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Old Money from The Le Mars National Bank Of Le Mars | 2818

The Le Mars National Bank Of Le Mars

The Le Mars National Bank Of Le Mars in Iowa printed $121,200 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1882 and stopped printing money in 1901, which equals a 20 year printing period. That is a fairly normal lifespan for a national bank. During its life, The Le Mars National Bank Of Le Mars 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 Le Mars National Bank Of Le Mars was located in Plymouth County. It was assigned charter number 2818.

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The Le Mars National Bank Of Le Mars in Iowa printed 1,155 sheets of $5 1902 blue seal national bank notes. Most banks that printed such a small number of blue seal bank notes fall into the rare bank category. Ben Harrison is on the front of all 1902 $5 blue seal bank notes. This happens to be the smallest denomination issued for the 1902 series. Each note is complete with a blue seal and blue charter number. Despite saying series of 1902, these were actually issued by national banks between 1908 and 1928. There are two different types of blue seals. The first type is called a date back and it has “1902-1908” written on the back of the bill. The other type is called a plain back; it does not have the date stamps on the back of the bill. The values for these notes range widely based on condition and the bank of issue.
1902 $5 Blue Seal National Bank Note

The Le Mars National Bank Of Le Mars printed 654 sheets of $50 1902 blue seal national bank notes. There is no trick to knowing which 1902 blue seals will be common and rare. Often times the number printed won’t tell you much information. The value still comes down to condition and demand. That is a surprise to most people. In fact, most 1902 $50 bills we see are worth between $750 and $1,250. The rarer ones can be worth more than $5,000. However, there isn’t much middle ground.
1902 $50 Blue Seal National Bank Note

The Le Mars National Bank Of Le Mars also printed 654 sheets of $100 1902 blue seal national bank notes. It is no coincidence that the sheet numbers for $50 bills and $100 bills are the same. They were printed on the same sheets. Most $100 blue seals are at least scarce; others can be very rare. John J Knox is printed on the front of each bill. Most collectors like the back design a lot more though. It is really unique and different from most other national bank notes. Prices for 1902 $100 blue seals are pretty similar to $50 blue seals. They are both equally common or equally rare, depending on how you look at it.
1902 $100 Blue Seal National Bank Note

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