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1929 Type 2 $20 San Francisco, CA XF-45 EPQ PMG(Fr#1802-2)CH#9174

1929 Type 2 $20 San Francisco, CA XF-45 EPQ PMG(Fr#1802-2)CH#9174

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This small size National was issued by the Anglo California National Bank of San Francisco, California. Graded Choice Extra Fine-45 EPQ by PMG. An excellent addition to any collection!

Currency Highlights:
  • These small size National Currency notes were issued beginning in early 1929.
  • Housed in an archival quality currency holder by PMG.
  • Circulated Type 2 $20 note.
  • Choice Extra Fine-45 EPQ condition as graded by PMG.
  • Exceptional Paper Quality.
  • Obverse: This note has a portrait of Alexander Hamilton.
  • Reverse: An engraving of the U.S. Treasury Department.
Handle your National Currency Notes 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.

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