1929 $5 National Currency

Nice example with sharp corners. It's hard to tell if it's AU or CU. I think I see a horizontal fold although that may just be a handling mark. AU notes go for under $100 and CU notes sell for $50-$100 more.

Does the note have any folds?

The two black horizontal lines black out the words "Cashier" on the left and "President" on the right.

This pre-printed paper stock was in use for printing Series 1929 type 1 and type 2 national bank notes for banks across the country.

By standardizing the production process and making it so that bank information could be overprinted rather than having individual plates sped up delivery and reduced costs.

The vertical black line I don't know what it is but have seen it on other national bank notes as well as FRBN's.

Thank you gentlemen. The note when I took it out of the holder to photograph did have a slight curl. It has no folds or pinholes. The vertical mark at the bottom is most likely a registration mark set too high as it is in the direct center of the bill. I was concerned with the ink smudge just right of Lincoln's left eye and the middle oval, but it was not brought up so it may not be too distracting. Price was closer to $50 than $100. Done with paper for a while! AG

Thanks Coinfrog. My national currency is complete. I want to stop collecting and start building inventory for business, concentrating on Morgan's. AG

Just to be clear, this note is not National Currency.

This is a Federal Reserve Bank Note. It was printed as emergency currency during the 1933 banking crisis. Because of the exigency of the situation, these notes were printed on existing stocks of paper that were originally to be used for National Currency. The titles of the President and Cashier were blocked out at the bottom because the Federal Reserve Bank officers used different titles.

lettow - Sorry, FRBNs such as this ARE National Currency, and they were NOT printed simply as an emergency measure on leftover stocks of national currency paper in 1933 or any other date.

Federal Reserve Bank notes were first issued in 1915 in large size and were always designated as National Currency in both sizes, deliberately under law. No emergencies!