1929 Type 1 $5.00 Lee, MA Ch VF (CH#885)

1929 Type 1 $5.00 Lee, MA Ch VF (CH#885)

This small size National was issued by the Third National Bank of Lee, Massachusetts. The Kelly census shows this bank issued a lot of notes, but few are this well preserved.

Currency Highlights:

  • These small size National Currency notes were issued beginning in early 1929.
  • This note will be housed in an archival quality currency sleeve.
  • Low serial number B000900A.
  • Lightly circulated Type 1 $5 note in Choice VF condition.
  • Face: A portrait of Abraham Lincoln.
  • Back: An engraving of the Lincoln Memorial.

Handle your currency with care by adding these cotton gloves 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.

Issued by The Third National Bank and Trust Company of Lee, Massachusetts. Lower Charter #885 indicates that this bank was organized in 1864. The census lists 83 Small Size notes known from this bank listed in Kelly.

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