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    HomeNewsBank Note from West Hollywood National Bank of Crescent Height is Up...

    Bank Note from West Hollywood National Bank of Crescent Height is Up for Bid

    Doyle Auctioneers & Appraisers are offering a rare opportunity to own the only known national bank note from the West Hollywood National Bank of Crescent Heights (California) at a December 5, 2023 auction.

    The $10 note up for bid is classified as a Third Charter Period, Series 1902 Third Issue, Plain Back, and bears the serial number 1485 from the West Hollywood National Bank of Crescent Heights, charter number 11880. Geo. B Mauser, serving as president at the time, signed the note in purple ink. The cataloger has assigned an estimated value of $30,000 to $50,000 to this particular rare note.

    national bank note from the West Hollywood National Bank of Crescent Heights (California) – Via Doyle Auctioneers & Appraisers

    According to the catalog, the note is described as Very Fine, exhibiting a couple of scarcely visible handling marks. It maintains an overall clean appearance with commendable paper quality. The margins are closely aligned at the top and bottom, while the sides boast ample widths. A press release, however, contradicts this description, offering a more precise depiction: “Clean and crisp paper, with a few barely noticeable handling marks, the note is of high quality and near Uncirculated.”

    This note is the property of a four-generation California family and has been under the care of the original owner for almost a century. The note was presented to the current owner by her father, who served as the president of the bank.

    The transformation of the Crescent Heights National Bank into the West Hollywood National Bank of Crescent Heights occurred on Nov. 20, 1922, under charter number 11880. Subsequently, on Dec. 18, 1926, it was sold to the Pacific Southwest Trust & Savings Bank.

    The $10 denomination was the sole denomination issued by the bank. Out of the initial issuance of approximately 6,581 notes, only 2,300 remained outstanding at the time of the bank’s closure. According to recent research by Doyle, this note stands as the only surviving piece from the original issue, marking the first and sole offering of its kind, whether publicly or privately.

    For more information or to register to bid, click on the link below:

    https://www.doyle.com/auction/lot/lot-1148—united-states-west-hollywood-crescent-heights-california-1902-10-national

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    Paulo Murillo
    Paulo Murillohttps://wehotimes.com
    Paulo Murillo is Editor in Chief and Publisher of WEHO TIMES. He brings over 20 years of experience as a columnist, reporter, and photo journalist. Murillo began his professional writing career as the author of “Love Ya, Mean It,” an irreverent and sometimes controversial West Hollywood lifestyle column for FAB! newspaper. His work has appeared in numerous print and online publications, which include the “Hot Topic” column in Frontiers magazine, where he covered breaking news and local events in West Hollywood. He can be reached at [email protected]

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    TomSmart
    TomSmart
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    3 months ago

    I think this is pretty cool. It’s a shame the city doesn’t seem to have an archive with all if our rich history and could add this

    John Cleese
    John Cleese
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    Reply to  TomSmart
    3 months ago

    It’d be a better investment that some of the recent “art” acquisitions.

    Kiss it
    Kiss it
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    3 months ago

    I think the people in this town only care if someone has a pound of cocaine for sale not an old $10 bill

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