National Bank Notes
APMEX offers a superb selection of National Bank Notes.
First issued in 1863, National Bank Notes were used in all 48 states and the territories of Alaska, Hawaii and Puerto Rico until 1935. The large size notes were printed in $1, $2, $5, $10, $20, $50 and $100 denominations. There are numerous Large Size notes having been printed in 1863, 1875, 1882, 1902 and 1908, in Three Charter Periods. The Small Size notes were printed in denominations of $5, $10, $20, $50, and $100 denominations and issued in two types, from 1929 to 1935.
Under Abraham Lincoln, Secretary of the Treasury Salmon Portland Chase devised a system of nationally chartered banks. Individual banks purchased U.S. government bonds and deposited them with the comptroller. For up to 90% of the profit, the comptroller would authorize the production of notes with the individual bank’s name.
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