Old Money from The National Insurance Bank Of Detroit | 1433
The National Insurance Bank Of Detroit
The National Insurance Bank Of Detroit in Michigan printed $85,000 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 1865 and stopped printing money in 1869, which equals a 5 year printing period. That is obviously a very short period of time. During its life, The National Insurance Bank Of Detroit issued 1 single type and denomination 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 National Insurance Bank Of Detroit was located in Wayne County. It was assigned charter number 1433.
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The National Insurance Bank Of Detroit in Michigan issued 4,250 sheets of $5 original series national bank notes. It is actually pretty standard for an early national bank to have a sheet output range between 2,500 and 5,000. The exact value of a bill is still going to be based on the number of notes known and the condition of each bank note. 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