Steel Rails and Paper Money: How the Transcontinental Railroad Transformed National Bank Chartering in the American West
The driving of the golden spike at Promontory Summit in 1869 did not just connect two coastlines by rail, it ignited a wave of National Bank formations across the frontier West that produced some of the most coveted large-format currency in American numismatics. Understanding this economic explosion helps collectors identify scarce territorial and early-state nationals from California, Nevada, Utah, and beyond.
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