The First National Bank Of Lakota
The First National Bank Of Lakota in North Dakota printed $16,750 dollars worth of national currency. Very few banks in the country issued less than $25,000 face value of national bank notes. Currency from this bank should be very rare. This national bank opened in 1889 and stopped printing money in 1893, which equals a 5 year printing period. That is obviously a very short period of time. During its life, The First National Bank Of Lakota issued 4 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 Lakota was located in Nelson County. It was assigned charter number 4143.
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The First National Bank Of Lakota in North Dakota issued 250 sheets of $10 1882 territorial brown back national bank notes. Collectors love to buy notes from such a small print run. It doesn’t get much smaller than under 500 sheets printed. The ten dollar 1882 territorial brown back was printed by more than 200 national banks, and more than 200 pieces are known to exist today. That number tends to go up by a handful each year as more are discovered. Often times the $10 territorial was the first and lowest denomination a bank received. About a dozen #1 specimens are held by collectors today, and there are probably many more still held by descendants of early pioneer bankers. Territorial bank notes are the cream of the crop when it comes to national bank notes. Most are at least rare and some can be very valuable. As always, the exact value is still based on bank of issue and condition. Something ugly from Oklahoma might only be worth $3,000, but other examples could be worth well over $10,000.
Series of 1882 $10 Territorial Brown Back
The First National Bank Of Lakota printed 250 sheets of $20 1882 territorial brown back national bank notes. That number also represents the total number of twenty dollar bills printed for the type. Whether you have a ten or a twenty dollar territorial brown back, you should work with an expert to establish the value. Twenty dollar notes from this series were only printed at the rate of one to three compared to tens, but sadly, $20 1882 brown backs really don’t command a premium for their extra rarity. Only around fifty are known to exist today.
Series of 1882 $20 Territorial Brown Back
The First National Bank Of Lakota also printed 335 sheets of $10 1882 brown back national bank notes. Very few national banks issued such a small number of 1882 brown backs. There were three $10 bills printed on a single sheet of 1882 brown backs. The design of the bill is similar to all earlier ten dollar national bank notes. The nickname comes from the fact that these bills have a brown seal and brown overprint. Despite saying series of 1882, these were actually printed by some banks up until 1908. The date you see in cursive relates to when the bank first started issuing brown back notes.
Series of 1882 $10 Brown Back
The First National Bank Of Lakota also printed 335 sheets of $20 1882 brown back national bank notes. As you can see, the sheet output is the same for $20 brown backs as it is for $10 brown backs. There was only one $20 brown back printed on a sheet. So the sheet output also equals the total note output. One neat thing about all brown backs is that they each have a different back design based on which state issued them. The back left hand side of the note shows the state seal of which ever state the national bank was located in. Generally speaking, 1882 $20 brown backs are pretty difficult to locate. They typically were printed in small numbers and they don’t have a great survival rate.
Series of 1882 $20 Brown Back