|1865-1902 SERIES LARGE
Prior to the American Civil War, state banks issued their own banknotes. During the Civil War, in 1863, the National Banking Act established a system of National Banks which were empowered to issue National Bank Notes subject to federal oversight. The chartering of banks and administrative control over the issuance of National Bank Notes were the responsibility of the Office of the Comptroller of the Currency
|CHARTER #597||Series 1875||$10.00 ORIGINAL||The Farmers National Bank of LANCASTER PA||P.M.G #25||$4500.00|
|This is the only known Original $10 from this Charter #597... a UNIQUE note. #12 TOTAL for this bank.|
||Series 1902 PB
||First National Bank in BESSEMER AL *FINEST of 3 KNOWN*
|This is a problem free example and is the finest of three known Plain Back $10's from this Charter #.
SERIES SMALL SIZE NATIONALS
National Bank Notes were originally authorized by an Act of Congress Feb. 25, 1863. Their issue peaked in 1933, when about $900 million of these notes were in circulation. Issue ceased in 1935, when the bonds backing the notes were redeemed and notes recalled. By 1960 the volume of nationals reported in circulation had shrunk to approximately $50 million. Through the years many notes have been lost or destroyed. It’s very rare to see one in circulation today, unless one is spent when a collector dies and relatives don’t understand their collector value.
||1929 TYPE #1
||The Pioneer National Bank of DULUTH MN
|This is (by far) the finest graded Type I on this charter number, deserving of a good home.|
||1929 TYPE #2
||The Sellersville National Bank SELLERSVILLE PA
|This becomes the 6th known Type II on this charter #, and is a very nice looking note (with some light staining on the reverse)
||1929 TYPE #2||$10.00||The Reedsville National Bank REEDSVILLE PA
is a UNIQUE note as it is the only Type 2 known on this Charter
#. Totally orginal note and is a slider XF that we are calling
|CHARTER #4818||1929 TYPE #1||$100.00||The First National Bank of ELLWOOD CITY PA||Fine||$SOLD|
|This is the third known 1929 $100 from this rare bank, and hasn't seen a public auction since 1996. It has some paperclip rust on the front but is fully intact.|
RESERVE BANK NOTES (FRBN's)
As large size notes, they were first issued in 1914 with a design that shared elements with both the National Bank Notes and the Federal Reserve Notes of the time, but as small size notes they were issued only as an emergency issue in 1933 using the same paper stock used for National Bank Notes. As a result, the pre-printed "President," for the signature of the president of a national bank, was overprinted with a black bar since Federal Reserve Banks had governors, not presidents. This emergency issue was prompted by the public hoarding of cash because of the many bank failures happening at the time. This also limited the ability of the National Banks to issue notes of their own. They were discontinued in 1945.
||H00035771* TOP POP at either service
is the TOP POP and thus finest known (at either PCGS or PMG) St Louis
FRBN $10 star. A nice addition to a serious FRBN collection.
||$50.00 (set of 2)
||G00211785A and G00211786A (CONSECUTIVE PAIR)
||P.M.G # 63 EPQ