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1902 $5 National Bank Note Bluefield WV Charter #11109 Fine

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  • Product ID: 19058
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  • Description:

    The 1902 $5 National Bank Note from Bluefield, West Virginia, Charter #11109, is a historically significant piece of American currency. National Bank Notes were issued by national banks during the period of 1863 to 1935, under the National Banking Act, which was designed to help finance the Civil War and establish a uniform national currency. The Bluefield $5 note represents a specific issuance from this era, featuring a distinctive design and emblematic of the various state-chartered banks that issued these notes. The 1902 issue is notable for its design elements and its place in the broader context of U.S. monetary history during the early 20th century.

    The history of the 1902 $5 National Bank Note is tied to the system of national banks established after the Civil War. The National Banking Act of 1863 created a network of nationally chartered banks, which were authorized to issue currency backed by U.S. government bonds. These notes became widely used, with each bank issuing its own designs, reflecting local and national economic conditions. Bluefield, West Virginia, with Charter #11109, was one of the many cities whose bank was authorized to issue national bank notes. The 1902 $5 note was part of a larger series of National Bank Notes produced by banks across the country during the early 20th century, a time when the U.S. economy was transitioning from a post-Civil War recovery to an industrial powerhouse.

    The design of the 1902 $5 National Bank Note from Bluefield is a classic example of early 20th-century American currency. The obverse of the note features a large portrait of Abraham Lincoln, the 16th president of the United States, who remains one of the most revered figures in American history. Lincoln’s image, portrayed in a detailed engraving, dominates the center of the note, with the word “FIVE” prominently displayed to indicate its denomination. The note also includes the seal of the issuing bank, which in this case is that of the Bluefield National Bank, located in Bluefield, West Virginia. To the right of Lincoln’s portrait, a small vignette depicts a woman holding a scale and a sword, representing justice and the strength of the American legal system. Surrounding these design elements are intricate patterns, giving the note a sense of elegance and formality. The reverse of the note features a simple but striking design, with a large central “5” surrounded by ornate scrollwork. The note also includes the phrases “The United States of America” and “Will Pay to the Bearer on Demand” to emphasize the note’s legitimacy as a promise of payment.

    The 1902 $5 National Bank Note from Bluefield was issued by the Bluefield National Bank, Charter #11109. The bank was established in the late 19th century and was part of the broader network of national banks created by the National Banking Act. The Bluefield National Bank was one of many such institutions that helped facilitate economic growth and stability in the region during this period. These banks played a critical role in the development of the U.S. financial system, providing a stable currency for local and national economies. The Bluefield National Bank was authorized to issue currency, and its notes were backed by U.S. government bonds. The notes, including the 1902 $5 bill, were accepted as legal tender and circulated widely, helping to shape the economic landscape of the time. Bluefield, West Virginia, was a hub for the coal industry, and the issuance of these notes coincided with a period of economic growth driven by industrialization.

    The mintage of the 1902 $5 National Bank Note from Bluefield is limited, which adds to its appeal for collectors. While national banks across the country were authorized to issue these notes, the number of notes issued by any given bank was determined by the bank’s size and the local demand for currency. The Bluefield National Bank, with Charter #11109, would have had a relatively limited number of notes in circulation, especially compared to larger institutions in major cities. As a result, the 1902 $5 Bluefield note is considered a rare example of national currency from a smaller, regional bank. This rarity, combined with the historical significance of the note, makes it a highly sought-after piece for collectors of U.S. paper currency, particularly those interested in the National Bank Note series and the history of regional banking during the early 20th century.

    The condition of the 1902 $5 National Bank Note from Bluefield is critical to its value in the numismatic market. Coins and paper money are graded based on their level of preservation, and the quality of a note can significantly affect its market price. The "Fine" grade indicates that the note is in well-worn but still legible condition, with the design elements and text still visible but exhibiting signs of use and circulation. A note in Fine condition may show creases, folds, and light staining, but the overall integrity of the note is still intact. Notes that are graded Fine are considered to have more moderate wear compared to lower-grade notes, but they still retain much of their original appeal and are highly valued by collectors who seek historical currency in a condition that reflects its age and usage. The Bluefield $5 note in Fine condition is a desirable piece for collectors who appreciate the history behind the note and the significance of its preservation over time.

    The Bluefield $5 National Bank Note from 1902 is a notable example of U.S. currency from the late 19th and early 20th centuries. The national bank note system, which lasted from 1863 to 1935, was integral to the development of the U.S. economy during a time of rapid industrialization and national expansion. The 1902 $5 note issued by the Bluefield National Bank reflects the bank’s role in the financial system of the time, as well as the cultural and economic forces that shaped the nation during the early 20th century. The note's design, with its portrait of President Lincoln and its intricate engraving, captures the formality and dignity of American currency, while the presence of regional seals and vignettes further enhances its historical value.

    Collectors of U.S. paper currency, particularly those with an interest in National Bank Notes, will find the 1902 $5 National Bank Note from Bluefield to be a valuable addition to their collections. The note's rarity, historical significance, and distinctive design make it a standout piece in the world of numismatics. The limited mintage and the fact that it was issued by a regional bank in Bluefield, West Virginia, add to the coin’s uniqueness, making it a desirable piece for those interested in the history of U.S. currency and the role of local banks in shaping the economy. The note is not only a piece of financial history but also a reminder of the changing economic landscape during the early years of the 20th century.

    In conclusion, the 1902 $5 National Bank Note from Bluefield, West Virginia, Charter #11109, in Fine condition, is an exceptional piece of U.S. currency that represents an important era in American history. Its limited mintage, historical context, and distinctive design make it a highly collectible note, and its rarity ensures that it remains a sought-after item in the numismatic market. For collectors and investors alike, this note offers a unique opportunity to own a piece of American financial history, tied to the rise of regional banks and the growth of the U.S. economy in the early 20th century.

  • Details:
    • Denomination: N/A
    • Year: 1902
    • Diameter: N/A
    • Mint Mark: N/A
    • Thickness: N/A
    • Grade: N/A

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