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The 1882 Date Back $5 National Bank Note from Washington, DC, Charter #5046, in Very Good (VG) condition, represents a fascinating chapter in American financial history. Issued during the late 19th century, this banknote reflects the evolving banking system of the era and the unique role played by national banks in circulating currency.
The design of the 1882 Date Back $5 National Bank Note is characteristic of the time period, featuring intricate patterns, ornate lettering, and detailed engravings. The obverse side of the note prominently displays the denomination "FIVE DOLLARS" in the center, surrounded by decorative elements such as scrollwork and geometric designs. The banknote bears the title "National Currency," indicating its issuance by a national bank authorized by the federal government. The name of the issuing bank, "The Riggs National Bank of Washington, D.C.," is prominently featured at the top of the note, along with the charter number #5046.
One of the most distinctive features of the 1882 Date Back $5 National Bank Note is the portrait of President James Garfield, which appears on the left side of the note. Garfield, the 20th President of the United States, served from March 4, 1881, until his assassination on September 19, 1881. His likeness on the banknote serves as a tribute to his presidency and his contributions to American politics and public service.
The reverse side of the note features additional decorative elements, including intricate patterns and designs. The words "The United States of America" are prominently displayed at the top of the note, reaffirming its status as legal tender issued by the federal government. The intricate engravings and detailed artwork on both sides of the note reflect the craftsmanship and attention to detail characteristic of banknotes produced during the late 19th century.
The 1882 Date Back $5 National Bank Note was printed by the Bureau of Engraving and Printing (BEP), the federal agency responsible for designing and manufacturing U.S. paper currency. The BEP utilized advanced printing techniques and security features to ensure the integrity and authenticity of each note. The printing process involved multiple stages, including plate engraving, printing, and quality control inspections to ensure that each note met the highest standards of quality.
The mintage of the 1882 Date Back $5 National Bank Note varied depending on the demand for currency and the needs of individual banks. National banks were granted the authority to issue their own currency based on their capital reserves, which resulted in a diverse array of banknotes circulating throughout the country. Each banknote was uniquely identifiable by its charter number and the name of the issuing bank, creating a rich tapestry of American monetary history.
In conclusion, the 1882 Date Back $5 National Bank Note from Washington, DC, Charter #5046, in Very Good (VG) condition, is a fascinating relic of American financial history. Its intricate design, historical significance, and unique minting details make it a prized collectible for numismatists and historians interested in exploring the evolution of American currency and banking.