1882 Five Dollar National Currency Date Back 2312 The First National Bank Of Webster (2024)

1882 Five Dollar National Currency Date Back|The First National Bank Of Webster,Charter number 2312.

Obverse: Bust of President James A. Garfield, assassinated seven months after he was elected twentieth President of the United States in 1881. Blue Treasury seal.
Signatures: (as depicted) James Fount Tillman, 8th Register of the Treasury and Daniel Nash Morgan, 19th Treasurer of the United States.
Reverse: At the left, head of George Washington. At the right, the U.S. Capitol.

Inscriptions: National Currency - This Note Is Secured By Bonds Of The United States Or Other Securities - Series of 1882 - Will Pay The Bearer on Demand Five Dollars - Register of the Treasury - Treasurer of the United States - This Note is receivable at par in all parts of the United States in payment of all taxes and excises and all other dues to the United States except duties on imports and also for all salaries and other debts and demands owing by the United States to Individuals Corporations & associations within the United States except Interest on Public Debt - Counterfeiting or altering this note, or passing any counterfeit of alteration of it, or having in possession any false or counterfeit plate or impression of it, or any paper made in imitation of the paper on which it is printed, is felony, and is punishable by $1,000 fine or 15 years imprisonment at hard labor or both.

The First National Bank Of Webster

The First National Bank Of Webster in Massachusetts printed $2,230,170 dollars worth of national currency. This national bank opened in 1875 and stopped printing money in 1929, which equals a 55 year printing period. That is considering a long operation period for a national bank. During its life, The First National Bank Of Webster issued 11 different types and denominations of national currency. For the record, The First National Bank Of Webster was located in Worcester County. It was assigned charter number 2312.

The First National Bank Of Webster also printed 7,850 sheets of $5 1882 blue seal national bank notes. That is a pretty standard sheet output number for these issues. Most of the value is going to be in the condition. 1882 $5 blue seal bank notes were issued by some national banks in The United States. While these are a somewhat rarer issue, they just aren’t especially popular with collectors. With exception of some minor differences, they look exactly like the earlier brown back series. Most collectors would prefer the brown back notes. With that said, some 1882 blue seals can still be worth thousands of dollars.

Notes of the Second Charter Period

July 12, 1882 to April 11, 1902

(Notes of Second Charter types were issued from 1882 to 1922.)

The Congressional Act of July 12, 1882 created the Second Charter Period, the notes of which bear the designation, “Series of 1882.” The purpose of the Act was to make it possible for the banks chartered in 1863 and later to renew their charters at the end of their 20 year term, and also to enable newly organized banks to acquire an initial charter. New notes were designed to mark the transition and in all, three types of notes were issued during this period. As was typical of the First Charter Period, and for the same reasons, notes belonging to the Second Charter Period were issued for about 40 years or until 1922. The three types of notes are as follows: Brown Backs, Dates on Back, Denomination on Back.

Dates on Back. All denominations of this type bear a large "1882 - 1908" in the central panel on the back which is green. Notes of this type are referred to as “Emergency Money” as they were issued under the provisions of the Aldrich-Vreeland Act. These notes were placed in circulation from June, 1908 to July, 1916, but quite inexplicably, 50 and 100 Dollar notes kept being issued until 1922. The notes of this second type were issued only by those banks that had been issuing brown backs and whose charters were still in force. As a bank's charter expired during this period (1908-1916) it would be re-chartered and would then issue notes of the Third Charter Period, Series of 1902 with “1902-1908” on back. Understandably, the number of such banks kept decreasing during this nine year period and the notes of this type are today quite scarce. When the Aldrich-Vreeland Act expired in 1915, the third type was issued.

United States 5 Dollar Bills

United States 5 Dollar Bill, Silver Certificate Porthole Star note 1923

FAQs

Are national currency notes still legal tender? ›

Also, while a variety of denominations were issued as United States Notes during the large-size era, only the $1, $2, $5, and $100 denominations were ever issued as small-size notes. Existing United States Notes are still fully usable and are considered legal tender.

What was the national currency? ›

After the U.S. Constitution was ratified, Congress passed the "Mint Act" of April 2, 1792, which established the coinage system of the United States and the dollar as the principal unit of currency. By this Act the U.S., became the first country in the world to adopt the decimal system for currency.

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What are 1929 National Bank Notes? ›

Series 1929

The last series of National Bank Notes were these small-sized notes. Available in $5, $10, $20, $50, and $100 denominations, the notes were last issued in May 1935.

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Did banks ever print their own money? ›

From 1863 to 1935, National Bank Notes were issued by banks throughout the country and in US territories. Banks with a federal charter would deposit bonds in the US Treasury. The banks then could issue banknotes worth up to 90 percent of the value of the bonds.

Is my old dollar bill worth anything? ›

Most circulated Federal Reserve Notes from more modern series are worth no more than face value. Some of the early series notes (1928 and 1934) do carry a small premium, although for circulated notes this premium is small, usually 10% to 30%.

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Is the $5,000 dollar bill legal tender? ›

American paper currency comes in seven denominations: $1, $2, $5, $10, $20, $50, and $100. The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation.

Is there a $3 bill? ›

While a $3 bill doesn't officially exist in U.S. currency, novelty versions have been created for amusem*nt. These often feature personalities that aren't on standard currency, like President Barack Obama or even fictional characters.

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Can you get a $1000 dollar bill from the bank? ›

Along with its smaller cousin, the $500 bill, the $1,000 bill was discontinued in 1969.4 And like the $500 bill, the $1,000 bill would seem to be more useful now than it would have been then. So, we've lost larger denomination bills as the value of a dollar has gotten progressively smaller.

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Is a $2 bill worth $5000? ›

The highest value is $4,500 or more for uncirculated notes from 1890, although most of those bills range in value from $550 to $2,500. The values are the same whether the bill has a red or brown seal. An original uncirculated $2 bill from 1862 ranges in value from $500 to more than $2,800.

How much is a 1976 $2 bill worth? ›

“A serial number '1' for a 1976 $2 bill would be worth $20,000 or more. But [for] a majority of those people holding 1976 $2 bills, they are only worth face value. There are very few that actually exceed face value.” Other high-value serial numbers include what collectors call “solid” or “ladders.”

Are bank notes worth anything? ›

Like most collectables, the value of banknotes is directly linked to condition, grade, rarity and desirability. Flawless uncirculated banknotes are usually worth more than their circulated counterparts. Well-centred notes also tend to be of greater value, due to their greater desirability among collectors.

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Who created money? ›

Historians generally agree that the Lydians were the first to make coins. However, in recent years, Chinese archaeologists have uncovered evidence of a coin production mint located in China's Henan Province thought to date to 640 B.C. In 600 B.C., Lydia began minting coins widely used for trading.

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What is the oldest dollar bill? ›

The first $1 notes (called United States Notes or "Legal Tenders") were issued by the federal government in 1862 and featured a portrait of Secretary of the Treasury Salmon P.

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Who invented the US dollar? ›

Congress acted on Hamilton's recommendations, with the Coinage Act of 1792 that established the dollar as the basic unit of account for the United States. The United States Mint was created by Congress following the passing of the Coinage Act. It was primarily tasked with producing and circulating coinage.

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What notes are no longer legal tender? ›

Old paper £20 and £50 notes are no longer legal tender. We explain what to do with your old banknotes and where to exchange them. (Image credit: Photography taken by Mario Gutiérrez.) Old £20 and £50 paper notes stopped being legal tender in the UK on 30 September 2022.

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Are old notes still valid? ›

Figures from the Bank of England show that in April 2023, there were still 445 million old paper banknotes in circulation in the UK, worth almost £9 billion, even though the old paper £20 and £50 notes stopped being legal tender in October 2022.

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Which 5 notes are still legal tender? ›

The series G (polymer) note is the only £5 note that is currently legal tender.

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