1929 Type 2 $10 Easthampton, MA CU-65 EPQ PMG (CH#428)

1929 Type 2 $10 Easthampton, MA CU-65 EPQ PMG (CH#428)

This small size National was issued by the First National Bank of Easthampton, Massachusetts. The Kelly census shows this bank issued very few notes, and even fewer are this well preserved.

Currency Highlights:

  • These small size National Currency notes were issued beginning in early 1929.
  • This note will be housed in an inert mylar currency sleeve and graded CU-65 by PMG and designated as having Exceptional Paper Quality (EPQ).
  • Face: A portrait of Alexander Hamilton.
  • Back: An engraving of the U.S. Treasury.

Since over 12,000 banks were chartered and issued notes, these issues have become highly sought after by collectors. 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.

Issued by The Third National Bank and Trust Company of Springfield, Massachusetts. Lower Charter #428 indicates that this bank was organized in 1864. The census lists 3141 Small Size notes known from this bank listed in Kelly.

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