1929 Type 2 $5.00 Alexander City, Alabama AU-55 (CH#7417, Uncut)
Here is a like new Uncut Sheet of $5.00 National Notes from Alexander City, Alabama. These notes are stamped with “THE FIRST NATIONAL BANK OF” along with the charter number in four locations, making it a Type 2 note.
- Small size National Currency notes were issued in 1929.
- This is an amazing Uncut sheet of 5 notes housed in an archival quality currency sleeve by PMG.
- Like new $5.00 notes in Almost Uncirculated-55 condition.
- Face: A portrait of President Abraham Lincoln.
- Back: An engraving of the Lincoln Memorial.
Protect your Small Size Currency by adding a protective currency holder to your order.
This bank, Charter#7417, started in September of 1904. Add this nice collector’s item to your cart today!
This note was the last series of National Currency Notes that were first issued in 1863. This type was conceived by Secretary of the Treasury Salmon P. Chase who devised a system of nationally chartered banks.
Individual banks purchased U.S. government bonds and deposited them with the comptroller of the currency. For up to 90% of the profit, the comptroller would authorize the production of notes bearing the individual bank’s name.