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1902 Plain Back $5.00 Pasadena, CA VF-20 PCGS (Fr#599) CH#3499 Ap

1902 Plain Back $5.00 Pasadena, CA VF-20 PCGS (Fr#599) CH#3499 Ap

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$1,179.00

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This large size national currency note issued by the Burnes National Bank of St. Joseph, Missouri has been certified Very Fine-20 Apparent by PCGS. It is an excellent addition to any collection!

Currency Highlights:
  • Circulated plain back $5 blue seal note from Series 1902.
  • These large size national currency notes were issued beginning in early 1902.
  • Housed in an archival quality currency holder by PCGS.
  • Graded Very Fine-20 Apparent by PCGS.
  • Comment: Small Edge Splits.
  • Face: A portrait of President Benjamin Harrison.
  • Back: An engraving of the Pilgrims landing.
  • Charter #3499.
  • Friedberg #599.
Some 12,000 banks were chartered and issued notes, and 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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