1902 $20 Plain Bck Mount Pleasant National Bank of Mount Pleasant, TN PCGS 50 F#: 652

$769.95

1902 $20 Plain Bck Mount Pleasant National Bank of Mount Pleasant, TN PCGS 50 F#: 652

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Description

1902 $20 Plain Bck Mount Pleasant National Bank of Mount Pleasant, TN PCGS 50 F#: 652

National Bank Notes were United States currency banknotes issued by National banks chartered by the United States Government. The notes were usually backed by United States bonds the bank deposited with the United States Treasury. In addition, banks were required to maintain a redemption fund amounting to five percent of any outstanding note balance, in gold or “lawful money”.

Idaho National Bank Notes… Written by Jeff Smith

 

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