1929 $50 Commercial NB Shreveport Louisiana CH#13648 Fr#1803-2 Type 2 PMG VF25

Product Description

A Series Of 1929 $50 Commercial National Bank In Shreveport, Louisiana National Note Type 2 Charter # 13648 Fr#1803-2 with signatures Jones/Woods and serial # A001241 graded Very Fine 25 with an annotation for 'Annotation' by PMG. This note displays an off white/light grey paper color, visible creases/folds, annotation in pencil on the obverse by the portrait and uneven margins.

National banknotes were a form of United States paper currency distributed by National Banks authorized by the United States government. Starting in 1863 under the National Banking Act, banks with federal charters would deposit bonds into the U.S. Treasury which in turn would allow them to issue banknotes valued up to 90% of the bond's face value. Throughout their years of issue, National Bank Notes were primarily large sized. Each large sized National Bank Note was assigned two distinct numbers. The Treasury serial number indicated the total number of notes of that series and denomination issued by all banks. The bank serial number indicated the number of notes of that series and denomination issued only by that bank.