Description

⭐ 1929 $50– Bank of America NT&SA, San Fran–PMG#55

A High‑End Example From a Major Long‑Title Bank

This 1929 $50 National Bank Note comes from the Bank of America National Trust and Savings Association of San Francisco, one of the most iconic long‑title institutions in the entire National Bank Note series. The note carries serial A008911A and is graded PMG 55 Choice About Uncirculated, with no comments. It is bright, well‑centered, and extremely attractive. Many $50 denomination nationals saw heavy circulation, so finding one this close to Uncirculated is a genuine prize.

The Grade

The paper is clean over-all, with slightly weak charter numbers on the right side, a small amount of circulation is noticeable. The centering is excellent for the type, and the note shows only the faintest signs of handling. As a result, it falls just short of the Uncirculated grade. For collectors who value high‑grade Type 1 nationals, this piece ticks all the boxes.

A Bank With Deep Historical Roots

The Bank of America NT&SA traces its lineage to Amadeo Giannini’s Bank of Italy, founded in San Francisco in 1904. Giannini built a banking empire by serving working‑class customers who were often ignored by traditional banks. In 1928, the Bank of Italy acquired Bank of America, Los Angeles, and two years later adopted the Bank of America National Trust and Savings Association name. Because of this merger, the bank became one of the largest and most influential financial institutions in the United States.

Why This Note Matters

Long‑title nationals from major West Coast banks have always been popular. However, high denominations like the $50 are especially desirable because they were used heavily in commerce. As a result, most surviving examples grade Fine or Very Fine. A PMG 55 Choice AU example stands out immediately. It offers rarity, condition, and historical significance in one package.

A Strong Addition to Any National Bank Note Collection

This is a premium piece from a major charter, with excellent eye appeal and a grade that places it among the better survivors of the type. Whether you collect California nationals, long‑title banks, or high‑denomination 1929 issues, this note is a standout opportunity. In 2025 at H/A an uncirculated example graded P.M.G #64EPQ Realized $4200.

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