Set Listing   Gallery    

Signature Set Detail: 1882 Value Backs and 1902 PBs with anachronistic clauses or 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 note types were issued to mark this legal revision (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 and replaced by "Deposited with the US Treasury" 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: 200

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
Columbus, OH The Commercial NB Ch. # (M)2605 Columbus, OH The Commercial NB Ch. # (M)2605 PMG 20 $10 1882 VB Fr. 577 Radar SN 17471/T627529 pp D/117 dtd. Nov. 30, 1901. PMG commented Stains which are most evident on the front. Not a scarce bank, but there are only 3 other $10 VBs in the Kelly Census and this is the only radar. Nice dark stamped signatures of M. Hoffman, Cashier and G.A. Archer, President. 1991035-019 $10 1882 Value Back National Bank NotesUnited StatesVF 20
Connellsville, PA The First NB (E)2329 PMG 20 $10 Connellsville, PA The First NB (E)2329 PMG 20 $10 1882 VB Fr. 576 Tillman | Morgan Radar Treasury SN 9076/T493394 pp F/118dtd. March 26, 1896. Chartered 4/8/76, Liquidated 6/22/28. Assumed circulation of 4861, Yough NB of Connellsville which liquidated in 3/3/13. Bank officers' signatures are from (Geo W.) Stauffer, Cashier and E.T. Norton stamped in blue ink and remain legible, albeit light, to this day. For 52 years, 3x10-20 sheets only and only a 193 of them VBs! 8064690-010 $10 1882 Value Back National Bank NotesUnited StatesVF 20
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
Lewistown, PA Citizens NB of Ch. # (E)5289 PMG 25 Lewistown, PA Citizens NB of Ch. # (E)5289 PMG 25 $10 1882 VB Fr. 577 SN 6197/U958335 pp E/146 dtd. Feb. 27, 1900. The Citizens is a scarce bank--this is only the second $10 Value Back to be reported. Evenly circulated and problem free with nice color and margins. Ten Dollars and National Bank are reminiscent of Walcutt's Gp 16 plate note of Towanda, PA (also the Citizens NB). The A in Dollars has the diagonal crossbar and the E in Ten matches the E in Five. Letters for NB have spikes on top and bottom surfaces, but for Lewistown it is layed out in a curve, not flat, with larger letters, but the dangling balls off the T are gone. Signatures have faded away. 5004559-020 $10 1882 Value Back National Bank NotesUnited StatesVF 25
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
Grove City, PA The Grove City NB Ch. # (E)5501 Grove City, PA The Grove City NB Ch. # (E)5501 PMG 25Net $20 1882 VB Fr. 583 Binary SN 10100/T818898 pp A/118 dtd. Aug. 1, 1908 Second title on this Mercer County institution, having begun business as the Peoples NB in 1900, and changing to the Grove City name in 1908. This is the first auction appearance of a large size note in almost six years, and a Second Charter example is ten years. Redrawn signatures are the reason for the Net grade. 1800679-011 $20 1882 Value Back National Bank NotesUnited StatesVF 25 NET
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
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
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
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
Philadelphia, PA The Tenth NB Ch. # 3423 $5 1902 Philadelphia, PA The Tenth NB Ch. # 3423 $5 1902 PB Fr. 599 PMG 25 SN 42424/M801335H pp H/1112 Radar Bank SN 8050391-007 $5 1902 Plain Back National Bank NotesUnited StatesVF 25
Berlin, NH The Berlin NB Ch. # 4523 PMG 35 $5 1902 Berlin, NH The Berlin NB Ch. # 4523 PMG 35 $5 1902 PB Fr. 601 SN 24997 pp D/1601 dtd. Feb. 1, 1911. 5013570-008 $5 1902 Plain Back National Bank NotesUnited StatesVF 35
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
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
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 dtd. Aug. 29, 1903. First title. Second title = Nat'l Dime Bank found on Type 2 notes. Bank officers' signatures of G.C. Graeber, Cashier and Edward Brennan, President stamped in black in remain strong to this day. 1723191-007 $5 1902 Plain Back National Bank NotesUnited StatesVF 30 EPQ
Clarksville, TX The Red River NB Ch. # 4982 PMG 10 Clarksville, TX The Red River NB Ch. # 4982 PMG 10 Net $5 1902 PB Fr. 605 SN 6146/T767332H pp D/1117 5012046-006 $5 1902 Plain Back National Bank NotesUnited StatesVG 10 NET
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
Saint Clairsville, OH The First NB Ch. # 315 Saint Clairsville, OH The First NB Ch. # 315 PMG 30 EPQ $10 1902 PB Fr. 624 SN 17692 pp F/884 February 25, 1903 Bank officer signatures of A.L. Bumgarner, Cashier, and Jas. A. Patterson Vice President (signed for John Pollock, Pres. 1918-1928). The engraver spelled out February on plates for Ch. 315. 1625737-015 $10 1902 Plain Back National Bank NotesUnited StatesVF 30 EPQ
Stoneboro, PA FNB Ch. # 6638 $10 1902 PB Fr. 624 Stoneboro, PA FNB Ch. # 6638 $10 1902 PB Fr. 624 PMG 64 EPQ SN 2991 pp D/1201 1601763-005 $10 1902 Plain Back National Bank NotesUnited States64 EPQ
Newport, NH The Citizens NB Ch. # 3404 PMG 55 $10 Newport, NH The Citizens NB Ch. # 3404 PMG 55 $10 1902 PB Fr. 625 SN 8074 pp D/1154 5013569-012 $10 1902 Plain Back National Bank NotesUnited StatesAU 55
Mitchell, SD The Mitchell NB Ch. # 3578 PMG 30 $10 Mitchell, SD The Mitchell NB Ch. # 3578 PMG 30 $10 1902 PB Fr. 626 SN 15566 pp D/1114 Oct. 13, 1906. Purple stamped signatures are of Cashier H.D. Lewis and President M.F. Patton. They would also usher in the small size era at this charter number. 8062358-006 $10 1902 Plain Back National Bank NotesUnited StatesVF 30
Wellston, Ohio The First NB. Ch. # 3565 $10 1902 Wellston, Ohio The First NB. Ch. # 3565 $10 1902 PB Fr. 626 PMG 45 SN 5061/R436463H pp F/823 Sept. 1, 1906. Black stamped signatures of Arthur Harry Cashier and Geo. C. Sellers Pres. 8039110-024 $10 1902 Plain Back National Bank NotesUnited StatesXF 45
Elk City, OK The First NB Ch. # 9952 $10 1902 PB Elk City, OK The First NB Ch. # 9952 $10 1902 PB Fr. 627 PMG 20 Radar SN 9449 pp C/1046 5012358-009 $10 1902 Plain Back National Bank NotesUnited StatesVF 20
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
Newport, PA The First NB Ch. # 4917 PMG 30 Stain Newport, PA The First NB Ch. # 4917 PMG 30 Stain $10 1902 PB Fr. 630 SN 6876 pp B/880 dtd. May 8, 1913. A better Perry County bank. Cashier Gilbert H. Frank and President A.W. Kough. ex Alan Teal. 8062358-003 $10 1902 Plain Back National Bank NotesUnited StatesVF 30
New Bethlehem, PA The FNB Ch. # 4978 PMG 35 $10 New Bethlehem, PA The FNB Ch. # 4978 PMG 35 $10 1902 PB Fr. 631 SN 7037 pp C/930 dtd. August 30, 1914. Pen signed by cashier C.E. Sheffer and President F.L. Andrews, officers of this Clarion County town's sole issuing bank. Minor paper pulls noted by PMG. Also previously mounted, not noted by PMG. The large population is primarily exceptional Brown Backs including several SN 1's. 1141839-011 $10 1902 Plain Back National Bank NotesUnited StatesVF 35
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
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
Tilton, NH The Citizens National Bank Ch. # 1333 Tilton, NH The Citizens National Bank Ch. # 1333 PMG 20 $5 1902 PB Fr. 598 SN 17727 pp G/1503 dtd. Mar. 21, 1905. A moderately circulated large size note from this Belknap County bank with dark printed signatures of Chas. E. Smith, Cashier and Frank Hill, President that remain bold. It is one of less than a dozen and a half examples in the census. This is the second title for this bank having started in 1865 as the Citizens NB of Sanbornton; Kelly lists only 1 note with the first title. In 2/19/75 the 2d title was adopted for series of 1875 $5s, $10s and $20s as was the practice through small size nationals. From the David F. Noyes Collection, Part II, sold by HA 19 Sep 2019. 5013570-010 $5 1902 Plain Back National Bank NotesUnited StatesVF 20
back to the top

To follow or send a message to this user,
please log in