National Bank Note Types - Series 1882 Value 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%.
Value Backs were the third of the Series 1882 Types to be issued, and were so named due to the 'value' (denomination) spelled out on their backs. They were first issued in 1916, after the expiration of the Aldrich-Vreeland Act on June 30, 1915. 1882 Value Backs were issued to newly chartered National Banks, and were also issued to existing National Banks that had been issuing the now discontinued 1882 Date Backs. Value Backs were issued from 1916 through 1922. Series 1882 Value Backs were issued in denominations of $5, $10, $20, $50 and $100, and in plate combinations of 5-5-5-5, 10-10-10-20 and 50-50-50-100.
Following are images of the back of an 1882 Value Back note, as well the front of each of the 5 denominations issued:
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