1929 National Bank Notes

I love the 1929 National Bank notes. They are quite fun to collect and can have and gain significant value. As with anything condition is the key, however I have come to learn that with these particular notes, condition is a little more overlooked in lieu of acquiring a certain bank note from a particular region, state, county, etc. As with anything some notes of this type can be overpriced, but sometimes even the professionals don't quite know a value of a note. "It's worth whatever you paid for it" is usually the answer one gets.


Here is one of my favorite notes.


$20.00 The Perth Amboy National Bank, Perth Amboy, New Jersey
Charter # 12524
Type 1 “B-A” Block B000509A *LOW SERIAL NUMBER*
No Rips or tears. Three tiny pinholes in upper left hand corner of note. Great color and bold ink embossing. The edges are a bit rounded, but still retain it’s original edges. The upper right and lower right corners of the note slightly fold. No apparent fold marks.
Signed by Jones-Woods cashier and president.

 

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Nice note.
As for the S/N they are not unusual to see them low in Nationals, FYI

 

Nice! Haven't spotted many Nationals posted on CT in a while. Very nice to see and a nice low SN can be worth looking past certain conditional issues in this case if I were selecting this piece or minding a budget. Thanks for sharing.

 

Nationals are a very slippery slope, buy Kelly's book - "National Bank Notes" it is well worth the investment. What is particularly desirable about them is you can often collect them from a particular location, where you live, where your from, or in my instance where my grandfather was from. The 1929 issues are usually fairly common for collectors, not always though. Some places have more instances where the earlier 1902-1908 series are more common - and then there are others that are unknown in any collections.

 

I specifically collect the 1929 Nationals. I'll post a few more from my collection when I have more time. I'm learning everything I can about the 29 Nationals and I am aware of Don C. Kelley's book also.

 

Another fun book on Nationals, while very much dated and with NO illustrations, is National Banks of the Note Issuing Period 1863-1935 by Louis Van Belkum. I believe his work was in part the basis for more modern publications on Nationals. I like this old book because it's just pure data: columns and columns of bank charter numbers, city names and bank branch names, liquidation dates, title changes, and circulation figures. It's handy info, but remember to double check with other more recent guides should there be any discrepancies due to modern research/findings.

 

I always view the selection of National Bank Notes at various auctions trying to find notes of significance to myself or my family. My first was Tampa, (my hometown), then on a lark, I found a Scranton PA., just because of a TV show I watch that based there (THE OFFICE). I've also found that low serial numbers are not that unusual.





Nice Jersey note Silverhouse.

 

I've seen the Tampa National a few times, but the price is always too high. The Scranton Nationals I have seen always seem to go quickly at auctions and again, I have seen a few range over the 200 dollar mark. Thanks for sharing. Here is a 1929 20.00 note from Riggs Bank here in D.C.

$20.00 The Riggs National Bank of Washington,
District of Columbia
Bank Charter # 5046
Type 1 “C-A” Block C008946A
No rips, tears or pinholes. Two folds, one vertical and one light center fold. Note still retains some crispness.

The Riggs national bank is also known as “The Presidents bank.”
After accepting a government charter, "Riggs National Bank" was born in 1896. By 1900, Riggs was twice as large as any other bank in the capital. In 1909, Riggs' president formally presented to the U.S. Congress a plan for economic relief. Many financial reforms were implemented as a result of this plan, including the establishment of the Federal Reserve in 1913. Beginning in the early 20th century, the bank embarked on a successful project to become known as the bank of embassies and diplomats, and by 1950 most embassies in Washington were customers. Many branches thereafter opened within embassies in Washington D.C. and London.
In 2002, Joseph L. Allbritton, the Chairman of the Board, was inducted into the Washington Business Hall of Fame.
Through its history Riggs Bank served many notable personalities. Twenty-three U.S. Presidents or their families banked at Riggs, including Martin Van Buren, John Tyler, Abraham Lincoln, Ulysses S. Grant, Dwight D. Eisenhower, Richard Nixon.[2] Accounts were also held by Senators Henry Clay, John C. Calhoun and Daniel Webster, Confederate president Jefferson Davis, American Red Cross founder Clara Barton, suffragist Susan B. Anthony, and generals William Tecumseh Sherman and Douglas MacArthur

 

The only one that I own is a 1929 $20 Natl. Bank Note from New York, New York. It's in around VF; I'll see if I can get a pic later.

 

You know, I still don't have one of these notes yet. I found a listing for a whole strap from Harrisburg, PA, but are being sold as the strap for over $13,000. I think i'm going to have to pass.

 

i have always loved the small sized national notes. here are the chicago notes that i have. :thumb:

THE MUTUAL NATIONAL BANK OF CHICAGO


THE LAWNDALE NATIONAL BANK OF CHICAGO


NATIONAL BUILDERS BANK OF CHICAGO


THE NATIONAL BANK OF THE REPUBLIC OF CHICAGO


THE NATIONAL BANK OF THE REPUBLIC OF CHICAGO

 

I will post my one and only when I get home. Nice pics, keep a postin!!

 

I love your Chicago collection. Right now I'm working acquiring the B of A's from San Francisco. Both types 1 and 2. I don't care much for the 29 Federal Reserve Bank Notes. Three types of 1929's can get confusing, lol..

 

yeah it can be a bit much. i just grabbed one of each denomination up to $100 for the regular 1929 national notes from chicago. i also have a 1902 note that is from the same bank as the last 2 notes i posted. its one of the prizes of my collection.

1902 THE NATIONAL BANK OF THE REPUBLIC OF CHICAGO

 

1929 Nationals

Great bank note. I'll get into the older ones eventually. I like these Notes from the B of A S.F. Note the Triple 5's in the type 2 and the double digit repeater on the 10.00 note? I'd say these notes may appeal to both types of collectors. I took them out of the sleeves for the photos only.

 

Great looking notes, here's my one and only that I paid $80 for, hope I didn't overpay. Keep them pics a comin' even if posted on an earlier thread, we haven't seen them yet and it doesn't take much time either!

 

The serial reminds me to file my 2010 taxes.....nice note

 

I'd say you got it at a good price. I would have paid 80 for it.

 

:too-funny:

 

Glad to hear it, I'm gonna have to get a nicer one tho'. I've seen some on ebay but not for Sacramento. Anyone know if national notes for Sac are hard to find? :thumb: