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The 1929 $5 National Bank Note from Bath, ME, with Charter #2743, in Fine condition, is a fascinating and significant piece of American currency history. National Bank Notes were a unique form of currency issued by national banks chartered by the federal government, playing a critical role in the U.S. monetary system from the Civil War era until the mid-20th century. This note, bearing the charter number 2743 from Bath, Maine, is a prime example of the local banking institutions' integral role in the nation's financial fabric during that period. The Fine condition of this note, despite showing signs of wear, retains essential design elements, making it a valuable collectible for enthusiasts and historians alike.
National Bank Notes were introduced under the National Banking Act of 1863, aiming to create a national banking system, establish a uniform national currency, and finance the Civil War. These notes were issued by national banks that received charters from the federal government and were backed by U.S. government bonds deposited with the Treasury. The 1929 series, issued during the Great Depression, marked the last issuance of this type of currency, making them particularly significant. The notes from this series were smaller in size compared to earlier issues and featured updated designs reflecting the changing times.
The design of the 1929 $5 National Bank Note is both practical and emblematic of its era. The obverse features a portrait of Abraham Lincoln, the 16th President of the United States, whose leadership during the Civil War and dedication to preserving the Union made him an enduring symbol of American values. Lincoln’s portrait is prominently displayed in the center of the note, surrounded by an ornate border. The name of the issuing bank, "The First National Bank of Bath," along with the charter number "2743," is printed on the left side, reinforcing the local nature of this currency. The denomination "5" appears on both sides of the portrait, and the serial numbers are printed in blue, adding to the note’s historical and aesthetic appeal.
The reverse of the note features an image of the Lincoln Memorial in Washington, D.C., symbolizing national unity and American ideals. This central vignette is surrounded by intricate scrollwork and ornamental elements, with the words “The United States of America” and “Five Dollars” prominently displayed. The overall design reflects the craftsmanship and attention to detail characteristic of the Bureau of Engraving and Printing (BEP), the federal agency responsible for producing U.S. paper currency. The BEP employed advanced printing techniques and stringent quality control measures to ensure the accuracy and durability of the notes.
The 1929 $5 National Bank Note from Bath, ME, was printed by the BEP and distributed through The First National Bank of Bath, a local financial institution that played a crucial role in the community's economic life. National banks like this one were integral to the financial infrastructure of the United States, providing essential banking services and contributing to local development. The charter number "2743" signifies the bank's establishment and its role in the national banking system, reflecting its historical significance. The note's issuance during the Great Depression adds to its historical value, representing a time of significant economic hardship and change in the United States.
The mintage of the 1929 $5 National Bank Note varied depending on the issuing bank and the demand for currency. Notes from smaller towns and banks with lower print runs, like Bath, are often rarer and more sought after by collectors. The Fine condition of this note indicates it has experienced moderate circulation but remains relatively well-preserved. It shows signs of wear, such as minor creases, folds, and slight discoloration, yet retains its essential design features, making it a valuable addition to any collection. The Fine condition also adds a layer of authenticity and character, reflecting its history and use during a pivotal time in American history.
The 1929 $5 National Bank Note from Bath, ME, is a notable example of American currency that tells a story of the nation’s economic and social evolution. As an artifact, it represents the trust and stability of the U.S. monetary system during the early 20th century. Collectors and historians alike appreciate this note for its blend of aesthetic beauty and historical relevance, making it a significant piece in the study of American numismatics. The presence of the blue serial numbers, the specific bank designation, and the prominent image of Abraham Lincoln enhance its appeal and underscore its place in the rich tapestry of U.S. currency history.
In conclusion, the 1929 $5 National Bank Note from Bath, ME, with Charter #2743, in Fine condition, is a valuable and historically significant piece of American currency. Its design, historical context, and minting details make it a cherished addition to any collection. This note serves as a tangible connection to the past and a reminder of the values and ideals that have shaped the United States. Whether for its historical significance or its visual appeal, this note is a prized possession for any numismatist or collector of American currency.