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

What are the secrets of the $5 dollar bill? ›

The $5 note includes an embedded security thread that glows blue when illuminated by UV light. Two watermarks are featured in the $5 note, which are visible from both sides of the note when held to light.

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What is on the back of a $5 bill? ›

The $5 note features a portrait of President Lincoln on the front of the note and a vignette of the Lincoln Memorial on the back of the note. The Great Seal of the United States, featuring an eagle and shield, is printed in purple to the right of the portrait of President Lincoln.

How much is a $2 bill worth? ›

If the $2 bill was minted and printed before 1976, it would likely be worth more than its face value on the collectibles market. In some cases, it might be worth only $2.25. 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.

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Why is the $5 dollar bill purple? ›

The new $5 design also incorporates a number of other state-of-the-art security features. Perhaps the most striking change is a new large-size 5 printed in the lower right-hand corner of the backside of the bill in high-contrast purple ink. That feature was added to help the visually impaired.

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What bill has all 50 states on it? ›

All 50 states are listed at the top of the Lincoln Memorial on the back of the $5 bill.

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Why are $5 bills red? ›

The red seal appears on United States Notes issued from from 1862 to 1971. It shows that the money is an obligation of the U.S. Treasury. Until 1933, the Treasury had been redeeming these notes for gold. Until 1968, the Treasury had them redeemed for silver instead.

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Why is 13 all over the dollar bill? ›

In the Eagle's beak you will read, "E PLURIBUS UNUM", meaning "one nation from many people." Above the Eagle you have thirteen stars representing the thirteen original colonies. Again, we were coming together as one.

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What is the secret of the dollar bill? ›

Secret of the dollar bill and the Number 13

The number thirteen across the dollar bill is used to represent the thirteen colonies of the United States. It is known as The Thirteen Colonies and the Thirteen British Colonies. Yes, these were the British colonies. They were founded in 1604 and dissolved in 1776.

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Why does the five dollar bill have a purple 5? ›

The large, easy-to-read number “5” in the lower right corner on the back of the bill, which helps those with visual impairments to distinguish the denomination, has been enlarged in the new $5 bill design, and is printed in high-contrast purple ink. Because they are so small, microprinted words are hard to replicate.

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What does the red seal on the $5 dollar bill mean? ›

The red seal appears on United States Notes issued from from 1862 to 1971. It shows that the money is an obligation of the U.S. Treasury. Until 1933, the Treasury had been redeeming these notes for gold. Until 1968, the Treasury had them redeemed for silver instead.

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