A Rare Window into America's Decentralized Currency Era

This listing offers a superb and historically significant example of American currency. It is a 1929 Series Ten Dollar National Bank Note, issued by the historic First National Bank of Pittsburgh, Pennsylvania.

The note is certified by Paper Money Guaranty, or PMG, and graded as Choice Uncirculated 63 with the EPQ, or Exceptional Paper Quality, designation. This prestigious certification confirms the note's high degree of originality and preservation, with crisp details and vibrant colors that collectors demand. The front features a classic portrait of Alexander Hamilton, while the reverse displays the United States Treasury Building. The serial number is E073945A.

Historical Context: National Bank Notes

This note is a tangible piece of a fascinating chapter in American financial history. National Bank Notes were issued by thousands of individual banks across the country under federal charters between 1863 and 1929. These notes were backed by United States Bonds deposited with the Treasury, creating confidence in the banking system during an era of financial instability.

The 1929 issue was the only small-size National Bank Note series ever produced, representing the final chapter of this decentralized currency system before it was phased out. The financial panic of 1929 effectively put an end to this system, making these notes prized collectibles for those who appreciate the history of American banking.

The First National Bank of Pittsburgh

This note originates from the First National Bank of Pittsburgh, a bank with a rich and distinguished history. It was originally chartered in 1863 under Charter Number 48 and later reorganized under the same charter number in 1902. The bank issued a total of more than six point two million dollars in National Bank Notes during its operation, making it a significant institution in Pennsylvania banking history.

PMG 63 EPQ: A Mark of Excellence

The PMG 63 EPQ grade is a powerful assurance of quality. The Choice Uncirculated 63 designation indicates a note with no evidence of circulation wear and strong visual appeal. The EPQ, or Exceptional Paper Quality, designation confirms the note is completely original and has not been chemically or physically altered to improve its appearance.

Design and Specifications

The obverse of this note features the portrait of Alexander Hamilton, the first Secretary of the Treasury and one of the most influential figures in American financial history. The reverse displays the United States Treasury Building, a fitting image for a note issued under the National Banking System.

Product Specifications

Denomination: 10 Dollars
Type: National Bank Note, Small Size
Series: 1929
Bank: First National Bank of Pittsburgh, Pennsylvania
Serial Number: E073945A
Certification: PMG Currency
Grade: Choice Uncirculated 63 EPQ

Why This Note Deserves a Place in Your Collection

This is a note from a historic issuer, the First National Bank of Pittsburgh, a bank chartered in 1863. It represents the final chapter of decentralized currency, as 1929 was the only small-size National Bank Note series, ending a system that dated back to the Civil War. It carries PMG 63 EPQ certification, a high-grade, original example with Exceptional Paper Quality. It features a classic design with the portrait of Alexander Hamilton, first Secretary of the Treasury. National Bank Notes from significant cities and in premium condition are highly sought after by collectors. Most of all, it is a tangible connection to an era when thousands of local banks issued their own currency, each note a reflection of its community and its place in American history.

This note is more than currency. It is a piece of American banking history, offering a rare glimpse into the decentralized currency system that shaped the nation's financial landscape for more than six decades. For the discerning collector, it represents a truly significant and desirable acquisition.

The auction is live. Notes of this caliber do not appear often. Place your bid and secure this remarkable piece of history for your collection.

Dimensions:
Height 3.1, Width 7.4, Depth 0.004 inches
Weight 0.04 oz

Condition:
Excellent: Graded 63 EPQ by PMG, indicating Choice Uncirculated condition with Exceptional Paper Quality. The note shows no signs of circulation, tears, folds, or repairs, maintaining its original crispness and color.

Your purchase is protected:
In the rare event that the item did not conform to the lot description in the sale, Chairish Auctions specialists are here to help. Buyers may return the item for a full refund provided you notify Chairish Auctions within 5 days of receiving the item.

• Low Estimate: 750.00
• High Estimate: 1500.00