1929 Type 1 $5.00 Atlantic City, NJ VG (CH#2527)

1929 Type 1 $5.00 Atlantic City, NJ VG (CH#2527)

This $5.00 National was issued by the Atlantic City National Bank of Atlantic City, New Jersey. There are only 27 small size notes known from this Atlantic County bank.

Currency Highlights:

  • These small size National Currency notes were issued beginning in early 1929.
  • Housed in an archival quality currency sleeve.
  • Heavily circulated $5.00 note from series 1929 in Very Good 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.

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.

The Atlantic City National Bank of Atlantic City, New Jersey issued a lot of notes, but this charter is not commonly offered for sale. Less than 30 Small size notes known from this bank and it is valued at $500 in Fine in the latest version of Kelly's National Bank Notes. This scarce note will make a nice addition to any National collection.

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