-
Inventory:
1 In Stock
- Product ID: 54549
Checkout
The 1929 $10 National Bank Note from Ellwood City, Pennsylvania, Charter #8678, is a remarkable example of American currency that not only reflects the artistry of its design but also captures a unique moment in U.S. economic history. Graded F (Fine), this note showcases the changes in banknote production and circulation that occurred during the late 1920s, a period marked by significant economic transformation and recovery following the turmoil of World War I.
The history of the $10 National Bank Note can be traced back to the National Banking Act of 1863, which established a system of national banks that could issue their own currency backed by U.S. government bonds. These notes played a crucial role in the economy, providing a reliable medium of exchange that supported commerce and trade. By the time the 1929 series was introduced, the economic landscape had changed dramatically, with the country transitioning into a new era of banking and finance characterized by greater regulation and oversight.
The 1929 series was introduced as part of an effort to standardize banknotes and improve security features. The notes were smaller in size compared to their predecessors, which made them easier to handle and use in everyday transactions. This change also reflected advancements in printing technology, which allowed for the production of more intricate and secure designs. The 1929 $10 National Bank Note was issued during a time when the economy was recovering from the effects of the Great Depression, and the government sought to bolster public confidence in the financial system through improved currency.
The obverse of the 1929 $10 National Bank Note features a portrait of Alexander Hamilton, the first Secretary of the Treasury, who is credited with laying the foundation for the American financial system. His image is prominently displayed on the left side of the note, framed by intricate design elements and the text “THE UNITED STATES OF AMERICA” and “TEN DOLLARS.” Hamilton’s presence on the note symbolizes the importance of fiscal responsibility and governance in shaping the nation’s economic policies. The choice of Hamilton as the featured figure highlights the connection between the currency and the principles of American democracy and financial stability.
On the reverse side, the design features an image of the U.S. Treasury Building, a symbol of the federal government’s role in managing the nation’s finances. This depiction reinforces the Treasury’s significance in ensuring economic stability and highlights the importance of government institutions in maintaining public trust in the currency. The reverse design prominently displays the denomination “10” within a decorative border, making it easy to identify the note's value. The intricate details on both sides of the note reflect the Bureau of Engraving and Printing’s commitment to producing currency that is both functional and visually appealing.
Minted by the Bureau of Engraving and Printing, the 1929 $10 National Bank Note was produced under stringent quality controls. The Bureau has a long-standing reputation for excellence in currency production, and the 1929 series exemplifies innovations in design and security. The careful selection of high-quality paper, specialized inks, and advanced printing techniques ensured the note’s durability and longevity while enhancing its aesthetic qualities. These features made the note a reliable means of exchange and a collectible piece of art.
In terms of mintage, the 1929 $10 National Bank Notes were printed in substantial quantities to meet the economic demands of the time. Although specific mintage figures for the Ellwood City note may vary, it is estimated that millions of these notes were produced. National Bank Notes like this $10 bill played a crucial role in facilitating transactions and supporting commerce across the nation. However, the survival rate of these notes in higher grades is relatively low, making high-grade examples particularly sought after by collectors.
The significance of the 1929 $10 National Bank Note from Ellwood City extends beyond its face value; it serves as a historical artifact that connects collectors to a transformative period in American history characterized by economic recovery and reform. The note reflects the Federal Reserve's efforts to modernize its currency in response to the challenges of the time, making it a valuable piece for those interested in the evolution of U.S. currency. Collectors appreciate this note not only for its design and aesthetic qualities but also for the narrative it conveys about the growth and resilience of the American financial system.
Additionally, the 1929 $10 National Bank Note has gained recognition among collectors for its unique design features and historical context. The imagery of Alexander Hamilton and the U.S. Treasury Building resonates with many Americans, symbolizing the ideals of fiscal responsibility and governance that underpin American democracy. The combination of artistic merit, historical significance, and the limited availability of high-grade examples contributes to the desirability of this note among collectors.
Graded F, this note exhibits moderate signs of wear, indicating that it has been in circulation but has been preserved over the years. The details are still relatively sharp, and the colors remain vibrant, making it an attractive addition to any collection. This condition is especially appealing for collectors who seek to own a piece of history that has maintained its quality despite its age. The 1929 $10 National Bank Note, with its intricate details and historical significance, stands as a testament to the craftsmanship involved in U.S. currency production.
In conclusion, the 1929 $10 National Bank Note from Ellwood City, PA, Charter #8678, is a remarkable piece of American currency that highlights the historical and economic significance of the late 1920s. With its exquisite design, rich historical context, and connection to the legacy of U.S. paper money, this note serves as a testament to the artistry of American currency production and the enduring allure of collectible paper money. By acquiring this note, individuals gain not only a valuable piece of history but also a tangible representation of their appreciation for America’s financial heritage. As a collectible, the 1929 $10 National Bank Note continues to be sought after by enthusiasts and investors alike, encapsulating a vital chapter in the story of American resilience and adaptation.