1929 US Pensacola FL $20 Type 2 PCGS 68EPQ Fr.1802-2 The American NB CH#5603

1929 US Pensacola FL $20 Type 2 PCGS 68EPQ Fr.1802-2 The American NB CH#5603

Offered here is an exceptional 1929 Type 2 $20 National Currency Note issued by The American National Bank of Pensacola, Florida, bearing Charter #5603 and certified PCGS Banknote Superb Gem Uncirculated 68 PPQ. This top-population survivor represents the pinnacle of preservation and aesthetic appeal among small-size National Bank Notes.

Authenticity

Graded by PCGS Banknote with a Superb Gem Uncirculated 68 PPQ designation, this note is fully original, boasting impeccable paper quality, vivid color contrast, and sharp embossing. The “PPQ” (Premium Paper Quality) designation confirms that the note retains its original paper texture and never underwent any restoration or pressing—ensuring its authenticity and originality as issued.

Historical Significance

The Type 2 National Bank Notes of 1929 were among the final issues in the long series of National Currency, marking the end of an era that began in the 1860s. Issued during the Great Depression, these notes were backed by U.S. government bonds held by the issuing bank. The American National Bank of Pensacola, located in Florida’s historic Gulf Coast city, played an important role in the local economy, especially during a turbulent period of national financial uncertainty.

This note reflects the smaller, standardized format adopted in 1929—designed to reduce printing costs and simplify circulation—while retaining the individuality of local bank charter numbers and city identifiers.

Design and Features

The obverse features the portrait of President Andrew Jackson, a prominent figure in American banking history, framed by detailed black engraving. The bank’s title “The American National Bank of Pensacola, Florida” is boldly centered, with charter number 5603 and serial number A009798 printed in deep orange ink. The Treasury Seal and overprint add to the eye-catching contrast and elegance typical of the Type 2 design.

The reverse depicts the White House, finely engraved in rich green tones, representing stability and federal authority—an appropriate symbol for National Bank Notes. The overall design retains full margins, outstanding centering, and superior color depth, attributes that justify its lofty grade.

Key Details:

• Type: 1929 Type 2 National Currency

• Denomination: $20

• Bank: The American National Bank of Pensacola, Florida

• Charter Number: 5603

• Friedberg Number: Fr. 1802-2

• Signatures: Jones | Woods

• Serial Number: A009798

• Plate: F102/113

• Grade: PCGS Banknote 68 PPQ – Superb Gem Uncirculated

Collector’s Value

Notes from Florida—particularly from Pensacola—are highly sought after by collectors of Southern National Currency. In Superb Gem 68 PPQ, this piece stands at the top of the condition census, representing one of the finest known examples of its type. Its combination of scarcity, perfect margins, bold inks, and flawless originality make it a trophy acquisition for advanced collectors of U.S. National Bank Notes or Florida-specific currency.