Here is a scarce and Crisp Unc Uncut Sheet of six $5.00 National Notes from Cassopolis, Michigan. These notes are stamped with “THE FIRST NATIONAL BANK OF” along with the charter number in just two locations, making it a Type-1 note.
- Small size National Currency notes were issued in 1929.
- These are Six Type-1 1929 $5.00 National Currency notes.
- This is an amazing Uncut sheet of 6 notes housed in an archival quality currency sleeve.
- Crisp Uncirculated condition.
- Face: A portrait of President Abraham Lincoln.
- Back: An engraving of the Lincoln Memorial.
This bank, Charter#1812, started in April 18, 1871. 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.