1929 Type 2 $10 Edwardsville, PA VF-25 PMG (Fr#1801-2) CH#9862
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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 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 $10 National Currency note was issued by the Peoples National Bank of Edwardsville, Pennsylvania.
Currency Highlights:
- These small size National Currency notes were issued beginning in early 1929.
- Housed in an archival quality currency sleeve by PMG.
- Graded Very Fine-25 by PMG.
- Friedberg #1801-2.
- CH #: 2604.
- Face: Features a portrait of the Benjamin Franklin..
- Back: Displays an engraving of Independence Hall.
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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