Difference between revisions of "First National Bank of Downey, California"

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(added lot 17688)
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[[Image:Downey 1902 20 dollars obv Heritage 354-17687.jpg|600px|thumb|Heritage sale 354, lot 17687]]
 
[[Image:Downey 1902 20 dollars obv Heritage 354-17687.jpg|600px|thumb|Heritage sale 354, lot 17687]]
 
[[Image:Downey 1902 20 dollars rev Heritage 354-17687.jpg|600px|thumb]]
 
[[Image:Downey 1902 20 dollars rev Heritage 354-17687.jpg|600px|thumb]]
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== large size notes ==
+
== large size $20 ==
 
The first specimen was lot 17687 in Heritage sale 354 (Long Beach, September 2004), where it sold for $6,900. The catalog description noted, "Large Size Downey Note- One of Two Known. Downey, CA - $20 1902 Plain Back Fr. 659 The First NB Ch. # 11701. This is one of only two large examples from this Los Angeles County bank listed in the census, and, fortunately for collectors, it's by far the nicer of the pair. The Colver example, grading only Very Good+, realized over $3000 more than five years ago, and, with only $720 outstanding from here in large, it may be a long wait until any others are discovered. Bright Very Fine."
 
The first specimen was lot 17687 in Heritage sale 354 (Long Beach, September 2004), where it sold for $6,900. The catalog description noted, "Large Size Downey Note- One of Two Known. Downey, CA - $20 1902 Plain Back Fr. 659 The First NB Ch. # 11701. This is one of only two large examples from this Los Angeles County bank listed in the census, and, fortunately for collectors, it's by far the nicer of the pair. The Colver example, grading only Very Good+, realized over $3000 more than five years ago, and, with only $720 outstanding from here in large, it may be a long wait until any others are discovered. Bright Very Fine."
  
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== small size notes ==
+
== small size $10, type I ==
 
[[Image:Downey 1929 10 dollars obv Sc-70.jpg|550px|thumb|Scotsman Midwest Summer sale, lot 70]]
 
[[Image:Downey 1929 10 dollars obv Sc-70.jpg|550px|thumb|Scotsman Midwest Summer sale, lot 70]]
 
[[Image:Downey 1929 10 dollars rev Sc-70.jpg|550px|thumb]]
 
[[Image:Downey 1929 10 dollars rev Sc-70.jpg|550px|thumb]]
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 +
The second specimen was lot 70 in Scotsman's Midwest Summer Sale (St. Louis, July 2012), where it sold for $____. The catalog description noted, "1929 $10.00. Downey, CA Charter# 11701 Ty. 1. VG. Scarce note on a Los Angeles County one-bank town. Only ten are reported, this example showing not too much wear for VG, but the eye-appeal is downgraded by some brown stains freckling the portrait area and far right side."
 +
 +
== small size $10, type I ==
 
[[Image:Downey 1929 10 dollars obv Heritage 386-18673.jpg|600px|thumb|Heritage sale 386, lot 18673]]
 
[[Image:Downey 1929 10 dollars obv Heritage 386-18673.jpg|600px|thumb|Heritage sale 386, lot 18673]]
 
[[Image:Downey 1929 10 dollars rev Heritage 386-18673.jpg|600px|thumb]]
 
[[Image:Downey 1929 10 dollars rev Heritage 386-18673.jpg|600px|thumb]]
−
The second specimen was lot 70 in Scotsman's Midwest Summer Sale (St. Louis, July 2012), where it sold for $____. The catalog description noted, "1929 $10.00. Downey, CA Charter# 11701 Ty. 1. VG. Scarce note on a Los Angeles County one-bank town. Only ten are reported, this example showing not too much wear for VG, but the eye-appeal is downgraded by some brown stains freckling the portrait area and far right side."
 
  
 
The third specimen was lot 18673 in Heritage sale 386 (Long Beach, September 2005), where it sold for $1,610. The catalog description noted, "Downey, CA - $10 1929 Ty. 2 The First NB Ch. # 11701. A high grade piece which is easily the finest small note listed in the census from here. It bears the second type style used by the bank on Series 1929 examples. Very Fine+++."
 
The third specimen was lot 18673 in Heritage sale 386 (Long Beach, September 2005), where it sold for $1,610. The catalog description noted, "Downey, CA - $10 1929 Ty. 2 The First NB Ch. # 11701. A high grade piece which is easily the finest small note listed in the census from here. It bears the second type style used by the bank on Series 1929 examples. Very Fine+++."
 +
 +
== small size $20 ==
 +
[[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<sup>[1]</sup> 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+++."
  
 
''[[Bibliography|Source:]]''
 
''[[Bibliography|Source:]]''

Revision as of 19:43, 21 August 2024

Downey from a 1939 street map
Heritage sale 354, lot 17687
Downey 1902 20 dollars rev Heritage 354-17687.jpg

large size $20

The first specimen was lot 17687 in Heritage sale 354 (Long Beach, September 2004), where it sold for $6,900. The catalog description noted, "Large Size Downey Note- One of Two Known. Downey, CA - $20 1902 Plain Back Fr. 659 The First NB Ch. # 11701. This is one of only two large examples from this Los Angeles County bank listed in the census, and, fortunately for collectors, it's by far the nicer of the pair. The Colver example, grading only Very Good+, realized over $3000 more than five years ago, and, with only $720 outstanding from here in large, it may be a long wait until any others are discovered. Bright Very Fine."

small size $10, type I

Scotsman Midwest Summer sale, lot 70
Downey 1929 10 dollars rev Sc-70.jpg

The second specimen was lot 70 in Scotsman's Midwest Summer Sale (St. Louis, July 2012), where it sold for $____. The catalog description noted, "1929 $10.00. Downey, CA Charter# 11701 Ty. 1. VG. Scarce note on a Los Angeles County one-bank town. Only ten are reported, this example showing not too much wear for VG, but the eye-appeal is downgraded by some brown stains freckling the portrait area and far right side."

small size $10, type I

Heritage sale 386, lot 18673
Downey 1929 10 dollars rev Heritage 386-18673.jpg

The third specimen was lot 18673 in Heritage sale 386 (Long Beach, September 2005), where it sold for $1,610. The catalog description noted, "Downey, CA - $10 1929 Ty. 2 The First NB Ch. # 11701. A high grade piece which is easily the finest small note listed in the census from here. It bears the second type style used by the bank on Series 1929 examples. Very Fine+++."

small size $20

Heritage auction 354, lot 17688
H354-17688r.jpg

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+++."

Source:

  • Garcia, James, and Jay Woodside, The Midwest Summer Sale, St Louis, MO: Scotsman Auction Co., 2012.

Link to:

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