Old Money from The First National Bank Of La Grange | 2184
The First National Bank Of La Grange
The First National Bank Of La Grange in Indiana printed $192,180 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1874 and stopped printing money in 1894, which equals a 21 year printing period. That is a fairly normal lifespan for a national bank. During its life, The First National Bank Of La Grange issued 2 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 La Grange was located in Lagrange County. It was assigned charter number 2184.
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The First National Bank Of La Grange in Indiana issued 2,250 sheets of $5 original series national bank notes. A print range between 1,000 and 2,500 is small. Combine that with something that was printed before 1875 and you can imagine that these notes are few and far between. Each five dollar original series bank note has a spiked red seal. That is pretty much the only design difference between it and later issues. These are really beautiful notes. One neat thing about these is that the back of each note has a vignette of the corresponding state seal. Some of the state seals are very imaginative. Collecting by state seal was very popular early on in the hobby. Today most collectors are more concerned about bank of issue and condition. Serial number one bank notes are also extremely popular.
Original Series $5 National Bank Note
The First National Bank Of La Grange printed 7,359 sheets of $5 series of 1875 national bank notes. A print range between 5,000 and 10,000 is a pretty high number. But you have to remember we are talking about bank notes from the 1870s and 1880s. Even banks with high issue numbers could be rare today. 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