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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 abil1ty of issuing paper money with their own imprints and bank names,thus National Bank Notes were created.
Type: 1902 $5 plain back
Bank: The Farmers National Bank of Mullica Hill, NJ
Charter: 6728, just 14 large on the bank.
Grade: Very Fine
Americana Currency is aNew Jersey based paper money dealer focusing onproviding quality banknotes and a diverse inventory forvirtually 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 wetry to list any problems you may not be able to see.Sometimes mistakes do happen and wemay miss something. If you are not satisfied with your purchase, you may return the item for a full refund within 30days. Professionalism combined with excellent customer service is a priority.Please feel free to message uswith any questions or concerns.
