Old Money from The First National Bank Of Larimore | 2854
The First National Bank Of Larimore
The First National Bank Of Larimore in North Dakota printed $59,460 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 1883 and stopped printing money in 1898, which equals a 16 year printing period. That is actually quite brief in terms of bank existence. During its life, The First National Bank Of Larimore 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 Larimore was located in Grand Forks County. It was assigned charter number 2854.
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The First National Bank Of Larimore in North Dakota printed 2,250 sheets of $5 1882 territorial brown back national bank notes. Many territorial banks had outputs in the 2,000 to 4,000 range. 1882 five dollar territorial brown backs are the lifeblood of the territorial collecting community. They were issued by virtually every territory (with exception of Alaska, Nebraska, and Porto Rico). A total of 109 national banks printed $5 brown back territorials. There are around 120 notes known to exist. That is a pretty high survival rate. Ironically though, the fact that lots of these exist is part of the reason that they are so collectible. More than one collector can reasonably try to put together a set. Ultra-rarities are always expensive, but often times they end up as outliers to collections. 1882 five dollar brown backs have always been popular. When you combine that with the appeal of a territorial, then you have a real winner. You can contact us to learn the true value and rarity of your note. In the meantime, take the number of sheets printed and multiply it by four, that will give you the total number of 1882 $5 territorials issued.
Series of 1882 $5 Territorial Brown Back
The First National Bank Of Larimore printed 2,973 sheets of $5 1882 brown back national bank notes. That it is not an exceptionally low number of sheets. However, you have to remember that we are talking about bank notes printed before 1902. Even a large print number could have a very low survival rate. You can take the total number of sheets printed and multiply that number by four to get the exact number of 1882 $5 brown back bank notes this bank issued. Each note has a portrait of James Garfield on the left hand side of the bill. These are very popular with collectors because they have different text layouts. Some notes are worth as little as a few hundred dollars, but most are worth a good deal more.
Series of 1882 $5 Brown Back