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- Product ID: 16272
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The 1929 $10 National Banknote from Wisconsin Rapids, WI, Charter #4639, holds a unique place in American numismatic history. The issuance of these notes was part of the National Banking Era, which began during the Civil War and extended until the mid-20th century. National Banknotes were designed to create a stable and uniform national currency. The National Bank Act of 1863 allowed for the establishment of National Banks, which could issue currency backed by U.S. government securities. By 1929, these notes were an essential part of the American financial landscape, representing the federal government's efforts to unify and stabilize the nation's currency.
The design of the 1929 $10 National Banknote is both intricate and symbolic. The obverse side features a portrait of Alexander Hamilton, the first Secretary of the Treasury, whose financial policies laid the groundwork for the modern American economic system. Hamilton's portrait is surrounded by ornate scrollwork and floral patterns, reflecting the artistic styles of the period. Above the portrait, the words "National Currency" and "United States of America" are prominently displayed, emphasizing the note's official status as legal tender. To the left of Hamilton's portrait, the name of the issuing bank, Wisconsin Rapids National Bank, is printed along with its charter number, 4639, indicating the specific institution responsible for the note's issuance.
On the reverse side, the note features an image of the U.S. Treasury Building, a symbol of the nation's financial stability and strength. The Treasury Building is depicted with remarkable detail, capturing the architectural grandeur of the early 20th century. Surrounding the central image are the words "Ten Dollars" and "National Currency," reiterating the note's value and federal backing. The intricate design elements on both sides of the note highlight the craftsmanship involved in its production and the importance placed on creating a visually appealing and secure currency.
The production of the 1929 $10 National Banknote was carried out by the Bureau of Engraving and Printing, the government agency responsible for producing all U.S. currency. The Bureau's high standards ensured that each note was made with precision and care. The paper used for these notes is a blend of cotton and linen, chosen for its durability and resistance to wear and tear. The printing process involved multiple steps, including intaglio printing, which creates raised designs that can be felt by touch, adding an extra layer of security against counterfeiting.
The mintage of the 1929 $10 National Banknote from Wisconsin Rapids, WI, was part of a broader effort to provide a stable and reliable currency during a time of economic change. The stock market crash of 1929 and the onset of the Great Depression created significant challenges for the American economy, and the role of National Banks in issuing currency was crucial in maintaining financial stability. Each note issued by the Wisconsin Rapids National Bank carried significant local economic weight, reflecting the financial health and stability of the region it served. The specific details of the mintage, including the total number of notes issued and their distribution, contribute to the note's historical significance and collectible value.
The condition of this particular 1929 $10 National Banknote is graded as Gem BU 65PPQ (Gem Brilliant Uncirculated, Premium Paper Quality). In this grade, the note is in nearly perfect condition, with no signs of wear or circulation. The paper retains its original crispness and brightness, and all design elements are sharp and clear. The colors are vibrant, and the intricate details of the engraving are fully intact. The designation of Premium Paper Quality indicates that the note is free from any defects or issues that might affect its overall appearance and preservation.
The 1929 $10 National Banknote from Wisconsin Rapids, WI, encapsulates a rich history of American banking and currency. Its design elements, including the portrait of Alexander Hamilton and the depiction of the U.S. Treasury Building, reflect the era's values and achievements. The limited mintage and regional significance further enhance its collectible value. Despite its Gem BU 65PPQ condition, the note's historical and artistic merits make it a valuable asset for collectors and historians alike. This note is more than just currency; it is a tangible piece of the American financial narrative, bridging the past and present through its existence.
The intricate design, historical context, and regional significance of the 1929 $10 National Banknote from Wisconsin Rapids, WI, make it a fascinating collectible. It represents an era of economic transformation and progress, encapsulated in a beautifully crafted piece of currency. For collectors, owning such a note is an opportunity to preserve and appreciate a tangible piece of American history, reflecting the nation's journey towards a unified and stable financial system. This note stands as a testament to the enduring legacy of the National Banking System and its impact on the American monetary landscape.