1929 Type 2 $20 Los Angeles, CA AU (CH#2491)

1929 Type 2 $20 Los Angeles, CA AU (CH#2491)

An excellent note with extremely nice premium paper quality still intact.

Currency Highlights
:

  • Small size National Currency issued beginning in early 1929.
  • Housed in an archival quality currency sleeve.
  • Graded Almost Uncirculated.
  • Face: A portrait of President Andrew Jackson.
  • Back: An engraving of The White House.

Protect your Small Size Currency by adding a protective currency holder to your order.

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!

The Anglo California National Bank of Los Angeles, California has Charter #2491. This note was the last of the series of National Currency Notes that was 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.

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