1929 Type 1 $5.00 Portland, Oregon VF-20 (Fr#1800-1) CH#1553
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Currency Highlights:
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 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 National Bank of Portland, Oregon. This is a nice problem-free Type 1 note. It has no unsightly blemishes or problems. Nice for the grade! CH#1553, Fr#1800-1.
Currency Highlights:
- These small size National Currency notes were issued beginning in early 1929.
- This is a Type 1 note.
- Housed in an archival quality currency sleeve graded Very Fine-20 by PMG.
- Face: A portrait of President Abraham Lincoln.
- Back: An engraving of The Lincoln Memorial.
- Signatures of Jones/Woods—Friedberg 1800-1.
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 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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