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1902 Date Back $5.00 San Francisco, CA XF

1902 Date Back $5.00 San Francisco, CA XF

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This large size National was issued by the Merchants National Bank of San Francisco, CA.

Currency Highlights:
  • These large size National Currency notes were issued beginning in early 1902.
  • Housed in an archival quality currency sleeve.
  • Lightly circulated Date Back $5.00 note from Series 1902 in XF condition.
  • Face: A portrait of President Benjamin Harrison.
  • Back: An engraving of the Pilgrims landing.
  • Charter #1741.

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.

A Charter number of 1741 indicates that this bank was organized in 1870.

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