Nice Series 1875 $1.00 National Note issued by The Cape Ann National Bank of Gloucester, Massachusetts. This bank originally opened in March of 1865.
- Housed in an archival quality currency sleeve.
- Circulated $1 note from series 1875 in Fine condition.
- Face: A portrait of a representation of Union & Peace with obligation.
- Back: An engraving of the Landing of the Pilgrims.
National Banknotes are a very popular area of U.S. paper money collecting. Add this nice collector’s item to your cart today!
For up to 90% of the profit, the comptroller would authorize the production of notes bearing the individual bank’s name. A lower Charter #899 indicates that this bank was organized in March of 1865. Since over 12,000 banks were chartered and issued notes, these issues have become highly sought after by collectors.
This bank issued almost 5 million dollars under this charter, but when it closed in 1935, less than $115,000 were still outstanding.