New York, New York. $5 1875. Friedberg 403 (W-700). The Chase NB. Charter #2370. PCGS Currency Very Choice New 64 PPQ.This crisp First Charter $5 issued by the important Chase National Bank of the City of New York is very Choice with full margins and sharp printing. It displays the vignettes <em>"Columbus in Sight of Land"</em> at left and <em>"America Presented to the Old World"</em> at right. Bold red overprint inks include the scalloped Treasury Seal at right. The bank officers signatures are neatly penned in striking inks. The Chase National Bank received its federal charter in September of 1877 and issued more than $12.4 million in National Currency before the end of the note issuing era in 1935.<p><strong>First Charter $5 Nationals</strong><p>First Charter $5 National Currency notes were produced by the Continental Bank Note Company, a smaller 19th century maker of large currency (with American Bank Note Company and National Bank Note Company being the largest). The firm was founded in 1862 by W.L. Ormsby, an outspoken critic of the American and National firms. When Continental sought Treasury contracts Ormsbys name did not appear on the documents. He earned a $5,000 annual salary as the firms primary plate engraver.<p><em>From Heritage Auctions sale of September 2006, lot 16942.</em>
