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1929 Type 1 $5 Portland, ME - Portland National Bank - National Currency

1929 Type 1 $5 Portland, ME - Portland National Bank - National Currency

$215.00 Regular Price
$193.50Sale Price

10% Off Holiday Peace Dollar Special

Offered here is a $5 -1929 Portland, Maine Portland National Bank Note.

It is ungraded and looks to be in Fine Condition.

You will receive the note in the photos.

Thanks for Looking.

National Bank Note Types - Series 1929 Type 1

 

In 1929, all types of Federal currency were transitioned from large size to small size. This change was made for two reasons: Small size notes were cheaper and simpler to produce, and the Treasury wanted to adopt a uniform design for all types of paper money (for example, all small size $10 notes would have the same central portrait of Alexander Hamilton, the same counters on the corners, and the same back design).

Series 1929 small size National Bank Notes were issued from 1929 until the end of the National Bank Note Era in 1935 in denominations of $5, $10, $20, $50 and $100. There were two distinct types of small size National Bank Notes issued, with the same design, but different overprints: Type 1 notes were issued from July 1929 to May 1933 with the charter number overprinted twice in black, and Type 2 notes were issued from May 1933 to 1935 with the charter overprinted four times (twice in black, and twice in brown). Type 1 are much more common with 75% of the total small size survivors reported, compared to 25% for Type 2 notes.

Note: Small size National Bank Notes look very similar to the 1933 emergency issue of Federal Reserve Bank Notes. Due to time constraints, the emergency issue notes were printed using National Bank Note plates, but are not considered to be National Bank Notes. Both say "National Currency" along the top, but the emergency issue notes had the name of one of the twelve Federal Reserve Banks printed on the note, instead of a town's National Bank. The 1933 emergency issue Federal Reserve Bank Notes were discontinued in 1934.

 

 

 

  • Shipping and Returns

    Shipping and Delivery

    We pride ourselves on prompt delivery. If a coin is purchased on the website or over the phone and PayPal is the payment method, we will make every effort to send it the following day. Exceptions to this will be when we are at a show, in which case the coin(s) will ship when we return to the office. If check or money order is the payment method, we will deposit the check/money order and ship once payment has cleared.
    All of our shipments are USPS Priority mail or FedEx (depending on value). Signature confirmation is required for packages valued at $250 or above. We believe this is the best way to protect all parties from lost or stolen packages. Of course all packages are insured for the full purchase price. Tracking information will also be provided.
     

    Returns

    All coins we sell come with a no questions asked 30 day return privilege. We simply ask you let us know if a coin is being returned before the thirty days have expired. The last thing we want is someone to be unhappy with a coin purchase and will gladly issue a prompt refund once the coin is  returned in its original holder and condition.
     

    Contact Information

    If you have any questions or comments about these our Terms of Service as outlined above, you can contact us at:
    Woodland Treasure
    P.O. Box 71
    Baileyville, ME 04694
    207-214-8483
    leayer@woodlandtreasure.com

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