Henry Herrick Bond is Assistant Secretary in charge of fiscal affairs and entrusted with the supervision of the Bureau of Internal Revenue. The challenge is important because the changeover affects the entire population. The small size notes are released on time, on July 10, 1929.
31 designs had to be modified, including eleven denominations from $ 1 to $ 10,000 and the six types of currency in use: Legal Tenders, Silver Certificates, Gold Certificates, Federal Reserve Bank Notes, Federal Reserve Notes and National Bank Notes.
Once the project is completed, Bond soon decides to join a law firm and resigns from the Treasury. To reward him for his exceptional involvement, his colleagues of the Treasury Department offer him a dinner. Bond is presented with a set of uniface specimens covering all denominations shared between the four main types of currency, for a total of 11 front sides and their 11 matching backs.
On August 13 in Chicago, Heritage sells as lot 18005 the 22 prints accompanied by a scrapbook with photos, archival documents and newspaper clippings. This set is estimated beyond $ 500K.