National Bank Note Types - Series 1882 Date Back

The Act of July 12, 1882 allowed existing National Banks to receive a 20 year extension, and also called for a new series of note designs to be issued. Over the next 40 years, there were 3 distinct types of Series 1882 bank notes issued: 1882 Brown Back, 1882 Date Back and 1882 Value Back. Brown Backs are the most common type of the surviving Series 1882 bank notes, with 63% of the total notes reported. Value Backs are the rarest type with 12% of the total Series 1882 notes reported, and Date Backs are in the middle with 25%.

Date Backs were the second of the Series 1882 Types to be issued, and were so named due to the 1882 * 1908 dates printed on their backs. They were first issued in 1908, as a result of the Aldrich-Vreeland Act, which allowed additional securities to back increased note circulation during financial emergencies. A new security clause on the face of the notes, 'Secured by United States Bonds Or Other Securities' reflects this option. 1882 Date Backs were issued to newly chartered National Banks, and were also issued to existing National Banks that had been issuing the now discontinued Brown Backs. Date Backs were issued mainly from 1908 to 1915, but a few continued to be issued until 1922. Series 1882 Date Backs were issued in denominations of $5, $10, $20, $50 and $100, and in plate combinations of 5-5-5-5, 10-10-10-10, 10-10-10-20, 50-100 and 50-50-50-100.

Following are images of the back of an 1882 Date Back note, as well as a note for each of the 5 denominations issued:

Back of a $20 Series 1882 Date Back issued by First National Bank of Winnebago City, MN.

$5 Series 1882 Date Back issued by Garfield National Bank of New York, NY.

$10 Series 1882 Date Back issued by Franklin National Bank of Franklin, NH.

$20 Series 1882 Date Back issued by First National Bank of Winnebago City, MN.

$50 Series 1882 Date Back issued by Corn Exchange National Bank of Chicago, IL. Image courtesy of Heritage Auctions, HA.com

$100 Series 1882 Date Back issued by Live Stock National Bank of Sioux City, IA. Image courtesy of Heritage Auctions, HA.com

Return to An Overview of National Bank Note Types issued 1863-1935

References

• Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
• Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
• Peter Huntoon, United States Large Size National Bank Notes (Laramie, WY: The Society of Paper Money Collectors, 1995).
• The National Bank Note Census, nbncensus.com
• Heritage Auction Archives, currency.ha.com