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The 1902 $10 National Banknote from Springfield, Tennessee, bearing Charter #12639, represents a fascinating piece of American currency history. Issued by a national bank in Springfield, this banknote played a crucial role in the local economy during the early 20th century.
Designed and printed by the Bureau of Engraving and Printing, the 1902 $10 National Banknote features intricate artwork and security features typical of turn-of-the-century American currency. The obverse side of the note showcases a vignette of President Andrew Jackson alongside the denomination "Ten Dollars" and the inscription "The First National Bank of Springfield, Tennessee." The reverse side displays various ornamental designs, including scrollwork and the words "National Currency," along with space for the bank's cashier and president to sign.
National Banknotes were issued under the authority of the National Banking Act of 1863, which sought to create a more stable banking system in the United States during the Civil War. Under this system, national banks could issue currency backed by U.S. government bonds, providing a uniform and reliable form of money across the country.
The 1902 $10 National Banknote from Springfield, Tennessee, is part of a series of similar banknotes issued by national banks throughout the United States during the early 20th century. Each banknote bears a unique charter number, indicating the specific bank of issuance, as well as the city and state where the bank was located.
In terms of mintage, the exact production figures for the 1902 $10 National Banknote from Springfield, Tennessee, are not readily available. National Banknotes were produced in varying quantities based on the needs of individual banks and the demand for currency in their respective communities.
Regarding condition, the 1902 $10 National Banknote from Springfield, Tennessee, in Very Good (VG) condition exhibits signs of moderate wear and circulation. The note may display creases, folds, and other signs of handling, but the design elements and text remain legible and intact. Despite its condition, this banknote retains its historical significance and collectible value.
Overall, the 1902 $10 National Banknote from Springfield, Tennessee, Charter #12639, provides a tangible connection to the economic and banking history of the United States during the early 20th century. Whether viewed as a collectible item, a historical artifact, or a piece of financial history, this banknote offers a glimpse into a bygone era of American currency and commerce.