1929 Type 1 $5.00 New York, New York Fine (Fr#1800-1) CH#13045
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Currency Highlights:
Protect your small size currency by adding a protective currency holder 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 of the series of national currency notes that was 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.
This $5 Type 1 is from The Seward National Bank and Trust Company of New York, NY. The note is in Fine grade and would be a nice addition to any small size national collection!
Currency Highlights:
- Small size National Currency issued beginning in early 1929.
- Housed in an archival quality currency sleeve.
- $5 note in Fine condition.
- Face: A portrait of President Abraham Lincoln.
- Back: An engraving of The Lincoln Memorial.
- Signatures of Jones/Woods—Friedberg #1800-1.
Protect your small size currency by adding a protective currency holder 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 of the series of national currency notes that was 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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