Lot 760
1882, $5 National Bank Note. Fr-477. Close and into the top margin, but with wide bottom and balanced left and right distancing. This is plate position on the sheet.
The brown backs of the Second Charter period were first placed into circulation in 1882 by two classes of banks: by old banks originally chartered in 1863 and then rechartered in 1882, and by new banks such as this one in Indiana organized and chartered between July 12, 1882 and April 11, 1902. Brown backs were issued from 1882 to 1908, and would no doubt have continued until 1922 had it not been for passage of the Aldrich-Vreeland Act which resulted in the issuance of the second type with a denomination on the back. PCGS graded Very Fine 35.
Estimated Value $700 - 900.
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| Realized $748 |
