Old Money from The Peoples National Bank Of Proctor | 11974
The Peoples National Bank Of Proctor
The Peoples National Bank Of Proctor in Minnesota printed $72,500 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 1921 and stopped printing money in 1924, which equals a 4 year printing period. That means that money from this bank was not entering circulation very often. During its life, The Peoples National Bank Of Proctor 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 Peoples National Bank Of Proctor was located in Saint Louis County. It was assigned charter number 11974.
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The Peoples National Bank Of Proctor in Minnesota printed 3,625 sheets of $5 1902 blue seal national bank notes. Many small national banks could be in business for years and only print between 2,500 and 5,000 sheets of blue seals. 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