1902 Plain Back $50 New York, NY VF (Fr#675) CH#1105
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$899.00
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Product Details
This large size National was issued by the Boweryand East River National Bank of New York, New York. This note comes in Very Fine condition and would make an excellent addition to your collection.
Currency Highlights:- These large size National Currency notes were issued beginning in early 1902.
- Housed in an archival quality currency sleeve.
- Very Fine condition.
- Circulated Plain Back $50 note from Series 1902.
- Signatures of Lyons/Roberts. Fr#: 675.
- CH#: 1105.
- Face: A portrait of John Sherman..
- Back: Locomotive and denomination.
Since over 12,000 banks were chartered and issued notes, these issues have become highly sought after by collectors. Add this nice collectors 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. - Specifications
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