Description: 1929 $10 United States National Bank of McMinnville, Oregon *FORBIDDEN TITLE* CH# 3857- Type 1 note-Note is not in the best condition but this is a very scarce forbidden title note that you might not see again. Summary of a 1929 $10 United States National Bank of McMinnville, Oregon Forbidden Title (Charter #3857) – Type 1 Note The 1929 $10 National Bank Note from the United States National Bank of McMinnville, Oregon (Charter #3857) is a small-size note from the Series of 1929. These notes were issued during the Great Depression and feature a standardized design used across all National Bank Notes of the era. This particular note is distinguished by the inclusion of the "United States" in the bank's title, a naming convention that was later prohibited by federal regulations, making it a "Forbidden Title" note and a sought-after collectible.Historical Context The "Forbidden Title" designation stems from a regulation enacted after 1929 prohibiting banks from using "United States" in their names to avoid confusion with the federal government. Notes issued by banks that retained such titles prior to the regulation are considered scarce and carry unique historical significance. The United States National Bank of McMinnville served the rural community of McMinnville, Oregon, during a period of financial uncertainty, providing essential banking services tied to federal oversight under the National Banking System.
Price: 425 USD
Location: Seminole, Florida
End Time: 2025-02-09T23:37:30.000Z
Shipping Cost: N/A USD
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Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Denomination: $10
Circulated/Uncirculated: Circulated
Type: NATIONAL BANKNOTE
Year: 1929
Grade: Ungraded
Country/Region of Manufacture: United States
Certification: Uncertified
