Description
FR‑1800‑2 1929 $5 Mystic National Bank, Mystic CT – PMG 45
This 1929 Series $5 National Bank Note was issued by The Mystic National Bank of Mystic, Connecticut, a scarce and desirable New England charter. It is a Type 2 note with Charter #645, showing bold ink, sharp detail, and strong originality. Graded PMG 45 Extra Fine to About Uncirculated, PMG has noted four small pinholes, but the rest of the note remains solid, crisp, and well‑preserved. The margins are balanced, the ink is strong, and the note shows minimal circulation. With only 36 large‑size and 45 small‑size examples known for this bank, Mystic is considered a tough Connecticut issuer. High‑grade examples have approached $1,000 in Uncirculated condition, making this piece attractively priced for its grade and scarcity.
Scarce Type 2 National from Mystic, Connecticut
Type 2 nationals represent the final printing style before National Bank Notes were discontinued. These notes feature the brown Treasury seal and the bank’s printed title. Mystic’s banking history ties directly to its maritime heritage, making notes from this charter especially appealing to collectors of Connecticut nationals and coastal banking institutions.
PMG 45
This note shows bright paper, sharp detail, and strong ink contrast. The PMG 45 grade reflects a high‑end Extra Fine to About Uncirculated example. PMG has noted four pinholes, but they do not affect the bold appearance or the structural integrity of the note. The surfaces remain clean, the embossing is visible, and the design elements are crisp. The note was cleanly cut from the sheet, giving it a sharp, even presentation.
Mystic’s Historic Background
Mystic is a historic seaport known for shipbuilding, maritime trade, and preserved sailing vessels. More than 600 ships were built here over 135 years, and the village is home to the renowned Mystic Seaport Museum. The Mystic River, the Bascule Bridge, and the area’s deep colonial and Native American history make notes from Mystic banks especially meaningful to regional collectors.
A Strong Addition to Any National Bank Collection
This FR‑1800‑2 1929 $5 Mystic National Bank offers scarcity, originality, and strong visual appeal. Its PMG 45 grade, combined with the bank’s low surviving population, makes it a desirable mid‑grade example. With rising demand for Connecticut nationals, this note is a standout addition to any advanced National Bank Note collection.