Sale of 1929 Texas ‘sawbuck’ to benefit victims of plant exposion

$10 National Bank of West Texas

Obverse of a rare 1929, $10 bill issued by the National Bank of West Texas. (Photo courtesy Heritage Auctions)

DALLAS – A rare 1929 West, Texas $10 bill will be offered in Heritage Auctions’ May 21 Tuesday Internet Currency Auction to benefit the victims of the April 17 fertilizer plant explosion that killed 14 people, including eleven firefighters and first responders. Proceeds, including the sale price and the buyer’s premium from the bill, in addition to all proceeds from a limited edition poster featuring the rare note will be donated to the effort. The collectible poster is available for $25.

“This note is symbolic of the hardworking people of West, Texas,” said Dustin Johnston, Director of Currency Auctions for Heritage. “We know the town will pull through this and we know bank note collectors will recognize this as a great way to promote donations that go directly to the victims’ families.”

This series 1929 Type 2 serial number 1 note is one of only 11 known for this bank and was last sold by Heritage in September 2009 as part of The Lone Star Collection. The first settlers of McLennan County, in which lies the town of West, arrived in the 1840s, by the 1880s, rail transport brought prosperity to the rich farming lands.

$10 National Bank of West Texas 1929

Reverse of the same 1929 $10 bill. (Photo courtesy Heritage Auctions)

By the 1890s, businesses were abundant in West, named after land owner, Thomas West. Starting in 1865, banks could place bonds and other securities on deposit with the US Treasury and receive notes bearing their name to circulate in their area. They were known as National Banks and West had three of these banks between 1900 and 1934, each of which issued notes bearing the name West.

The banking industry is part of the rich history of this region, which includes the West Volunteer Fire Department. Established in 1894 as the West Hose Company #1, the West Volunteer Fire Department relies on all-volunteer firefighters and is a fire department whose fundraising efforts helped build the current firehouse. A champion of the community, West Volunteer Fire Department has created a fund for donations for the victims of this tragedy, and they will divide revenues equally among the families who suffered a loss.

Limited edition collectible poster to help raise money for victims of April's fertilizer plant explosion. (Photo courtesy Heritage Auctions)

Limited edition collectible poster to help raise money for victims of April’s fertilizer plant explosion. (Photo courtesy Heritage Auctions)

To reserve a limited edition poster featuring the note, contact Avi Gonzalez at Heritage

Auctions, AviG@HA.com, 214-409-1452 or Fax: 214-409-2452.

 

 

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