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10 Dollars Small-Size National Bank Note
| Issuer | First National Bank of Saltsburg, Pennsylvania |
|---|---|
| Year | 1929 |
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| Composition | Cotton paper |
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| Obverse description | Central intaglio vignette of Alexander Hamilton in left-facing portrait, set against a fine guilloche underprint. The Register of the Treasury signature appears at upper left and the Treasurer of the United States signature at upper right, with the brown THESAUR*AMER*SEPTENT*SIGIL Treasury seal to the right of center. The Cashier and President signatures of the issuing bank appear at lower left and lower right respectively, personalizing the note to the First National Bank of Saltsburg, Pennsylvania. |
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| Reverse lettering | THE UNITED STATES OF AMERICA U.S. TREASURY TEN DOLLARS |
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| Comments |
Saltsburg, a small borough in Indiana County, Pennsylvania, had only one bank — and by 1929 it was among the last generation of institutions still exercising the right to issue currency under the National Bank Act. The small-size national note format had been standardized in 1929 precisely to cut the federal government's printing costs, replacing the large-size "horse blanket" notes that had dominated since the Civil War era.
What makes notes from minor Pennsylvania boroughs genuinely collectible is sheer arithmetic: charter populations were tiny, note issuance was proportionally small, and most circulated hard until redemption. Saltsburg's First National issued in both Type 1 and Type 2 variants — Type 2 notes carry the individual serial number on the back as well, making them distinguishable without flipping.