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Old Money from The First National Bank Of Pontiac | 2607

The First National Bank Of Pontiac

The First National Bank Of Pontiac in Michigan printed $130,150 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 1892, which equals a 11 year printing period. That is actually quite brief in terms of bank existence. During its life, The First National Bank Of Pontiac 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 Pontiac was located in Oakland County. It was assigned charter number 2607.

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The First National Bank Of Pontiac in Michigan issued 2,603 sheets of $10 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. The two vignettes seen on 1875 $10 bank notes are “Franklin and Electricity” and “America Seizing Lightning”. These notes occasionally confuse novices because the year 1752 is printed on them. That is when Benjamin Franklin discovered electricity. It has nothing to do with when these bank notes were issued. The back of each $10 bill has “DeSoto Discovering the Mississippi.”
Series of 1875 $10 National Bank Note

The First National Bank Of Pontiac printed 2,603 sheets of $20 series of 1875 national bank notes. The exact number of series of 1875 $20 national bank notes printed by this bank is good to know. Don’t expect a high number to lower the value or a small number to increase the value. These notes are scarce enough on their own that the stats don’t really matter. Twenty dollars was a lot of money between 1875 and 1901, which is the time period in which these were printed. These just weren’t saved in high numbers.
Series of 1875 $20 National Bank Note

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