Up for auction is this Cartersville, Illinois, Charter #7889, $20.00 1929 Type-1 Small Size National, Fr. #1802-1, with treasury signatures of Edward E. Jones as Register of the Treasury and Walter O. Woods as Treasurer of The United States.  The cashier of this bank is Mike Ferrell and the President of the bank is F.M. Hiller.

This bank chartered on August 10, 1905.  The bank issued only 6,378 small size Nationals, from 1929 thru October 10, 1931 when the bank went into voluntary liquidation.  Cartersville, Illinois was a one National Bank town.  This bank failed early into the small size issuing period.  When a bank failed, the other National Banks in the area would make a concerted effort to redeem the notes from the failed bank and get them off the market!  This is a very strong reason along with the very low issue from this bank, that notes from this bank will always be scarce!

The note has four full even margins, both obverse and reverse. There is light dirt on both sides of the note.  I do not see any rips, tears, or splits in this note, just good honest wear.   There are 4 micro pinholes spread out over the note, that I can barely see when I hold it to sunlight.   I would grade this note as a solid Fine/Very Fine. Please look at the scans carefully and judge the grade and quality of this note for yourself.  The Kelly Census shows 12 small size notes reported on this bank. There are 5 - $10.00 Type-1’s and 7 - $20.00 Type-1’s on this Type – 1 only bank.  There were also 3 - $5.00 notes, Types 1 & 2 listed in the census, but these are bogus reports, as the bank never issued $5.00 banknotes at any time during its existence, nor did it last long enough to possibly issue Type – 2’s!  This note is new to the census, the new owner can report it if they so choose.

This note would make a fine addition to any Illinois State banknote collection.  The bank was located in Williamson County.  This note should appeal to those collecting that County and its surrounding areas.  The very low issue make the note appealing to many collectors.  Don’t let this note get away!

I will include free standard shipping in the United States with tracking and insurance.  

New Jersey Sales Tax = 6.625%

Good Luck & Happy Hunting!