Eldorado, Texas. $20 1929 Ty. 1. Fr. 1802-1. First NB. Charter #8575.

Eldorado, Texas. $20 1929 Ty. 1. Fr. 1802-1. First NB. Charter #8575. PCGS Banknote Choice Fine 15. Named for the mythical "City of Gold," Eldorado traces a history typical of countless rural towns across Texas. Settled in waves during the late 1890s and early 1900s, the town grew rapidly but failed to attract a railroad line during its formative decades before finally attracting the Kansas City, Mexico and Orient Railway in 1930 which connected Eldorado to the wider world. Yet even though the town struggled to attract a railroad, it was home to the First National Bank (Charter# 8575) which had organized in 1907 and ultimately managed to linger past 1935 and still lingers in 2026 as Lone Oak Bank. Today notes issued under the original iteration of this institution are rare items and the National Bank Note Census records only eight non-institutional notes (potential duplication notwithstanding) making this an opportunity for the collector who seeks to build a truly well-rounded collection of Texas Nationals. Estimate: $1,000 - $1,500. Provenance: From the Jack Copeland Currency Collection, Part IV. Click here for certification details from PCGS Banknote.

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