Description: US Stamp #1577-78 - 1975 10¢ Banking & Commerce, EzGrade™ G/VG (Good/Very Good), MNH (Mint Never Hinged), OG (Original Gum) Set of Two EzGrade™ G/VG (Good/Very Good), MNH (Mint Never Hinged), New Condition. This comes with a Certificate of Measurement & Grading from EzGrade.™ View Photo for details on stamps. I have listed photos of the exact stamps you should receive, both Front and Back. Series: Banking and Commerce IssueFace value: 2*10 ¢ - United States centIssue Date: October 6, 1975First City: New York, NYPrint Run:73,098,000Format: Se-tenantEmission: CommemorativePrinted By: Bureau of Engraving and PrintingPrinting Method: Lithographed, EngravedPerforations: 11Color: MulticoloredDescription: Se-tenant pair Banking and Commerce This issue commemorates the Centennial Convention of the American Bankers Association. Federal Reserve Established On December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act, establishing America’s current central banking system. The idea of a central banking system dates back to post-Revolutionary War America. The new country had large wartime debts and needed a solid banking system. Two of America’s founding fathers and long-time friends, Alexander Hamilton and Thomas Jefferson, were split on the issue. Hamilton believed the US should adopt a national bank, similar to European nations, but Jefferson thought that would threaten democracy. Jefferson also believed it would benefit the North but hurt the South, who received credit from local banks after the war. In the end, Hamilton won, and the First Bank of the United States was established in 1791. Chartered for 20 years, the bank did successfully help the economy, but it failed to be renewed by one vote in 1811. The Second Bank of the United States was established in 1816, also for a period of 20 years. It was largely unpopular in the west and south and became a private bank when its charter expired in 1836.
Price: 1.49 USD
Location: Great Falls, Montana
End Time: 2024-12-22T00:06:14.000Z
Shipping Cost: 0.73 USD
Product Images
Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Issued Date:: October 6, 1975
Place of Origin: United States
Color: Multi-Color
First City:: New York, NY
Grade: G/VG (Good/Very Good)
Certification: EzGrade
Denomination: 10 Cent
Year of Issue: 1971-1980
Quality: Original Gum
Time Period Manufactured: 1975
Topic: Trade
Country/Region of Manufacture: United States
Cancellation Type: New Stamps
