Old Money from The First National Bank Of Decatur | 477
The First National Bank Of Decatur
The First National Bank Of Decatur in Illinois printed $89,550 dollars worth of national currency. A production number that low doesn’t save room for many survivors. Currency from this bank will be rare. This national bank opened in 1864 and stopped printing money in 1870, which equals a 7 year printing period. That is obviously a very short period of time. During its life, The First National Bank Of Decatur issued 3 different types and denominations of national currency. We have examples of the types listed below. Your bank note should look similar. Just the bank name will be different. For the record, The First National Bank Of Decatur was located in Macon County. It was assigned charter number 477.
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The First National Bank Of Decatur in Illinois printed 2,910 sheets of $1 series of 1875 national bank notes. Hundreds of banks had sheet outputs between 2,500 and 5,000. That is pretty typical for a medium sized national bank in the 1870s. Series of 1875 one dollar first charter national bank notes were only printed between 1875 and 1878. That is the shortest production period of any national bank note. That doesn’t automatically mean that these are worth thousands of dollars, but they could be. Collectors often don’t differentiate between original series and 1875 notes because they look so similar.
Series of 1875 $1 National Bank Note
The First National Bank Of Decatur printed 2,910 sheets of $2 series of 1875 national bank notes. If you are lucky enough to have a two dollar note from 1875 then don’t get too hung up on the number of bills printed. All notes are rare and in demand; we would be happy to help you value yours. There was only one $2 bill printed per sheet of national currency. So that sheet number also equals the total number of bank notes printed for the denomination. And as we said above, these were also only printed until 1878. That is one of the main reasons they are so rare today.
Series of 1875 $2 National Bank Note
The First National Bank Of Decatur also printed 3,750 sheets of $5 series of 1875 national bank notes. Hundreds of banks had sheet outputs between 2,500 and 5,000. That is pretty typical for a medium sized national bank in the 1870s. Series of 1875 $5 bills are some of the most commonly encountered bank notes from the first charter series. Only the original series $1 bill is more available. Some banks exclusively issued five dollar bills. So if you want an example from one of those banks then you don’t have many options. These notes have a rounded red seal and red serial numbers. They also all have a red charter number.
Series of 1875 $5 National Bank Note