File:H354-17597o.jpg

{{Image:H354-17597o.jpg|600px|thumb|Heritage auction 354, lot 17597]] {{Image:H354-17597r.jpg|600px|thumb]]

This specimen was lot 17597 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $747.50. The catalog description^[1] noted, "Artesia, CA - $5 1902 Plain Back Fr. 599 The First NB Ch. # 8063, Although a couple of serial number one Red Seals have been offered from this Los Angeles County bank in recent years, the census shows only eight large examples, two of which are in Lowell's collection. This is the lesser grade specimen. Very Good, with a bit of staining, mostly on the reverse. From I. Nelson Clark in 1995."

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{{Image:H354-17599o.jpg|600px|thumb|Heritage auction 354, lot 17599]] {{Image:H354-17599r.jpg|600px|thumb]]

This specimen was lot 17599 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $2,990. The catalog description^[1] noted, "Artesia, CA - $5 1929 Ty. 1 The First NB Ch. # 8063, An excessively rare note which is the sole Series 1929 example from here ever available to the collecting public. It turned up in a 2003 auction where Lowell was fortunate enough to outbid his competition and obtain the note. Fine, with a bit of light staining and a few carefully repaired splits. Ex-Lyn Knight's April, 2003 sale, lot 1555."

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{{Image:H354-17602o.jpg|600px|thumb|Heritage auction 354, lot 17602]] {{Image:H354-17602r.jpg|600px|thumb]]

This specimen was lot 17602 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $747.50. The catalog description^[1] noted, "Azusa, CA - $10 1929 Ty. 1 The First NB Ch. # 8065. The Horwedel collection has four Series 1929 examples from Azusa, which we are offering as individual lots to allow as many collectors as possible to obtain specimens from this much sought after location. This $10 Type 1 grades a no-problems Fine-Very Fine."

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{{Image:H354-17603o.jpg|600px|thumb|Heritage auction 354, lot 17603]] {{Image:H354-17603r.jpg|600px|thumb]]

This specimen was lot 17603 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $690. The catalog description^[1] noted, "Azusa, CA - $10 1929 Ty. 2 The First NB Ch. # 8065, A nice grade Type 2 $10 from this well collected Los Angeles County location. Fine-Very Fine."

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{{Image:H354-17604o.jpg|600px|thumb|Heritage auction 354, lot 17604]] {{Image:H354-17604r.jpg|600px|thumb]]

This specimen was lot 17604 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $632.50. The catalog description^[1] noted, "Azusa, CA - $20 1929 Ty. 1 The First NB Ch. # 8065, Perhaps a touch nicer than the two $10 examples above in condition, but displaying more than a few pinholes. Fine-Very Fine."

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{{Image:H354-17606o.jpg|600px|thumb|Heritage auction 354, lot 17606]] {{Image:H354-17606r.jpg|600px|thumb]]

This specimen was lot 17606 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $9,487.50. The catalog description^[1] noted, "Azusa, CA - $5 1902 Plain Back Fr. 599 The United States NB Ch. # (P)8074, One of the Horwedel collection's greatest rarities, as this example is the only note known from this short lived bank. It sole appearance at public sale during the past six decades came when we sold the Colver collection in 1999, where we noted "This bank has always been the stopping place in any collection of "Forbidden Titles," as hitherto there have been no offerings whatever of any examples from this bank. Pen signed and evenly circulated Very Good, with no problems whatever, almost impossible to estimate because when the hammer falls on this unique note, no amount of money can buy another." Our "best guess" estimate at that time was $3000-6000, with the note realizing $6050. Now, more than five years later, that sum appears incredibly conservative for a unique California rarity. In a market where truly desirable material has appreciated substantially since 1999."

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• {{United States National Bank of Azusa, California]] (charter 8074)

{{Image:H354-17614o.jpg|600px|thumb|Heritage auction 354, lot 17614]] {{Image:H354-17614r.jpg|600px|thumb]]

This specimen was lot 17614 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $2,415. The catalog description^[1] noted, "Banning, CA - $10 1902 Plain Back Fr. 626 The First NB Ch. # 9459, A very scarce large note from this small Riverside County community. While ten large examples are listed in the census, four are number ones and one is torn and impaired, leaving only a literal handful of pieces to satisfy the demands of this area's many avid collectors. Fine."

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{{Image:H354-17615o.jpg|600px|thumb|Heritage auction 354, lot 17615]] {{Image:H354-17615r.jpg|600px|thumb]]

This specimen was lot 17615 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $862.50. The catalog description^[1] noted, "Banning, CA - $10 1929 Ty. 1 The First NB Ch. # 9459, Another note which is considerably more difficult to find than the census might suggest, as all but five of the examples listed there are serial number one notes. About Fine, with a couple of small body holes and a bit of soil on the back."

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{{Image:H354-17617o.jpg|600px|thumb|Heritage auction 354, lot 17617]] {{Image:H354-17617r.jpg|600px|thumb]]

This specimen was lot 17617 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $5,750. The catalog description^[1] noted, "Bellflower, CA - $5 1902 Plain Back Fr. 609 The First NB Ch. # (P)12328, A just plain rare Los Angeles County location which, despite having two issuing banks, is very seldom available. The somewhat lower grade example we sold as part of the California estate collection realized $3000 in May of 2003. This lovely note, part of Lowell's collection for many years, sports two color pen signatures, including that of F.E. Woodruff, the original developer of Bellflower. Extremely Fine."

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{{Image:H354-17618o.jpg|600px|thumb|Heritage auction 354, lot 17618]] {{Image:H354-17618r.jpg|600px|thumb]]

This specimen was lot 17618 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,380. The catalog description^[1] noted, "Bellflower, CA - $10 1929 Ty. 1 The Commercial NB Ch. # 12754, A very rare note with only four examples, all tens, reported to date from the bank, a figure which, interestingly enough, has not changed since we sold this note to Lowell in 1992. Nice Fine. Ex-Currency Auctions of America's November, 1992 sale, lot 2039."

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• {{Commercial National Bank of Bellflower, California]] (charter 12754)

{{Image:H354-17627o.jpg|600px|thumb|Heritage auction 354, lot 17627]] {{Image:H354-17627r.jpg|600px|thumb]]

This specimen was lot 17627 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $632.50. The catalog description^[1] noted, "Beverly Hills, CA - $5 1929 Ty. 1 The First NB Ch. # 11461, A small example from this perennially popular location. The last Series 1929 note from here we offered graded Very Good with a hole in the portrait and brought $747.50 against a pre-sale estimate of $250-350. The Horwedel collection specimen is a lot nicer in all respects. Evenly circulated Fine."

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{{Image:H354-17629o.jpg|600px|thumb|Heritage auction 354, lot 17629]] {{Image:H354-17629r.jpg|600px|thumb]]

This specimen was lot 17629 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $9,200. The catalog description^[1] noted, "Brawley, CA - $20 1902 Plain Back Fr. 654 The First NB Ch. # (P)9673, One of the Horwedel collections true trophy notes, as the only other example known from this small farming community in sprawling Imperial County is the damaged specimen that we sold five years ago as part of the Colver collection. Even though impaired and quite low grade, that note realized $3300. The Horwedel note is light years better, grading a strong Fine-Very Fine. Again, any estimate here is but a guess, because notes of this caliber have simply disappeared from the market at any price, but we would not be at all surprised to see bidding for this great item."

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• The {{First National Bank of Brawley, California]] (charter 9673)

{{Image:H354-17630o.jpg|600px|thumb|Heritage auction 354, lot 17630]] {{Image:H354-17630r.jpg|600px|thumb]]

This specimen was lot 17630 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,150. The catalog description^[1] noted, "Brea, CA - $5 1929 Ty. 1 The Oilfields NB Ch. # 13001, A just plain rare note, with two large and five small examples making up the entire census from here. Again, most all are closely held, with this only the third offering of any kind from here at public sale during the past sixty years. Well circulated but intact Very Good. From George Decker in 1999"

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{{Image:H354-17632o.jpg|600px|thumb|Heritage auction 354, lot 17632]] {{Image:H354-17632r.jpg|600px|thumb]]

This specimen was lot 17632 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,955. The catalog description^[1] noted, "Brea, CA - $10 1929 Ty. 2 Oilfields NB Ch. # 13877, A much scarcer denomination from here, with just four $10 examples recorded in the census. About Fine, with a few short repaired splits in the margins."

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{{Image:H354-17633o.jpg|600px|thumb|Heritage auction 354, lot 17633]] {{Image:H354-17633r.jpg|600px|thumb]]

This specimen was lot 17633 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $32,200. The catalog description^[1] noted, "Unique for the Bank & Town-First Ever Public Offering, Burbank, CA - $20 1902 Plain Back Fr. 654 The First NB Ch. # (P)10099. One of the true blockbuster notes in the Horwedel collection, with this example unique to the town as well as the bank. Burbank was one of just a handful of southern California locations where Charley Colver, try as he might for over half a century, could not ever obtain even one example. Lowell bought this piece privately some years ago, paying what was at the time a totally exorbitant amount, but tonight his judgment will certainly be vindicated, as this opportunity to obtain the only known example from here may well be a once in a lifetime chance. Bright Fine-Very Fine, impossible to really estimate as this unique item simply cannot be duplicated at any price."

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• The {{First National Bank of Burbank, California]] (charter 10099)

{{Image:H354-17634o.jpg|600px|thumb|Heritage auction 354, lot 17634]] {{Image:H354-17634r.jpg|600px|thumb]]

large size $5

This specimen was lot 17634 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,150. The catalog description^[1] noted, "Calexico, CA - $5 1902 Plain Back Fr. 601 The First NB Ch. # (P)9686, Large notes only from this institution, the sole issuer in this border community. Fine."

large size $20

{{Image:H354-17635o.jpg|600px|thumb|Heritage auction 354, lot 17635]] {{Image:H354-17635r.jpg|600px|thumb]]

This specimen was lot 17635 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $805. The catalog description^[1] noted, "Calexico, CA - $20 1902 Plain Back Fr. 653 The First NB Ch. # (P)9686, A well circulated but intact Very Good example which is the only $20 Plain Back recorded in the census from here."

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• The {{First National Bank of Calexico, California]] (charter 9686)

{{Image:H354-17647o.jpg|600px|thumb|Heritage auction 354, lot 17647]] {{Image:H354-17647r.jpg|600px|thumb]]

This specimen was lot 17647 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $16,675. The catalog description^[1] noted, "Chino, CA - $5 1902 Plain Back Fr. 602 The First NB Ch. # (P)10271, This is one of only three notes known from this Riverside County community, and only the second opportunity in sixty years to obtain any note from this town at public sale. The Colver collection contained two of the three known pieces, with the first now permanently ensconced in a major southern California holding and the second obtained at that sale by Lowell. It fetched $6050 at the Colver sale, and now, in a far stronger market and with this perhaps the last opportunity for a generation to obtain any note from here, is very likely destined to realize considerably more tonight. Very Fine. Ex-Charles Colver collection sale, lot 1723."

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• The {{First National Bank of Chino, California]] (charter 10271)

{{Image:H354-17648o.jpg|600px|thumb|Heritage auction 354, lot 17648]] {{Image:H354-17648r.jpg|600px|thumb]]

large size $10

This specimen was lot 17648 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $2,415. The catalog description^[1] noted, "Claremont, CA - $10 1902 Plain Back Fr. 626 The First NB Ch. # 9467, A very scarce Los Angeles County bank in large size, with the census standing at just six notes. This bank was missing in large size from Krakover, Litt and the Estate collection we sold last year. Nice About Fine."

small size $10, type I

{{Image:H354-17649o.jpg|600px|thumb|Heritage auction 354, lot 17649]] {{Image:H354-17649r.jpg|600px|thumb]]

This specimen was lot 17649 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $977.50. The catalog description^[1] noted, "Claremont, CA - $10 1929 Ty. 1 The First NB Ch. # 9467, A nice circulated example from this one too common bank. About Fine, the top margin a bit close. From the January, 1995 Currency Auctions of America sale, lot 1786."

small size $10, type II

{{Image:H354-17650o.jpg|600px|thumb|Heritage auction 354, lot 17650]] {{Image:H354-17650r.jpg|600px|thumb]]

This specimen was lot 17650 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,495. The catalog description^[1] noted, "Claremont, CA - $10 1929 Ty. 2 The First NB Ch. # 9467, An absolutely gorgeous Type 2 example that is a screaming gem but for the lightest of centerfolds. Choice About Uncirculated."

small size $20

{{Image:H354-17651o.jpg|600px|thumb|Heritage auction 354, lot 17651]] {{Image:H354-17651r.jpg|600px|thumb]]

This specimen was lot 17651 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,150. The catalog description^[1] noted, "Claremont, CA - $20 1929 Ty. 1 The First NB Ch. # 9467, Another lovely example from this scarce bank, with this by far the nicest Type 1 example recorded from here. About Uncirculated. Formerly lot 1728 in our Charles Colver collection sale of May, 1999."

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• The {{First National Bank of Claremont, California]] (charter 9467)

{{Image:H354-17654o.jpg|600px|thumb|Heritage auction 354, lot 17654]] {{Image:H354-17654r.jpg|600px|thumb]]

This specimen was lot 17654 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $8,337.50. The catalog description^[1] noted, "Second Offering In Sixty Years, Coachella, CA - $5 1929 Ty. 1 The First NB Ch. # 10292, One of the great California small size rarities, as this bank is unknown in large and was one of the smallest issuers in the state for Series 1929 examples. Just three notes are recorded from this one bank Riverside County community, with this only the second offering of any kind from here in over sixty years. With the other two notes now locked away in major California holdings, this may well be the last opportunity for decades for any collector to add a note from here to his or her collection. Pleasing Fine."

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• The {{First National Bank of Coachella, California]] (charter 10292)

{{Image:H354-17656o.jpg|600px|thumb|Heritage auction 354, lot 17656]] {{Image:H354-17656r.jpg|600px|thumb]]

This specimen was lot 17656 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $3,105. The catalog description^[1] noted, "Colton, CA - $10 1902 Plain Back Fr. 626 The First NB Ch. # 3573, A most attractive example which is tied for the highest grade of any of the thirteen notes listed in the census. Bright Fine-Very Fine."

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{{Image:H354-17657o.jpg|600px|thumb|Heritage auction 354, lot 17657]] {{Image:H354-17657r.jpg|600px|thumb]]

large size $10

This specimen was lot 17657 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $2,415. The catalog description^[1] noted, "Colton, CA - $10 1902 Date Back Fr. 618 The Colton NB Ch. # (P)8608, An extremely scarce Colton bank with this the sole Date Back of any denomination reported to date. Even the massive Colver collection had but one example from this large only bank, which, despite being lower grade than this piece, realized almost $800 in 1999. Fine+, with purple signatures. From CAA's January, 2000 Orlando sale, lot 2362."

large size $20

{{Image:H354-17658o.jpg|600px|thumb|Heritage auction 354, lot 17658]] {{Image:H354-17658r.jpg|600px|thumb]]

This specimen was lot 17658 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,955. The catalog description^[1] noted, "Colton, CA - $20 1902 Plain Back Fr. 652 The Colton NB Ch. # 8608, A nice evenly circulated Fine+ example from this tough Colton bank."

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• The {{Colton National Bank, California]] (charter 8608)

{{Image:H354-17659o.jpg|600px|thumb|Heritage auction 354, lot 17659]] {{Image:H354-17659r.jpg|600px|thumb]]

This specimen was lot 17659 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,610. The catalog description^[1] noted, "Colton, CA - $5 1929 Ty. 1 The Citizens NB Ch. # 13356, A scarce note on a bank where, for some reason, virtually every example we've seen is low grade or otherwise impaired, with even the Colver specimen grading only Very Good. This piece is a happy exception. Nice Fine-Very Fine, considerably closer to the higher grade here than the lower. Purchased in CAA's St. Louis sale of October, 1995, lot 1750."

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{{Image:H354-17661o.jpg|600px|thumb|Heritage auction 354, lot 17661]] {{Image:H354-17661r.jpg|600px|thumb]]

This specimen was lot 17661 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $3,910. The catalog description^[1] noted, "Compton, CA - $20 1902 Plain Back Fr. 651 The First NB Ch. # 8085, A pleasing note which is the only $20 reported from this one bank location. Nice Fine-Very Fine, with purple stamp signatures. From R.M. Smythe's June, 2000 sale, lot 2390."

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{{Image:H354-17666o.jpg|600px|thumb|Heritage auction 354, lot 17666]] {{Image:H354-17666r.jpg|600px|thumb]]

large size $10

This specimen was lot 17666 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $632.50. The catalog description^[1] noted, "Corona, CA - $10 1902 Plain Back Fr. 625 The First NB Ch. # 7867, A decent Fine example save for a tiny bit of fraying at the top margin and a missing top right corner that barely intrudes into the design. Obtained from the fondly remembered California dealer Jerry Briggs."

large size $20

{{Image:H354-17667o.jpg|600px|thumb|Heritage auction 354, lot 17667]] {{Image:H354-17667r.jpg|600px|thumb]]

This specimen was lot 17667 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $862.50. The catalog description^[1] noted, "Corona, CA - $20 1902 Plain Back Fr. 651 The First NB Ch. # 7867, Although hardly common in large size, this is one of Riverside County's more available banks. Fine, with a bit of margin staining."

small size $5, type I

{{Image:H354-17668a.jpg|600px|thumb|Heritage auction 354, part of lot 17668]] {{Image:H354-17668b.jpg|600px|thumb]]

This specimen was part of lot 17668 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), which sold for $862.50. The catalog description^[1] noted, "Corona, CA - $5 1929 Ty. 1, Ty. 2 The First NB Ch. # 7867, Two pieces, the Type 1 About Fine, with a bit of aging around the margins, the Type 2 an evenly circulated Fine. (Total: 2 notes)."

small size $5, type II

{{Image:H354-17668c.jpg|600px|thumb|Heritage auction 354, part of lot 17668]] {{Image:H354-17668d.jpg|600px|thumb]]

This specimen was part of lot 17668 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), which sold for $862.50. The catalog description^[1] noted, "Corona, CA - $5 1929 Ty. 1, Ty. 2 The First NB Ch. # 7867, Two pieces, the Type 1 About Fine, with a bit of aging around the margins, the Type 2 an evenly circulated Fine. (Total: 2 notes)."

small size $10

{{Image:H354-17669o.jpg|600px|thumb|Heritage auction 354, lot 17669]] {{Image:H354-17669r.jpg|600px|thumb]]

This specimen was lot 17669 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $862.50. The catalog description^[1] noted, "Corona, CA - $10 1929 Ty. 1 The First NB Ch. # 7867, A bright and fresh example which is one of the highest grade small notes extant from this location. Extremely Fine."

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• The {{First National Bank of Corona, California]] (charter 7867)

small size $10

{{Image:H354-17671o.jpg|600px|thumb|Heritage auction 354, lot 17671]] {{Image:H354-17671r.jpg|600px|thumb]]

This specimen was lot 17671 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $4,370. The catalog description^[1] noted, "Covina, CA - $10 1929 Ty. 1 The Covina NB Ch. # 8222, By far the scarcer of Covina's two issuing banks, with the census from here skewed by the existence of two serial number one Type 2 sheets, neither of which has ever been offered publicly. Only five single small notes are in the census, with the Horwedel collection boasting two of that number. This is the only Type 1 $10 in the census at present. Fine. Ex-Currency Auctions of America's May, 1993 sale, lot 1461."

small size $20

{{Image:H354-17672o.jpg|600px|thumb|Heritage auction 354, lot 17672]] {{Image:H354-17672r.jpg|600px|thumb]]

This specimen was lot 17672 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $5,750. The catalog description^[1] noted, "Covina, CA - $20 1929 Ty. 2 The Covina NB Ch. # 8222, An even nicer example from this just plain rare bank. Although Charley Colver had three small notes from here (no surprise, as Covina was his home town), only one was as nice as this, with that example realizing $4125 over five years ago. Our estimate here may well prove conservative. Very Fine."

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{{Image:H354-17678o.jpg|600px|thumb|Heritage auction 354, lot 17678]] {{Image:H354-17678r.jpg|600px|thumb]]

This specimen was lot 17678 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $2,645. The catalog description^[1] noted, "Cucamonga, CA - $10 1929 Ty. 1 The First NB Ch. # 7152, Another rare note bearing one of the legendary California town names that collectors have sought for years. While five large and five small notes are recorded in the census from here, virtually that whole number have been unavailable to collectors as most all reside in long term holdings which have not seen the light of day for decades. Our records show only three offerings of any kind from here during the past sixty years, demonstrating just how infrequently notes from this one bank locale have actually been available to the collecting fraternity during that period. Very Good."

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{{Image:H354-17688o.jpg|600px|thumb|Heritage auction 354, lot 17688]] {{Image:H354-17688r.jpg|600px|thumb]]

This specimen was lot 17688 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,610. The catalog description^[1] noted, "Downey, CA - $20 1929 Ty. 1 The First NB Ch. # 11701, A nice evenly circulated Series 1929 example which is superior in all respects to the note from here in our California Estate collection in May, 2003 which realized $1840 against a pre-sale estimate of $650-950. Fine+++."

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{{Image:H354-17691o.jpg|600px|thumb|Heritage auction 354, lot 17691]] {{Image:H354-17691r.jpg|600px|thumb]]

large size $10

This specimen was lot 17691 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $5,175. The catalog description^[1] noted, "El Centro, CA - $10 1902 Date Back Fr. 618 The First NB Ch. # (P)9350, Three examples are listed in the census from this short lived Imperial County institution, two of which are in the Horwedel collection. This piece was previously part of the Colver holdings, where it brought $4400 more than five years ago. Very Good, with no problems whatsoever. Ex-CAA's Charles Colver collection sale of May, 1999, lot 1774."

large size $20

{{Image:H354-17692o.jpg|600px|thumb|Heritage auction 354, lot 17692]] {{Image:H354-17692r.jpg|600px|thumb]]

This specimen was lot 17692 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $3,680. The catalog description^[1] noted, "El Centro, CA - $20 1902 Date Back Fr. 644 The First NB Ch. #(P) 9350, A second note from this just plain rare bank, somewhat higher in grade than the $10 above but with some light brown staining over a fairly significant portion of both the front and back. It ought to be worth just about the same as the other El Centro note offered here. Fine."

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• The {{First National Bank of El Centro, California]] (charter 9350)

{{Image:H354-17695o.jpg|600px|thumb|Heritage auction 354, lot 17695]] {{Image:H354-17695r.jpg|600px|thumb]]

This specimen was lot 17695 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,955. The catalog description^[1] noted, "Elsinore, CA - $10 1929 Ty. 1 The First NB Ch. # 11922, A rather scarce Riverside County bank with only eight offerings among our records enumerating over 285,000 appearances of Nationals at public sale during the past sixty years. This Type 1 example bears the first type font used by the bank. Fine."

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{{Image:H354-17696o.jpg|600px|thumb|Heritage auction 354, lot 17696]] {{Image:H354-17696r.jpg|600px|thumb]]

This specimen was lot 17696 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $2,875. The catalog description^[1] noted, "Elsinore, CA - $10 1929 Ty. 2 The First NB Ch. # 11922, A nice grade example which displays the second type style used on Series 1929 examples from here. This is the only Type 2 note reported from here in any denomination as well. Nice Very Fine."

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{{Image:H354-17697o.jpg|600px|thumb|Heritage auction 354, lot 17697]] {{Image:H354-17697r.jpg|600px|thumb]]

This specimen was lot 17697 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $5,865. The catalog description^[1] noted, "Escondido, CA - $5 1902 Plain Back Fr. 598 The First NB Ch. # (P)7801, A just plain rare San Diego County community which had three issuing banks, one unreported and two which are almost never available to collectors, with even the Krakover collection lacking any example from here. The Horwedel collection specimen is far higher grade than all but one of the reported pieces, and is light years superior to the example we sold from here in the California Estate collection in May of 2003, which, despite splits at the folds and holes in the center, realized $3450, more than double its pre-sale estimate of $1250-1800. Very Fine-Extremely Fine, a great note worthy of the finest of collections."

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{{Image:H354-17698o.jpg|600px|thumb|Heritage auction 354, lot 17698]] {{Image:H354-17698r.jpg|600px|thumb]]

large size $10

This specimen was lot 17698 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $7,187.50. The catalog description^[1] noted, "Escondido, CA - $10 1902 Plain Back Fr. 625 The Escondido NB Ch. # 8040, A handsome example from this just plain rare Escondido bank. This is the highest grade note recorded from this institution, with this offering marking only the third time in the past sixty years that collectors have had the opportunity to add a note from here to their holdings. Bright Very Fine, with vivid purple signatures."

large size $20

{{Image:H354-17699o.jpg|600px|thumb|Heritage auction 354, lot 17699]] {{Image:H354-17699r.jpg|600px|thumb]]

This specimen was lot 17699 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $3,910. The catalog description^[1] noted, "Escondido, CA - $20 1902 Plain Back Fr. 651 The Escondido NB Ch. # 8040, This example, from the Colver collection, was the only note from this bank Charley could come up with in fifty years of diligent searching. It grades a pleasing Fine, with sharp violet signatures, and will likely realize just a hair below the amount paid for the $10 offered above. Ex-Charles Colver collection sale, May, 1999, lot 1782."

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• The {{Escondido National Bank, California]] (charter 8040)

large size $10

{{Image:H354-17711o.jpg|600px|thumb|Heritage auction 354, lot 17711]] {{Image:H354-17711r.jpg|600px|thumb]]

This specimen was lot 17711 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,610. The catalog description^[1] noted, "Fontana, CA - $10 1929 Ty. 1 The First NB Ch. # 12976, Although chartered in 1926, this San Bernardino County bank elected to issue Series 1929 examples only. Fine-Very Fine, with a small area of light staining on the left side. Ex- Philip Krakover collection sale, lot 89."

large size $20

{{Image:H354-17712o.jpg|600px|thumb|Heritage auction 354, lot 17712]] {{Image:H354-17712r.jpg|600px|thumb]]

This specimen was lot 17712 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $1,265. The catalog description^[1] noted, "Fontana, CA - $20 1929 Ty. 1 The First NB Ch. # 12976, A second example, this a touch lower grade. Very Good-Fine."

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{{Image:H354-17744o.jpg|600px|thumb|Heritage auction 354, lot 17744]] {{Image:H354-17744r.jpg|600px|thumb]]

This specimen was lot 17744 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $9,200. The catalog description^[1] noted, "Second Offering in Six Decades, Graham, CA - $20 1902 Plain Back Fr. 661 The Graham NB Ch. # 12673, A prohibitively rare large example from this obscure Los Angeles County location which is one of only two such specimens listed in the census. Our records show only one offering from here at public sale during the past sixty years, when the Colver collection, which contained the other large note from here, was auctioned back in 1999. Fine." Graham is between Florence and Watts.

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• The {{Graham National Bank, California]] (charter 12673)