Description: On February 25, 1863 the United States Congress passed the Loan Bill better known as the National Banking Act. Under this system, all banks that were granted charters by the United States Government were allowed to deposit government bonds with the Treasurer of the United States, after which they could issue notes in an amount that was limited to 90% of the par value of the bonds so given. The banks would earn interest on the bonds and would also have the ability of issuing paper money with their own imprints and bank names, thus National Bank Notes were created.Type: 1902 $5 plain back. This bank issued many Third Charter fives resulting in the needed use of a prefix letter A for its serial numbers near the end of the large note era.Bank: The Merchants-Laclede National Bank of Saint Louis, Missouri. Charter: 5002Grade: PMG Gem Uncirculated 65 EPQ, a good looking example with bright original paper! Americana Currency is a New Jersey based paper money dealer focusing on providing quality banknotes and a diverse inventory for virtually every collector. We are Authorized Dealers for PCGS Currency and PMG as well as members of the PCDA (Professional Currency Dealers Association) and SPMC (Society of Paper Money Collectors) Thank you for choosing Americana Currency for all of your paper money collecting needs! We understand grading a picture a note on the computer can be difficult. In addition to high resolution scans we try to list any problems you may not be able to see. Sometimes mistakes do happen and we may miss something. If you are not satisfied with your purchase, you may return the item for a full refund within 30 days. Professionalism combined with excellent customer service is a priority. Please feel free to message us with any questions or concerns.
Price: 1495 USD
Location: Allenwood, New Jersey
End Time: 2024-11-13T14:01:47.000Z
Shipping Cost: 0 USD
Product Images
Item Specifics
Return shipping will be paid by: Seller
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Circulated/Uncirculated: Uncirculated
Denomination: $5
Type: Banknotes
Year: 1902
Certification Number: 1234
Grade: 65
Grade Designation: EPQ/PPQ
Country/Region of Manufacture: United States
Certification: PMG
