Grand Rapids, MI, Ch.#2611, 1882 Value Back $5, Fr.574, XF

# 2392
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Grand Rapids, MI, Ch.#2611, 1882 Value Back $5, Fr.574, XF

The Fourth National Bank of Grand Rapids, Michigan, Charter #2611, 1882 Value Back $5, Fr.574, Extremely Fine

This bank issued only large-size notes as it was liquidated in 1926. The lightly circulated note we offer here is an exceptional example of the type. It has excellent margins, bright colors and premium paper quality. The signatures of Bishop and Anderson are as fresh as when they were applied over a century ago. The note is only three folds away from New.

Value Back notes of this quality are hard to come by, regardless of location. There are less than a thousand five dollar notes known for the entire country, and many are of low grade. The state of Michigan has only twenty-nine $5 Value Backs from only six banks that are known to survive. This note is tied for second-finest known for the whole state (behind three un-certified notes reported to be AU).

This bank has more than the typical number of survivors with ten fives, three tens and two twenties. This note is tied with one other XF $5 note and one $20 for finest known Value Backs for the bank. Among all types known on this bank, only two are assumed to be of higher grade (both AU).

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