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<p>[QUOTE=&quot;Collecting Nut, post: 2318226, member: 74863&quot;]This is a National Bank Note, issued by National Banks and chartered by the US Government. It should have been backed by US Bonds on deposit with the US Treasury. The banks were required to maintain a redemption fund amounting to 5% of any outstanding note balance in gold or lawful money. The serial number was assigned by the issuing bank. Serial numbers over 10,000 are common.</p><p><br /></p><p>National Currency was printed between 1862 and 1935. The earlier the issue, the rarer it is. Denominations ranged form $1.00 to $1000.00 with the five, ten and twenty being the most common. Lower denominations were issued for a short time and are rare. High denominations were costly to save and rarely printed.</p><p><br /></p><p>The blue seal was used after the red seal. The bill is signed by 2 people, the Cashier and the President of the Bank. Since both of their signatures appear twice it is safe to assume this note was issued and redeemed twice.</p><p><br /></p><p>As for the price, it&#039;s on the high side given the condition of the bill. Still, it&#039;s neat to own and they don&#039;t make them like this anymore. Hope this helps. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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