LOW Serial Number, Comes in Clear PVC Sleeve for Protection!! Check out the pictures and grade for yourself!! Series of 1929 national bank notes come in two varieties. Collectors call these type 1 and type 2 varieties.
The Government Printing Office printed these notes with the same design except for the name of the banks, signatures of the bank officers and the Charter number. National Currency notes were made from 1863 to 1929. These notes were a way of creating confidence in an always shaky banking system. Member banks were required to deposit bonds with the government.
The bank could then issue currency equal to 90% of the amount of the bonds. The financial panic of 1929 destroyed many of the National Banks and put an end to this system. There were more than 14,000 banks that issued National Currency and there are large numbers of avid collectors. The 1929 issue was the only "small size" issue, that is to distinguish from the "horse blanket" size notes of years previous to 1929.
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