Description: 1902 $5 National Currency - Grace National Bank of New York, PCGS Banknote VF 30 This attractive note was hand signed by the bank executives and was only issuable once the banks had purchased government secured bonds. An attractive note from Grace, NY - Charter #12553Currency Highlights:These large size National Currency notes were issued beginning in early 1902.Housed in a mylar currency sleeve. Still has protective film from grading service.Circulated $5 note from series 1902 graded Very Fine-30 by PCGS Banknotes.Face: A portrait of President Benjamin Harrison.Back: An engraving of the pilgrims landing on Plymouth rock.Signature combo of Speelman/White - Charter #12553This 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. Over 12,000 banks were chartered and issued notes, so this is one of the last charters.Free shipping to U.S.
Price: 485 USD
Location: Galesburg, Illinois
End Time: 2024-09-10T23:26:26.000Z
Shipping Cost: 0 USD
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Denomination: $5
Circulated/Uncirculated: Circulated
Type: Banknotes
Year: 1902
Grade: VF30
Certification: PCGS Currency
Modified Item: No
