1902 Plain Back $10 Manistee, MI F-15 PMG (Fr#633) CH#2539 Net

1902 Plain Back $10 Manistee, MI F-15 PMG (Fr#633) CH#2539 Net

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This large size national bank note issued by the First National Bank of Manistee, Michigan has been certified Fine-15 by PMG. It is an excellent addition to any collection!

Currency Highlights:
  • These large size national currency notes were issued beginning in early 1902.
  • Housed in an archival quality currency sleeve by PMG.
  • Circulated plain back $10 note from Series 1902.
  • Graded Net Fine-15 by PMG.
  • Face: A portrait of President William McKinley.
  • Back: An engraving of an allegorical figure between two ships.
  • Charter #2539.
  • Friedberg #633.

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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