Does this $10 note have any value?

[Steve in PA]

This 1929 $10 National Currency bill was issued by a tiny bank in a tiny coal mining town in Somerset County, PA. It does have some condition issues. I know very little about paper money and am hoping someone can give some insight as to rarity and value. Thanks.

 

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[unclemac]

a lot of folk collect those very specifically. Yes the value is determined by the condition and also the rarity. Check EBAY under sold listings for an approximate value of what folk may pay for it. Many collectors of those notes are looking for specific banks.

 

[jeff of pa]

Even in that Condition , There is no reason you Should let it go For Less then $50.
You may be able to get $100 from a Collector from Central City . Most likely would take a Bidding War to get More.

If Central City was now a Ghost, Maybe

no doubt There are Dealers online who would Scam People & Charge $500 or more But Try to Buy for fresh New $10

Just My Opinion

 

[jeff of pa]

1929 $10 CENTRAL CITY, PA NATIONAL BANK NOTE SOMERSET COUNTY PENNSYLVANIA 00970 | eBay

On February 25, 1863 the United States Congress passed the Loan Bill better known as the National Banking Act. Bank: The Central City National Bank, Central City, PA.

www.ebay.com

 

[jeff of pa]

a Completed 20 had a Bidding war

 

[teleprospector]

Old Money from The Central City National Bank Of Central City | 11967 | Antique Money

Yours also has an offset print error (not centered on paper) plus low serial number. You may be able to get more for that. Have the bill graded/appraised then possibly insured from a reputable place by first sending photos.
Good luck!
Jon

 

[Mackaydon]

Pennsylvania $10.00 1929 Type 1 The Pennsylvania National Bank and Trust Company Pottsville, PA CH# 1663 . . . . Fine torn and taped

At Mount Vernon Coins, we offer a wide variety of collector coins, silver and gold, and collectible paper money. Our inventory of collector and investor coins includes cents, nickels, dimes, quarters, halves and dollars, as well as gold coins. We also stock a large selection of certified coins.

www.mountvernoncoinco.com

Don in SoCal

 

[Mackaydon]

The Central City National Bank of Central City printed 410 sheets of Type1 1929 $20 national bank notes.
You might find this history interesting: https://antiquemoney.com/national-b...ral-city-national-bank-of-central-city-11967/
Don in SoCal

 

[Blackfoot58]

I agree with Jeff: condition is everything. $40 - $50 for certain.
With the right collector, $75 - $100

 

[Steve in PA]

Thanks all for the replies. I posted this bill for my friend Lindsey. I think she is going to hold onto it. The fact that this little bank was actually printing money is unbelievable. Today Central City is a tiny little town, although it may have been larger in the 1920s and 30s at the height of the coal mining boom in the area.

 

[robertk]

The fact that this little bank was actually printing money is unbelievable.

I agree it's a great find and great piece of history. But just FYI, technically, it isn't money. It's a receipt for money. That's why it says the bank will "pay to the bearer on demand ten dollars". All of the US paper money used to say something like that, because paper wasn't money -- gold and silver was money. These days the paper isn't really redeemable in anything but more paper. (If you want to have some fun with your local banker, try to redeem a federal reserve note sometime (paper dollars are federal reserve notes). Most bankers won't have a clue what you're talking about. But I had one bank manager come and apologize to me and tell me that they did not have enough actual cash on hand to redeem my twenty dollar note.)

 

[unclemac]

While we are at it, if you don't already know... The federal reserve isn't the only ones that can issue bank notes in America... Even though "United States Notes" are no longer in circulation I do believe the legislation still exists to print them should the need/desire require it.

I have a great collection of small size banknotes, I love how they all basically "look" the same but have a red, blue, green, brown, yellow or combination of colored seals.

Having said all that.... i do have to say, my paycheck for years has been direct deposit.... what the heck? My money is just clicks on a computer? I get paid that way, pay my bills that way, use a credit card for nearly everything? Give me back gold and silver coins!!!!! I want to bite the edge to prove that it is real!

 

[michael NY]

1929 $10 CENTRAL CITY, PA NATIONAL BANK NOTE SOMERSET COUNTY PENNSYLVANIA 00970 | eBay

On February 25, 1863 the United States Congress passed the Loan Bill better known as the National Banking Act. Bank: The Central City National Bank, Central City, PA.

www.ebay.com

View attachment 2109379

Very cool note!

 

[Steve in PA]

$ 10 in silver I agree it's a great find and great piece of history. But just FYI, technically, it isn't money. It's a receipt for money. That's why it says the bank will "pay to the bearer on demand ten dollars". All of the US paper money used to say something like that, because paper wasn't money -- gold and silver was money. These days the paper isn't really redeemable in anything but more paper. (If you want to have some fun with your local banker, try to redeem a federal reserve note sometime (paper dollars are federal reserve notes). Most bankers won't have a clue what you're talking about. But I had one bank manager come and apologize to me and tell me that they did not have enough actual cash on hand to redeem my twenty dollar note.)

So, I guess I can't walk into a bank with my two 1932 $ 5.00 Silver Certificates and get $10 in silver

 

[Mackaydon]

Silver certs after June 24, 1968 could no longer be redeemable in silver bullion.
Don in SoCal

 

[jeff of pa]

Silver certs after June 24, 1968 could no longer be redeemable in silver bullion.
Don in SoCal

Yep ! Would be very hard fo the Gov. to give someone a Dollars worth of Silver when the melt value of a Dollar is $17.5882 and a Dime

$1.6449 no one in Gov'mt wants to lose & Todays dollar is worth $0.0614567 & forget about Gold Certificates !

 

[EnvoyToTheMolePeople]

I'll give you $9.99 for it.

 

[Steve in PA]

I'll give you $9.99 for it.

Ok. Add $10.00 for shipping