1902 Plain Back $10.00 San Francisco, CA Fine (Fr#TBD) CH#9174

1902 Plain Back $10.00 San Francisco, CA Fine (Fr#TBD) CH#9174

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This large size National was issued by the Anglo & London Paris National Bank of San Francisco, California.

National Banknotes are a very popular area of U.S. paper money collecting!

Currency Highlights:
  • These large size National Currency notes were issued beginning in early 1902.
  • Housed in an archival quality currency sleeve.
  • Circulated Plain Back $10 note in Fine condition.
  • Charter #9174 indicates that this bank was organized in June of 1908.

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This note was the last of the Large Size 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. Since over 12,000 banks were chartered and issued notes, these issues have become highly sought after by collectors.

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