This small size National was issued by the Third National Bank of Springfield, Massachusetts. The Kelly census shows this bank issued a lot of notes, but few are this well preserved.
- These small size National Currency notes were issued beginning in early 1929.
- This note will be housed in an archival quality currency sleeve.
- Circulated Type 2 $20 note in Very Fine condition.
- Face: A portrait of Andrew Jackson.
- Back: An engraving of the White House.
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 #308 indicates that this bank was organized in 1864.