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Signature Set Detail: 1882 Value Backs and 1902 PBs with anachronistic legends



Set Category:

Owner:
ddr70 

Set Theme:
With the expiration of the Aldrich-Vreeland Act which had been in effect since May 30, 1908, National Banks were not permitted after 1915 to pledge “other securities” but once again could use only U.S. bonds to secure their currency. In 1908, new notes were issued to mark this legal reversion to type (i.e. 1902 Red Seals replaced by Blue Seals with Date Backs; 1882 series Brown Backs replaced by 1882 Date Backs), and this was done so that a quick visual distinction could be made between those notes pledged with “other securities” and those pledged only with U.S. bonds. Whereas in 1908, all face plates in use had religiously been altered by adding “other securities,” the removal of this clause on notes issued after 1915 was only haphazard. Consequently, a certain volume of currency was issued from 1915 to 1929 bearing the anachronistic legend, “Secured by United States bonds or other securities.” Series 1902 Plain Back notes of this period are considered scarcer than those without the expression “other securities.” However, Series 1882 Value backs replaced 1882 Date Backs after June 30, 1915, but "other Securities" was removed only in cases where a new plate was made.

From about 1902 until 1924 Geographical Letters NESMWP indicate the bank's region and helped treasury sort redeemed currency. So, this set will have plain backs with "other securities" in the legend, but no letter. This is much easier to spot compared to looking up print/issue dates by treasury serial numbers.

Set Description:



Views: 18

Signature Set Details:

Slot NameSlot CommentCertification #Note InfoCountryGradePhoto
Carrollton, IL The Greene County NB Ch. # (M)2390 Carrollton, IL The Greene County NB Ch. # (M)2390 PMG 63EPQ $5 1882 Value Back Fr. 574 Repeater SN 4525/T412412 pp G/144 dtd. June 7, 1898 5013461-012 $5 1882 Value Back National Bank NotesUnited States63 EPQ
Huntingdon, PA The Standing Stone NB Ch. # (E)6090 Huntingdon, PA The Standing Stone NB Ch. # (E)6090 PMG 25 $5 1882 VB Fr. 574 SN 6979/U591141 pp H/169 Dec. 23, 1901 5012508-015 $5 1882 Value Back National Bank NotesUnited StatesVF 25
Mason City, IA The First NB Ch. # (M)2574 Mason City, IA The First NB Ch. # (M)2574 PMG 15 $10 1882 Value Back Fr. 577 SN 17740/U224318 pp F/122 Oct. 11, 1901 5009100-001 $10 1882 Value Back National Bank NotesUnited StatesF 15
Mexico, NY The First NB Ch. # (E)5293 Mexico, NY The First NB Ch. # (E)5293 PMG 30 $20 1882 Value Back Fr. 581 Ladder SN 2345/U423283 pp B/126 5010681-005 Apr. 11, 1900 5010681-005 $20 1882 Value Back National Bank NotesUnited StatesVF 30
Huntingdon, PA The First NB Ch. # 31 Fr. 598 Huntingdon, PA The First NB Ch. # 31 PMG 12 $5 1902 PB Fr. 598 SN 26117/A359903K pp F/1221 8043620-107 $5 1902 Plain Back National Bank NotesUnited StatesF 12
E Cambridge, MA The Lechmere NB Ch. # 614 Fr. 598 East Cambridge, MA The Lechmere NB Ch. # 614 PMG 20 $5 1902 PB Fr. 598 Radar SN 22795/N65756H pp E/1099 5012045-012 $5 1902 Plain Back National Bank NotesUnited StatesVF 20
Spartanburg, SC The Central NB Ch. # 4996 Fr. 605 Spartanburg, SC The Central NB Ch. # 4996 PMG 20 $5 1902 PB Fr. 605 SN 57780 pp C 1855586-009 $5 1902 Plain Back National Bank NotesUnited StatesVF 20
Knoxville, TN The Union NB Ch. # 10401 Fr. 656 Knoxville, TN The Union NB Ch. # 10401 PMG 15 $20 1902 PB Fr. 656 Radar SN 52625 pp A/1021 1023083-013 $20 1902 Plain Back National Bank NotesUnited StatesF 15
Warren, PA The Citizens NB Ch. # 2226 Fr. 657 Warren, PA The Citizens NB Ch. # 2226 PMG 30 $20 1902 PB Fr. 657 SN 11779 pp A/1078 1819007-008 $20 1902 Plain Back National Bank NotesUnited StatesVF 30
Warren, PA The Warren NB Ch. # 4879 $10 1902 PB Warren, PA The Warren NB Ch. # 4879 $10 1902 PB Fr. 629 PMG 25 SN 52983/X778493 pp B/139 dated Feb. 23, 1913, R.W. Mackay and F.E. Hertzel signatures. 8055906-012 $10 1902 Plain Back National Bank NotesUnited StatesVF 25
Kingston, NY The National Ulster County Bank Kingston, NY The National Ulster County Bank Ch. # 1050 PMG 12 $5 1902 PB Fr. 598 SN 38323 pp G/1168 5000102-031 $5 1902 Plain Back National Bank NotesUnited StatesF 12
Newport, NH The FNB Ch. # 888 Fr. 598 Newport, NH The FNB Ch. # 888 PMG 20 $5 1902 PB Fr. 598 SN 21892 pp F/1378 8062358-002 $5 1902 Plain Back National Bank NotesUnited StatesVF 20
Red Wing, MN The First NB Ch. # 1487 Fr. 598 Red Wing, MN The First NB Ch. # 1487 PMG 12 $5 1902 PB Fr. 598 SN 16961 pp F/1460 1721803-004 $5 1902 Plain Back National Bank NotesUnited StatesF 12
Shamokin, PA The NB of Shamokin Ch. # 6942 Fr. 598 Shamokin, PA The National Bank of Shamokin Ch. # 6942 PMG 30 EPQ $5 1902 PB Fr. 598 SN 20648 pp H/1493 1723191-007 $5 1902 Plain Back National Bank NotesUnited StatesVF 30 EPQ
Fredericksburg, VA The Planters NB Ch. # 10325 Fredericksburg, VA The Planters NB Ch. # 10325 PMG 40 $5 1902 PB Fr. 603 SN 15444 pp D/1279 Feb. 4, 1913 2508175-002 $5 1902 Plain Back National Bank NotesUnited StatesXF 40
Albion, NY The Citizens NB Ch. # 4998 Albion, NY The Citizens NB Ch. # 4998 PMG 20 $5 1902 PB Fr. 606 SN 7499 pp B/1326 May 2, 1915 1038199-006 $5 1902 Plain Back National Bank NotesUnited StatesVF 20


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