This Series 1929 Type 1 $20 National Currency note was issued by the Riggs National Bank of Washington, District of Columbia. National Banknotes are a very popular area of U.S. paper money collecting!
- National Currency notes issued beginning in early 1929.
- Housed in an archival quality currency sleeve.
- Circulated $20 note from series 1929 in Extremely Fine plus condition.
- Face: A portrait of Andrew Jackson.
- Back: An engraving of the White House.
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.
This series 1929 $20 National Note was issued by The Riggs National Bank of Washington, D.C. Only 27 banks were issued a charter for the District of Columbia, and this Charter #5046 is one of the easier ones to obtain. This makes it a great candidate for a type collection!