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Old Money from The Croton River National Bank South East | 830

The Croton River National Bank South East

The Croton River National Bank South East in New York printed $272,250 dollars worth of national currency. That is a pretty standard output. However, some types of currency from this bank could still be rare. This national bank opened in 1865 and stopped printing money in 1874, which equals a 10 year printing period. That is actually quite brief in terms of bank existence. During its life, The Croton River National Bank South East 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 Croton River National Bank South East was located in Putnam County. It was assigned charter number 830.

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The Croton River National Bank South East in New York printed 7,010 sheets of $1 original series national bank notes. Just because a print range is between 5,000 and 10,000 doesn’t mean that individual notes will be easy to buy. That number isn’t really high or low. Some notes are extremely rare and some could be from a hoard. Values are determined based on condition and the number of known survivors. One of the most interesting things about early first charter one dollar national bank notes is all of the different slight variations you can find. Some notes have a red charter number, others do not. Some have red serial numbers and some have blue serial numbers. Some are printed on white paper and others are printed on paper with a slight blue tint. You can really find lots of different ways to collect these. Generally speaking, prices for “first charter aces” are down from their highs. So there are some bargains in this arena of collecting.
Original Series $1 National Bank Note

The Croton River National Bank South East printed 7,010 sheets of $2 original series national bank notes. It is important to know production numbers for original series two dollar bills for informational purposes. All $2 bills printed before 1875 are very rare and highly desirable. Most survivors represent the only known example for that bank. Collectors call these $2 bills lazy deuces. The large two on the face of the bill is pictured horizontally, thus making it look lazy. Don’t be fooled by the silly name though. These can be worth significant amounts of money on many occasions.
Original Series $2 National Bank Note

The Croton River National Bank South East also printed 11,860 sheets of $5 original series national bank notes. These notes were only printed until 1875. For a national bank to print more than 10,000 means that they were doing a lot of business. Your exact note is likely still rare. The value will be more condition based than rarity based though. 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

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