Central City, CO Territory - Ch. 2129 - $1 Series 1875

Here is a great new discovery that should be of interest to both territorial and first charter ace collectors. This piece was recently found in a safety deposit in Colorado and immediately consigned to our auction. It is in fact the first and only documented Colorado ace from any town outside of Denver or Pueblo. Anyone who has visited Central City recently might think of it as an odd place to have had a territorial national bank. However, at one point in time Central City was widely reported as "The Richest Square Mile on Earth." That claim stems from a massive 1859 gold discovery. Within just two months of the discovery the population of the area grew to 10,000 and Central City was incorporated. To put that size into perspective, Denver had a population of only 4,749 in 1860. And apparently the new population of Central City wasn't just a boom and bust like so many mining locales. The town's original national bank opened in 1866. This ace is from The First National Bank; it opened in 1873 and was around until 1933. The note here is a very bright and clean Fine. This charter only issued 1220 sheets of series 1875 aces, so the odds of finding another example from here are slim. This should be an attractive buying opportunity for any collector looking for a Colorado ace who doesn't want to settle for a many times more common example from Denver or Pueblo.

Date Sold: July 11th, 2015

Realized Price: $36855