Product Details
CVC & Collectibles presents a $20 National Currency issued by Albert Lea, Minnesota type-1 graded by PMG a 20 Very Fine. National currency was issued to improve the economic situation during the great depression era. Each national bank had the ability to print it’s national currency with its ability to be spent on goods and services to boost the economy. While banks would print currency they could only print 90% of the total amount of treasury bonds deposited, but only banks with a federal charter had this ability.
Currency Highlights:
- Small Modern National Currency notes
- Sealed in an inert mylar currency holder certified by PMG.
- $10 note from Series 1929
- Graded Very Fine 20 by PMG
