

Large size $5

This note was lot 2669 in Goldberg sale 62 (Beverly Hills, February 2010), where it sold for $1,150. The catalog description[1] noted, "1902, $5 National Bank Note. The Commercial NB, Santa Ana, CA. PCGS Apparent Very Fine 25. A late charter bank which issued large notes for a little over one year. With only $290 outstanding in 1935, one would expect this to be in the ultra-rare to unobtainable category, but to date eight large notes have been reported. While some minor defects are noted by PCGS Currency, including a small edge split, a repaired edge tear and some minor rust stains, this piece is certainly an acceptable example."

Small size $5, type I

Goldberg sale 62, lot 2698
image courtesy of Goldberg Coins and Collectibles

This note was lot 2698 in Goldberg sale 62 (Beverly Hills, February 2010), where it sold for $529. The catalog description[1] noted, "1929, $5 National Bank Note. The Commercial NB, Santa Ana, CA. PCGS Very Fine 20. This was the smaller of Santa Ana's two small size issuing banks, and actually had the smallest issue overall, ranked by face value, of any of Santa Ana's five banks."

Small size $5, type II

Goldberg sale 62, lot 2699
image courtesy of Goldberg Coins and Collectibles

This note was lot 2699 in Goldberg sale 62 (Beverly Hills, February 2010), where it sold for $276. The catalog description[1] noted, "1929, $5 National Bank Note. The Commercial NB, Santa Ana, CA. PCGS Apparent Fine 12. This is one of only three Type 2 $5s reported on this bank. PCGS Currency has mentioned some stains on the back, resulting in an 'Apparent' grade." This note was previously lot 18254 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $316.25.

Small size $10

Goldberg sale 62, lot 2701
image courtesy of Goldberg Coins and Collectibles

The fourth note was lot 2701 in Goldberg sale 62 (Beverly Hills, February 2010), where it sold for $1,063.75. The catalog description[1] noted, "1929, $10 National Bank Note. The Commercial NB, Santa Ana, CA. PCGS Very Fine 35PPQ. A lovely high grade, lightly circulated example from Santa Ana's scarcer of two small size issuing banks."

Catalog reference: large size: Fr-610, KL-1167; small size, type 1: Fr-1800-1, KL-1170; small size, type 2: Fr-1800-2, KL-1171; small size ten dollars: Fr-1801-2, KL-1244.

Source:

  • [1]Goldberg, Ira, and Larry Goldberg, Goldberg Sale 62: the Pre-Long Beach Sale, Beverly Hills: Goldberg Coins and Collectibles, 2011.

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