First National Bank of Sierra Madre, California

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Sierra Madre, from a 1939 street map
Heritage auction 456, lot 14818
H456-14818r.jpg

This specimen was lot 14818 in Heritage auction 456 (Orlando, FL, January 2008), where it sold for $34,500. The catalog description[1] noted,

"Unique Sierra Madre Note, Sierra Madre, CA - $10 1902 Date Back Fr. 618 The First NB Ch. # (P)8707. To coin a bad pun, this is one of the legendary California notes which everyone has heard of but no one has seen. This was one of the only two towns in Los Angeles County that Charley Colver could never obtain for his fabled collection over his four decades of searching, and that was because the only known note from this short lived bank reposed in the collection we are selling tonight. Obtained privately by the collector who assembled this collection, it has never been on the market previous to this evening, making this the first opportunity for any California collector to obtain a note from this obscure southern California community. Fine, unique and very likely to stay that way. From The Kansas City Collection."

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