1929 $20 Lancaster NY The Citizens National Bank Ch. #11912 PMG 58 Serial Num 1

This exceptional 1929 $20 Type 1 National Bank Note from The Citizens National Bank of Lancaster, New York, Charter #11912 is distinguished by the ultimate low serial number: Serial Number 1. Certified PMG Choice About Uncirculated 58, this well-margined example was the top note from the first sheet of small-size $20 notes issued by this Erie County bank.

The significance of a Serial Number 1 national bank note needs little explanation to advanced collectors. Representing the first small-size $20 note issued under this charter, the serial number provides a direct and unusually tangible connection to the beginning of the bank's small-size note production. This example is also described as a companion to a Serial Number 1 large-size note from the same Lancaster institution, offered from the same collection.

Visually, the note is described as pretty and well margined, with strong embossing that gives the paper an appealing original character. There is a minor spot of residue on the face and a small amount of as-made ink smearing in the left serial number. These details are part of the note's stated condition and are important for collectors evaluating the piece in hand.

National Bank Notes such as this are prized not only for their design and denomination, but for the individual history represented by each charter, town, bank, and serial number. A Lancaster, New York, Serial Number 1 from Charter #11912 offers an especially direct connection to the issuing institution and is the kind of specialized item that can become a centerpiece of a national bank note collection.

From The Westchester Collection. For collectors of New York national bank notes, Erie County issues, Serial Number 1 notes, or exceptional charter-specific material, this is a particularly meaningful small-size example with strong historical and collecting appeal.