ALL $1 OPENINGS! EVERY SINGLE LOT IS STARTING AT $1!
We are very excited to present 600+ lots of The Massive Texas Oil Rare Coin Collection.
This auction is featuring The Texan Collection, entirely put together with East Texas Oil Money! East Texas oil dates back to the 1930’s, a time that people referred to as
"the gusher age" or the "Texas oil boom".
It was unprecedented. A period of dramatic change and economic growth in Texas. The discovery that began the boom was near Beaumont Texas, the find was unprecedented in its size. The gentleman who consigned this collection can trace his ancestors back to this find.
He has been collecting for more than half of his life. His collection boasts an impressive display of variety. He was a man of broad taste, but had particular interests in rare gold.
Join us live on Sunday, 9/29 - Monday 9/30 at 7:30pm ET with Corey!
PREBIDDING OPEN NOW! ALL LOTS STARTING AT $1!
We will auction lots 5761-6120 on Day and 6121-6480 on Day 2
Please Note, per our deal with the consignee, this auction needs to be paid within 72 hours of Invoicing. We accept credit card or wire on invoices below $5000 and only check or wire on invoices $5000+
We can't wait to see you at the auction!
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LOT 6124:
1929 $5 National Currency The Federal Reserve Bank OF Cleveland, OH Grades Select AU. Series of 1929 national bank ...
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Sold for: $80
Start price:
$
5
Estimated price :
$82 - $164
Buyer's Premium: 18%
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1929 $5 National Currency The Federal Reserve Bank OF Cleveland, OH Grades Select AU. Series of 1929 national bank notes come in two varieties. Collectors call these type 1 and type 2 varieties. Type 1 1929 $5 national bank notes have a serial number that ends with the letter A. Type 2 1929 $5 national bank notes have a serial number that ends with a number. The charter number is also printed in brown ink twice on type 2 1929 $5 bills. Backed by bonds deposited with the Federal Government, this kind of money says “National Currency” at the top center of the note. These notes were issued by banks who received a Charter from the United States government allowing them to issue money. The Government Printing Office printed these notes with the same design except for the name of the banks, signatures of the bank officers and the Charter number. National Currency notes were made from 1863 to 1929. These notes were a way of creating confidence in an always shaky banking system. Member banks were required to deposit bonds with the government. The bank could then issue currency equal to 90% of the amount of the bonds. The financial panic of 1929 destroyed many of the National Banks and put an end to this system.There were more than 14,000 banks that issued National Currency and there are large numbers of avid collectors. The 1929 issue was the only “small size” issue, that is to distinguish from the “horse blanket” size notes of years previous to 1929.
