The centralized printing includes the identification of the operating bank and an additional serial number per sheet of four notes starting by a Number 1 in each denomination for each bank.
The $ 5 note numbered 1 position B from Sacramento is estimated $ 300K for sale by Heritage in Orlando on January 11, lot 21008.
This note was listed by Heritage in Cincinnati in 2009, lot 12476, by Stack's Bowers in Chicago on August 13, 2011, lot 5774 and by Heritage in Long Beach on September 8, 2016, lot 18333. It has previously been discussed in this column.
Described as 'spectacular' by Heritage, it is graded Extremely Fine 40 by PCGS, which may seem severe but the catalog of Stack's Bowers indicated six tiny pinholes revealed under a strong backlighting.
This note comes from a shipment in August 1872 of 500 sheets by the Treasury to the National Gold Bank of D.O. Mills and Co. operating in Sacramento.
The survival of such a Number 1 is a high rarity. A Number 1 of the Sacramento $ 10 is also known. A $ 10 Number 1 issued in 1873 at Stockton surfaced recently. It was the major piece in a group of five notes kept by the family of the original banker which was sold as a single lot for $ 340K including premium by Bonhams on 31 August 2014.
SOLD for $ 180K including premium