-
Inventory:
1 In Stock
- Product ID: 31389
Checkout
The 1929 $10 National Bank Note from Lancaster, Pennsylvania, is an important part of the history of U.S. currency and numismatics. This particular note, with the Charter Number #3987, is part of the series of National Bank Notes that were issued following the National Banking Act of 1863. These notes were part of a larger effort to standardize currency and create a more stable financial system in the U.S. The 1929 series of National Bank Notes were issued in response to the increasing need for currency in the early 20th century, as the U.S. economy expanded rapidly during the period. The Lancaster $10 note is an example of the many regional notes issued by individual banks during this era.
The design of the 1929 $10 National Bank Note is rooted in the classic style of U.S. currency used during this time. The front of the note features a portrait of Alexander Hamilton, the first Secretary of the Treasury, who played a pivotal role in the creation of the American financial system. His image is central to the design, a hallmark of the National Bank Notes from this era, which commonly featured portraits of prominent figures from U.S. history. The back of the note carries a distinctive design featuring intricate patterns and elements that emphasize the note's official status as a government-issued currency. The distinctive blue and red inks used in the design added both a decorative and functional element, helping to deter counterfeiting.
The Lancaster National Bank Note was issued by the Lancaster National Bank, a financial institution established in Lancaster, Pennsylvania, under the National Banking Act of 1863. As with all National Bank Notes, these bills were backed by the U.S. government, which guaranteed their value through the holdings of the issuing bank. The bank's location and its unique charter number, #3987, serve as identifiers on the note, making it a collectible item for those interested in the regional banking history of the United States. Lancaster, being a key city in Pennsylvania, was an important economic center during the early 20th century, making its National Bank Notes particularly sought after by collectors and historians alike.
The 1929 series marked a significant shift in U.S. currency. Prior to this, the design of U.S. paper money had remained largely unchanged for decades. The 1929 redesign was part of a broader move to modernize the look of U.S. currency while maintaining the traditions of portraiture and historical symbolism. The size of the notes was also reduced, making them easier to handle and transport. This change in size, along with the updated designs, made the 1929 National Bank Notes a departure from previous issues and an important part of the evolution of U.S. paper currency.
The mintage of the 1929 $10 National Bank Notes, including those from Lancaster, Pennsylvania, varied depending on the issuing bank. While exact figures for Lancaster’s note are difficult to determine, it is known that many banks issued large numbers of these notes. The rarity of any specific note often depends on how many were issued and how many are still in existence. Some notes, like those from Lancaster, are rarer due to the limited lifespan of the bank or the specific region in which they were issued. As such, Lancaster National Bank Notes are highly prized by collectors, especially when in good condition and with original signatures and serial numbers intact.
The 1929 $10 National Bank Note from Lancaster is known for its historical significance, but its condition also plays a large role in its value. The note in question has been graded as Fine (F), a grade that indicates the note has been well-preserved for its age but shows moderate signs of wear and handling. In this grade, the overall design and imagery of the note are still clear, but some of the details may have become slightly worn due to circulation. The serial numbers, signatures, and other key elements of the note are still distinguishable, making it a good example of a mid-grade National Bank Note from the 1929 series. While not in pristine condition, a Fine grade example of the Lancaster $10 note still holds significant value for collectors and historians alike.
For collectors, the 1929 $10 National Bank Note from Lancaster represents more than just a piece of currency; it is a tangible link to a specific time in U.S. history. The note reflects the economic climate of the late 1920s, just before the onset of the Great Depression, and the role that regional banks played in providing financial services to local communities. As such, it serves as both a collector's item and a piece of historical significance. The rarity of this note, especially in higher grades, only increases its appeal to those interested in U.S. paper money, regional banking, and the development of the American economy during the early 20th century.
In conclusion, the 1929 $10 National Bank Note from Lancaster, Pennsylvania, is a remarkable example of U.S. currency from the period and an important item for collectors. With its distinctive design, historical significance, and regional appeal, this note continues to be a highly valued part of the history of U.S. paper money. The Fine grade ensures that it is still a valuable piece for collectors, while the historical context of the note adds to its allure. The Lancaster note stands as a testament to the role of regional banks in shaping the financial landscape of the United States during a pivotal period in the nation’s history.