1929 Type 1 $20 Springfield, IL VF (Fr#1802-1) CH#3548
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Currency Highlights:
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 Springfield National Bank of Springfield, Massachusetts has Charter #4907.
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.
This Series 1929 National was issued by The Illinois National Bank of Springfield, Illinois. This is a nice Type 1 note in Very Fine condition that would make an excellent addition to your collection.
Currency Highlights:
- 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.
- Charter #3548.
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 Springfield National Bank of Springfield, Massachusetts has Charter #4907.
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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