National Currency - Series 1929

 Bank President: ???  Order Added to Collection: 65
 Bank Cashier: ???  Front Plate: I243
 Terms of Office: ???  Back Plate: 350
 Delivery Date Start: ???  Serial Number: A003399
 Delivery Date End: ???
 Notes: Favorite bill in the collection.
window back128 window back128G  window back128Y   

USN 1928 Front


USN 1928 Back

The difference between Type 1 and Type 2 is the bank charter number is printed next to the serial number on the Type 2.  Lastly the serial number no longer has the suffix letter printed.


To the rarity of National Currency:

This system, signed into law by Lincoln in 1863, had the banks deposit funds into the U.S. treasury and then they could have currency printed with their banks name on it up to 90% of their deposit.  If the back went under the U.S. would honor the bills but many many many were never returned and the US - well made bank on the deal.  The larger the city meant the larger the bank and thus meant the more currency they had printed with their name on it.  New York, San Francisco, Chicago had million printed and are so easy to find there are very very cheap.  Smaller cities had less printed and hare more rare. I just so happen to have a 1929 National Currency $5 from the "First National Bank of Bakersfield".  At the time the city was <26K in population.


 Title  Name  Service Dates  Autograph
 Cashier  ???  ??? tate
 President  ???  ??? mellon
 Register  Edward Everett Jones  1/22/1929 - 5/31/1933 jones
 Treasurer  Walter Orr Woods  1/18/1929 - 5/31/1933 woods