1929 Type 1 $20 Los Angeles, CA Very Fine (Fr#1802-1) CH#12804

1929 Type 1 $20 Los Angeles, CA Very Fine (Fr#1802-1) CH#12804

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This Series 1929 National was issued by the Hollywood National Bank of Los Angeles, CA. This is a nice problem-free Type 1 note in Very Fine condition. There are only 19 known notes, and this is the ONLY known CA block! C000156A

Currency Highlights:
  • Only 19 known notes!
  • These small size National Currency notes were issued beginning in early 1929.
  • Housed in an archival quality currency sleeve.
  • Circulated $20 note from Series 1929 in Very Fine condition.
  • Face: A portrait of President Andrew Jackson.
  • Back: An engraving of The White House.
  • Friedberg # 1802-1.

Protect your product from fingerprints 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!

The Security-First National Bank of Los Angeles, CA has Charter #2491

This note was the last of the 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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