Old Money from The First National Bank Of Beloit | 2163
The First National Bank Of Beloit
The First National Bank Of Beloit in Wisconsin printed $80,800 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 1874 and stopped printing money in 1887, which equals a 14 year printing period. That is actually quite brief in terms of bank existence. During its life, The First National Bank Of Beloit 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 Beloit was located in Rock County. It was assigned charter number 2163.
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The First National Bank Of Beloit in Wisconsin issued 2,250 sheets of $5 original series national bank notes. A print range between 1,000 and 2,500 is small. Combine that with something that was printed before 1875 and you can imagine that these notes are few and far between. 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
The First National Bank Of Beloit printed 1,790 sheets of $5 series of 1875 national bank notes. Any time you see a print range between 1,000 and 2,500 you can assume that the bank was small and that their notes could be fairly scarce. Series of 1875 $5 bills are some of the most commonly encountered bank notes from the first charter series. Only the original series $1 bill is more available. Some banks exclusively issued five dollar bills. So if you want an example from one of those banks then you don’t have many options. These notes have a rounded red seal and red serial numbers. They also all have a red charter number.
Series of 1875 $5 National Bank Note