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1902 Plain Back $5.00 St. Louis, MO XF

1902 Plain Back $5.00 St. Louis, MO XF

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A nice note with some creasing and some minor staining that does not detract!

Currency Highlights:
  • These large size National Currency notes were issued beginning in early 1902.
  • Housed in an archival quality currency sleeve.
  • Almost Uncirculated $5.00 note from series 1902.
  • Face: A portrait of President Benjamin Harrison.
  • Back: An engraving of the landing of the Pilgrims.
  • Charter #5172.

National Banknotes are a very popular area of U.S. paper money collecting. Add this nice collector’s item to your cart today!

Signatures of Teehee/Burke—Friedberg#606.

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 5172 indicates that this bank was organized in 1899. Since over 12,000 banks were chartered and issued notes, these issues have become highly sought after by collectors. This bank issued nearly 20 million dollars under this charter, but it was closed in 1935.

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