Description: 1902 $10 National Currency Plain Back – The Citizens NB Martinsville, IN – Fr. 631 NGC VF25 This 1902 $10 National Currency Plain Back note is from The Citizens National Bank of Martinsville, Indiana, and it holds a Very Fine 25 grade by PMG. Featuring the Friedberg number 631 and Charter #4964, this note represents a piece of Indiana’s early 20th-century financial landscape, when local banks issued currency for everyday commerce in their communities. Historical Significance: As part of the National Currency series, this note was issued under a unique federal banking system, enabling local banks to back their currency with government bonds. This practice helped stabilize local economies by providing a reliable source of currency. Notes from smaller towns like Martinsville were typically issued in lower quantities, adding to the scarcity and collectibility of surviving examples. Design and Features:Obverse: Features the portrait of William McKinley, reflecting the national pride and security of the era.Reverse: The "Plain Back" design is emblematic of the practical, simplified style used for later national banknotes.Serial Details: Includes serial number and plate position pp A, indicating its specific place in the printing process, along with original signatures from bank officials of The Citizens National Bank, who played a pivotal role in local banking. Specifications:Denomination: $10Type: National Currency – Plain BackGrade: PMG VF25Dimensions: Large size note typical of early 20th-century U.S. currency This Martinsville note is a captivating piece of history for collectors interested in U.S. currency, Indiana's banking legacy, or artifacts from the National Bank Note era. With its well-preserved condition and historical value, this note would make an excellent addition to any collection of regional banknotes or early American currency. Discover more unique currency items in Vierk's Eclectic Collection here.
Price: 389.92 USD
Location: Lafayette, Indiana
End Time: 2024-12-09T20:49:38.000Z
Shipping Cost: 0 USD
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Denomination: $10
Circulated/Uncirculated: Circulated
Type: Banknotes
Year: 1902
Grade: 25
Country/Region of Manufacture: United States
Certification: PMG
