1929 Type 1 $5.00 Sacramento, CA VF-30 PMG (Fr#1800-1) CH#10107

1929 Type 1 $5.00 Sacramento, CA VF-30 PMG (Fr#1800-1) CH#10107

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Product Details
This small size National was issued by the First National Bank of Sacramento, California. This is a nice problem free note.

Currency Highlights:
  • These small size National Currency notes were issued beginning in early 1929.
  • Housed in an archival quality currency sleeve.
  • Circulated Type 1 $5 note in Very Fine-30 condition as graded by PMG.
  • Obverse: This note has a portrait of Abraham Lincoln.
  • Reverse: An engraving of the U.S. Treasury Department.
  • Fr#1800-1. CH#10107.

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 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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