1929 Type 1 $50 First Wayne NB of Detroit, MI VF CH#10527

Currency Highlights:

• These small size National Currency notes were issued beginning in early 1929.
• Housed in an archival quality currency sleeve.
• Note is in Very Fine condition.
• Face: Features a portrait of Ulysses Grant.
• Back: Features an engraving of the White House on the back.
• CH#10527, First Wayne National Bank of Detroit.

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Charter number 10527, the First Wayne National Bank was organized in April 1914, rising during a period of extraordinary industrial growth as Detroit cemented its place as the automotive capital of the world. Over the course of its operation, this institution issued more than $38.5 million in National Currency, playing a meaningful role in financing the commerce and daily life of one of America's most vital cities. Like so many banks of its era, the First Wayne National Bank could not withstand the crushing economic tide of the Great Depression, entering receivership in May 1933 as the nation's banking system buckled under the weight of financial collapse. This $50 note, grading Very Fine, is a tangible survivor of that turbulent era, retaining strong detail and honest circulation that speaks to its life as working currency on the streets of Detroit.