Pasadena National Bank, California
large size $5, brown back
This specimen was lot 17984 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $2,875. The catalog description[1] noted, "Pasadena, CA - $5 1882 Brown Back Fr. 469 The Pasadena NB Ch. # (P)3568. Brown Backs, Red Seals, and date Backs only from this early Pasadena bank which went out in 1914. Despite thirteen notes in the census, we show only five offerings during the past sixty years, with only two coming since 1990. The Colver Brown Back, sold five years ago, realized over $3500. This piece, although not quite as nice, should do equally as well in this much stronger market. About Fine." This specimen was subsequently lot 21134 in Heritage auction 3576 (Orlando, FL, January 2020), where it sold for $3,120.
large size $5, plain back
This specimen was lot 9359 in Stack's Bowers Baltimore Auction (Baltimore, March 2013), where it sold for $273.78. The catalog description[1] noted, "National Bank Notes. Pasadena, California. $5 1902 PB. Fr. 609. Pasadena NB. Charter #12385. Good. A great California location and always heavily collected. The present example is extensively circulated with several splits. Still strong signatures remain."
large size $10
This specimen was lot 20308 in Stack's Bowers November 29-30, 2023 Collectors Choice Online Auction - U.S. Currency (Costa Mesa, CA, November 2023), where it sold for $720. The catalog description[1] noted, "Pasadena, California. $10 1902 Date Back. Fr. 617. The Pasadena NB. Charter #3568. PMG Very Fine 20. Offerings of notes from this issuer are not too common despite a population of 13 notes known according to Track & Price. This Date Back is a new entrant to the census." This bank was liquidated June 20, 1914.
large size $20, red seal
This specimen was lot 17985 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $4,140. The catalog description[1] noted, "Pasadena Red Seal- One of Three Known. Pasadena, CA - $20 1902 Red Seal Fr. 640 The Pasadena NB Ch. # (P)3568. One of only two Red Seals known on the bank, and we've never seen the other, which is listed without a grade in the census. Only three Red Seals exist from this avidly collected community, with the third in very strong hands after realizing over $5000 in the Colver sale. Very Good-Fine, with nice color for the grade. Ex-Philip Krakover collection sale, lot 334."
small size $5
This specimen was lot 91235 in Stack's Bowers July 2023 Collectors Choice Online Auction - U.S. Currency (Costa Mesa, CA, July 2023), where it sold for $80. The catalog description[1] noted, "Pasadena, California. $5 1929 Ty. 1. Fr. 1800-1. Pasadena NB. Charter #12385. Fine." This bank was chartered in 1923 and survived until the end of the national currency period in 1935.
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