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Old Money from The First National Bank Of Independence | 3972

The First National Bank Of Independence

The First National Bank Of Independence in Oregon printed $55,800 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 1889 and stopped printing money in 1900, which equals a 12 year printing period. That is actually quite brief in terms of bank existence. During its life, The First National Bank Of Independence 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 First National Bank Of Independence was located in Polk County. It was assigned charter number 3972.

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The First National Bank Of Independence in Oregon printed 2,655 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

The First National Bank Of Independence printed 18 sheets of $50 1882 brown back national bank notes. Fifty dollar 1882 brown backs are few and far between. When the print number is under 1,000 like this bank then there is a great chance that you have a very rare bank note. The most common 1882 $50 brown backs are worth about $5,000. However, some can be worth more than $10,000 based on condition, serial number, and bank of issue.
Series of 1882 $50 Brown Back

The First National Bank Of Independence also printed 18 sheets of $100 1882 brown back national bank notes. High denomination $50 and $100 brown backs were printed on the same sheet. So the number of sheets printed also equals the number bills printed for each denomination. You can see that $100 brown backs are extremely scarce on this bank. We are very interested in purchasing $100 1882 brown back national bank notes. We have paid more than $15,000 for some examples. Send us pictures of what you have and we will respond quickly with an appraisal and offer.
Series of 1882 $100 Brown Back

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