#2 • 1929 $20 National Bank Note, Commercial National Bank of Kansas City KS

Part of Coin, Bullion, and Currency (timed auction by Schur Success Group)

High bid $60.00

Status: Sold

Banks with a federal charter could deposit bonds with the US Treasury, and issue national bank notes for up to 90% of the value The federal government then backed the notes, an important issue after the bank failures associated with the Depression. Charter numbers are shown on the face of the notes along with the bank name. Fr. 1801-1. Condition as shown. Shipping Yes