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Melamed Minnesota Collection > Melamed Minnesota Collection

Lot #1 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 5,000.00)
Fr. 659 $20 1902ND
Ada, First NB, 5453
A beautiful, pen-signed note that is the finest of the four notes reported. Only the second offering ever with the last being more than a dozen years ago. This is the rarer of the town's two national banks. Signed by C.J. Lofgren, President and L. Lofgren, Cashier.
Grade: VF +    Bank Name: Ada, First NB, 5453
Lot #2 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 2,500.00)
Fr. 657 $20 1902ND
Ada, NB, 10665
A wonderful pen-signed note from the later of the town's two national banks. There are just eight large notes reported and this is one of the nicer examples. This note previously came from a CAA sale in 1992 where it realized $550. A VG brought nearly $750 in 2008. A.J. Johnson, President.
Grade: VF +    Bank Name: Ada, NB, 10665
Lot #3 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 625 $10 1902ND
Adams, First NB, 8059
This Mower County bank has only had two large size appearances in 60 years, with this being the third. It's a terrific pen-signed note by the cashier while the blue president's signature appears smeared. This was the town's only national bank.
Grade: VF    Bank Name: Adams, FIrst NB, 8059
Lot #4 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 651 $20 1902ND
Adrian, First NB, M7960
This Nobles County note is from the earlier of the town's two national banks. It was chartered in 1905 and there are just seven large notes reported. This note appears to be the best of the seven known. Only three different notes have ever been offered publicly for sale.
Grade: VF +    Bank Name: Adrian, First NB, M7960
Lot #5 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 626 $10 1902ND
Adrian, NB, M9033
A pretty VF with well-stamped signatures and good color. The town's later bank that was in business from 1908 to 1931. There have only been three public offerings. Signed by J.C. Becker, President and F.J. Ferkenbrock, Cashier.
Grade: VF +    Bank Name: Adrian, NB, M9033
Lot #6 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 624 $10 1902ND
Aitkin, First NB, M6803
This bank, that was one of two in town, was chartered in May 1903. An attractive Blue Seal that has great paper quality and excellent pen signatures of Geo. W. Robinson, President and J.E. Johnson, Cashier. There are only seven large notes reported, with none that appear better than this example. This is only the second time in 60 years a large size note has been offered, the last time was in 2002.
Grade: VF +    Bank Name: Aitkin, First NB, M6803
Lot #7 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 1802-1 $20 1929T1
Aitkin, Farmers NB, 10783
Although this bank was chartered in 1915 they did not issue any large size notes, just some $10 and $20 small size Type 1s and Type 2s. This note is the highest grade reported of the five small notes known. There has only been a single auction appearance.
Grade: VF    Bank Name: Aitkin, Farmers NB, 10783
Lot #8 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 626 $10 1902ND
Albert Lea, First NB, 3560
This was the earliest of the town's four national banks, chartered in 1886. It is also the most often seen with 25 large notes reported. A pleasing VF with black stamped signatures of Alfred Christopherson, President and F.G. Reese, Cashier.
Grade: VF    Bank Name: Albert Lea, First NB, 3560
Lot #9 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 15,000.00)
Fr. 485 $10 1882BB #1
Albert Lea, NB, 4702
This first note printed on this exceptionally rare bank. Chartered in 1892 and closed in 1902 after issuing only 1,517 sheets of $10-10-10-20 Brownbacks. This note is well centered and bright with a couple of minor spots that are mentioned for accuracy. Signed by H.D. Brown, President and C.B. Kellar, Cashier.
Grade: VF/XF    Bank Name: Albert Lea, NB, 4702
Lot #10 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 642 $20 1902DB
Albert Lea, Citizens NB, M6128
This bank was the third one chartered in town and it was in business from 1902 to 1927. This note is evenly circulated with pen signatures of Edward Olsen, President and A.C. Erickson, Assistant Cashier.
Grade: VF    Bank Name: Albert Lea, Citizens NB, M6128
Lot #11 - National Bank Notes > Minnesota - ($ 12,500.00 - $ 25,000.00)
Fr. 613 $10 1902RS
Albert Lea, Security NB, M6431
A magnificent example of survival from such a short-lived national bank which was only in business from 1902 to 1905, issuing a scant 456 sheets total. All Red Seals. This note is very fresh and well centered with great color. Signed by C.H. Freeman, President and G.D. Freeman, Assistant Cashier.
Grade: VF +    Bank Name: Albert Lea, Security NB, M6431
Lot #12 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 650 $20 1902ND
Alden, First NB, 6631
This attractive Blue Seal is from a one-bank town that has seven large notes reported, but none ever offered publicly. This note has light, wispy, purple stamped signatures. It appears to be the best of the seven known. O.B. Penning, Cashier.
Grade: VF +    Bank Name: Alden, First NB, 6631
Lot #13 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 624 $10 1902ND
Alexandria, First NB, M2995
A pleasing note from the earlier of the town's two national banks. It has excellent purple signatures of C.J. Gunderson, President and C. Raiter, Cashier. This note appears to be at the top of the census for grade.
Grade: VF +    Bank Name: Alexandria, First NB, M2995
Lot #14 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 2,500.00)
Fr. 545 $10 1882DB
Alexandria, Farmers NB, M5859
A lovely 1882 Dateback with excellent color and centering. This bank was chartered in 1901 and closed its doors in 1927. Fortunately 43 notes, many very high grade, were saved. Excellent signatures of Tollef Jacobson, President and H.A. Schaefer, Assistant Cashier.
Grade: VF/XF    Bank Name: Alexandria, Farmers NB, M5859
Lot #15 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 593 45 1902DB
Amboy, First NB, M9775
A great looking Blue Seal from this one-bank town. The bank was in business from 1910 to 1929, issuing only large size and 13 have survived to date. This Blue Earth County note was signed by F.M. Schioertz, Vice President and K.B. Iongerson, Assistant Cashier.
Grade: VF +    Bank Name: Amboy, First NB, M9775
Lot #16 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 650 $20 1902ND
Anoka, NB, 3000
This community was home to three national banks, the first being unknown and this one, which is just plain rare in large size. Only three large size are reported and this one is by far the best with wispy, purple stamped signatures of John Coleman, President and L.J. Greenwald, Cashier as well as great color and centering. The charter #3000 is also highly collectible. This bank has only appeared in auction once and that was last year when this example was discovered.
Grade: VF    Bank Name: Anoka, NB, 3000
Lot #17 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 1801-1 $10 1929T1
Anoka, NB, 3000
Richard replaced his rare small size with a large note last year and then a group of small size appeared in high grade. None have never appeared publicly that I am aware of. This example is pleasing and evenly circulated. Arthur J. Caines, President and L.J. Grauwald, Cashier.
Grade: Fine    Bank Name: Anoka, NB, 3000
Lot #18 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 1802-1 $20 1929T1
Anoka, First NB, 13547
This was the town's third national bank, chartered in 1931 and issuing only small size notes. A nice looking, well centered note bearing the signatures of G.J. Hastings, President and J.M. Olsen, Cashier. There are only six small notes reported with two different notes having public offerings.
Grade: VF +    Bank Name: Anoka, First NB, 13547
Lot #19 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 652 $20 1902ND
Appleton, First NB, 8813
This town was home to two national banks but the earliest is unreported, short-lived and with a tiny issue. This bank was chartered in 1907. None of the three large notes reported has ever been offered publicly, although the small size have been. This note is equal to the best of the other two. Excellent signatures including G. Kivley, Cashier.
Grade: VF    Bank Name: Appleton, First NB, 8813
Lot #20 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 1800-1 $5 1929T1 #1
Appleton, First NB, 8813
A well-centered, problem-free, high-grade serial #A000001A from this bank in Swift County. There are 14 small notes reported, including the rest of the #1 sheet which was cut about a decade ago. None have been available for the last six years or so.
Grade: Ch. AU    Bank Name: Appleton, First NB, 8813
Lot #21 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 577 $10 1882VB
Argyle, First NB, M5907
A one-bank town, the bank was chartered in 1901 and liquidated in 1927. This is a scarce type with the value spelled out on the back. It's well used and cut tight on top but has clear signatures of N.S. Hegnes, President and A.E. Pfiffner, Cashier. Several better examples do exist.
Grade: Fine    Bank Name: Argyle, First NB, M5907
Lot #22 - National Bank Notes > Minnesota - ($ 10,000.00 - $ 20,000.00)
Fr. 632 $10 1902ND
Aurora, First NB, 11345
A rare one-bank town that only had a national bank from 1919 to 1928 and only printed 1,166 sheets of notes. A problem-free note that is one of two known and the first to be offered publicly in 60 years. A great rarity signed by John H. Barton, President and Ira B. Luther, Cashier.
Grade: Fine +    Bank Name: Aurora, First NB, 11345
Lot #23 - National Bank Notes > Minnesota - ($ 800.00 - $ 1,500.00)
Fr. 600 $5 1902ND
Austin, First NB, M1690
This note is from the earliest and most often seen bank. It's UNC with average centering. The officers that signed are N. Baufield, President and Ele Baufield, Assistant Cashier. A family bank I would say.
Grade: CU    Bank Name: Austin, First NB, M1690
Lot #24 - National Bank Notes > Minnesota - ($ 250.00 - $ 500.00)
Fr. 592 $5 1902DB
Austin, NB, M4131
This was the town's second national bank, chartered in 1889 and liquidated in 1931. There are apparently 20 large notes reported but only a single low-grade offering of this charter. Signed by J.L. Mitchell, President and P.D. Beaulieu, Cashier.
Grade: VF +    Bank Name: Austin, NB, M4131
Lot #25 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 6,000.00)
Fr. 606 $5 1902ND
Avoca, First NB, 11224
A rare one-bank town that has seven large notes reported, but only three public offerings in the last 60 years. This bank was chartered in 1918 and closed 10 years later in 1928 after printing a scant 2,227 sheets. The signatures are very faint but there.
Grade: Fine    Bank Name: Avoca, First NB, 11224
Lot #26 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 624 $10 1902ND
Bagley, First NB, 6813
This Clearwater County bank was chartered in 1903. The only bank in town. It only has eight large notes reported, with only two different notes having been offered publicly. This evenly circulated note bears the signatures of A. Kaiser, President and S.M. Beggs, Cashier.
Grade: Fine    Bank Name: Bagley, First NB, 6813
Lot #27 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 6,000.00)
Fr. 650 $20 1902ND
Balaton, First NB, M6840
This small town in Lyon County had just this one bank that was chartered in 1903 and closed in 1924. This example is either the finest known or close, with good color and an excellent signature of H.S. Henerman, President.
Grade: VF +    Bank Name: Balaton, First NB, M6840
Lot #28 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 631 $10 1902ND
Barnesville, First NB, M4959
This Clay County community had two national banks, with this being the first, chartered in 1894. Several notes were saved and there are 21 large notes reported, several others are UNC. The top margin is close on this beautiful note. Signed by L.L. Olson, President and Melvin Hanson, Assistant Cashier.
Grade: PCGS New 62 PPQ    Bank Name: Barnesville, First NB, M4959
Lot #29 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 6,000.00)
Fr. 633 $10 1902ND
Barnum, First NB, 11761
The only bank in this town from Carlton County is really tough with only 982 sheets printed. It's one of the lower grades in the collection. This bank was chartered in 1920 and there has never been a large size appearance of the four notes known. Signed by Emil Erickson, President.
Grade: VG/Fine    Bank Name: Barnum, First NB, 11761
Lot #30 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 626 $10 1902ND
Battle Lake, First NB, 8756
A lovely note from the only national bank in town. It was chartered in 1907 and issued straight through small size notes. A very pretty example that is equal to or better than any reported. Excellent pen signatures of J.H. Hausen, President and C.S. Peterson, Cashier. A great name for all those collectors out there and it's only the third public offering in 60 years.
Grade: VF +    Bank Name: Battle Lake, First NB, 8756
Lot #31 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 7,000.00)
Fr. 657 $20 1902ND
Baudette, First NB, M10710
This bank, the only bank in town, was chartered in 1915 and issued notes through small size. Although there are four large notes reported, none have ever been publicly available in 60 years. This note has lightly stamped signatures of R.M. Skinner, President and Walter Orr, Cashier.
Grade: Fine +    Bank Name: Baudette, First NB, M10710
Lot #32 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 650 $20 1902ND
Beardsley, First NB, M7438
This bank was the only bank in town. It was chartered in 1904 and closed in 1927 so they issued no small size notes. The census shows eight large notes reported and only two public offerings. A couple of known examples appear to be slightly better. Signed by the Vice President and Assistant Cashier.
Grade: Fine    Bank Name: Beardsley, First NB, M7438
Lot #33 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 618 $10 1902DB
Beaver Creek, First NB, M9321
A sharp, well-signed, problem-free rarity from a one-bank town that has a neat name, especially for National Bank Note collectors. This bank was chartered in 1909 and closed in 1924. This is certainly a great title and it's the best of the recorded examples. I know it would be a great addition to a state collection and one I have never owned. Signed by Chas. Shade, President and M.O. Page, Cashier.
Grade: Fine +    Bank Name: Beaver Creek, First NB, M9321
Lot #34 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 598 $5 1902ND
Belle Plaine, First NB, M7273
An exceptional example from this one-bank town in Scott County that has only five large notes reported. Great pen signatures of Ernst Vinkermeier, Vice President and H.E. Fay, Cashier. This note, which is not listed in the census, is bright, fresh and better than the other known notes.
Grade: VF/XF    Bank Name: Belle Plaine, First NB, M7273
Lot #35 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 577 $10 1882VB
Bemidji, First NB, M5582
There have only been two large size appearances from this bank that was chartered in 1900. The note is quite nice and well centered but does have a wallet stain on back. This is a $10 Valueback and that is a scarce type itself. Just eight large notes are reported. The vice president's signature is there but not readable while a Henderson signed as assistant cashier.
Grade: VF+/Fine    Bank Name: Bemidji, First NB, M5582
Lot #36 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 627 $10 1902ND
Bemidji, Northern NB, M8241
This is the second title for this charter. The bank was originally chartered in 1906 as the Lumberman National Bank but no surviving notes are reported. This title was taken in 1909 and we can find only one large size note offered in 50 years. Only a couple of the 10 notes reported appear to be of a higher grade. This note has a small internal tear.
Grade: Fine +    Bank Name: Bemidji, Northern NB, M8241
Lot #37 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 6,000.00)
Fr. 624 $10 1902ND
Benson, First NB, M6154
A very attractive example of this one-bank town bank that was chartered in 1902 and closed in 1926 without issuing small size notes. This note appears to be the second finest known and it has excellent purple signatures of F.C. Thornton, President and Herman A. Danelz, Cashier. This is the first public offering of this town, although the census enumerates six notes.
Grade: VF +    Bank Name: Benson, First NB, M6154
Lot #38 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 1801-1 $10 1929T1
Bertha, First NB, 7373
A one-bank town that has never been publicly offered in large size. Only two appearances in small size, even though there are 10 small notes reported. Signed by F.B. Cooce, President and A.J. Hilpert, Cashier.
Grade: Fine +    Bank Name: Bertha, First NB, 7373
Lot #39 - National Bank Notes > Minnesota - ($ 8,000.00 - $ 16,000.00)
Fr. 607 $5 1902ND
Big Lake, First NB, M11611
This short-lived bank (1902 - 1926) is a relatively recent acquisition for the Melamed Collection. As I understand it, both notes were discovered by Don Mark so I assume the Higgins Museum acquired the other. This note, from the only bank in town, is in lovely condition and has well stamped signatures of John M. Haven, President and Charles F. Knapp, Cashier. This is one of my favorites.
Grade: VF +    Bank Name: Big Lake, First NB, M11611
Lot #40 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 2,500.00)
Fr. 652 $20 1902ND
Biwabik, First NB, 8697
This northern Minnesota location has only six notes reported from its 20 year life, 1907 to 1927. This is the finest known example and it has light purple signatures that we will need to figure out from reference material.
Grade: VF +    Bank Name: Biwabik, First NB, 8697
Lot #41 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 652 $20 1902ND
Blackduck, First NB, M9147
Great names are always in the greatest demand among National Bank Note collectors and few in Minnesota have more pizzazz amongst the generalist. This bank is of course the only bank in town. It was in business from 1908 to 1925, issuing 2,617 sheets of notes. This note came from the Marco Biondich Collection in 1998 where it realized $4,620. It has pen signatures of F.G. Sheldon, President and E.R. Rice, Cashier. The current stats show four notes reported.
Grade: Fine    Bank Name: Blackduck, First NB, M9147
Lot #42 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 624 $10 1902ND
Blooming Prairie, First NB, M6775
A one-bank town from Steele County with a neat town name chosen by settlers. There are currently six large notes reported and the bank issued through the small size period. There has only been a single public offering before this appearance and it realized over $2,000 in 2008. Pen signatures of C.A. Peterson, Vice President and L. O'Toole, Assistant Cashier are prominently readable.
Grade: F/VF    Bank Name: Blooming Prairie, First NB, M6775
Lot #43 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 1801-1 $10 1929T1
Blue Earth, First & Farmers NB, 5393
This is the bank's second title and it's a very pretty example. There are 27 small notes reported but no large size with this title. A nice, well centered note that looks even better than the grade. It's always a popular title, chosen for that fertile southern Minnesota earth.
Grade: VF/XF    Bank Name: Blue Earth, First & Farmers NB, 5393
Lot #44 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 624 $10 1902ND
Blue Earth, Farmers NB, 7641
This was the town's second national bank, chartered in 1905 and liquidated in 1930. There appears to be 16 large notes reported but none better than this well-signed and evenly circulated note. Signed by Robert M??, President and H.D. Gaschke, Assistant Cashier.
Grade: VF    Bank Name: Blue Earth, Farmers NB, 7641
Lot #45 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 1802-1 $20 1929T1
Bovey, First NB, 11054
No doubt this note was saved because not only does it represent the town, it is also an error with a wet ink transfer on the back clearly showing the tombstone and charter number. This note is not listed in the census of 18 small notes reported but there are not any others from this sheet. This bank, the only bank in town, was chartered in 1917 and this is the best grade recorded from the bank.
Grade: PCGS Ch. Abt. New 58 PPQ    Bank Name: Bovey, First NB, 11054
Lot #46 - National Bank Notes > Minnesota - ($ 1,750.00 - $ 2,750.00)
Fr. 590 $5 1902DB
Braham, First NB, M7387
A scarce and evenly circulated note from Isanti County. This bank was chartered in 1904 and issued through to the end of the National Bank Note period in 1935. There are five large notes reported and one seems to be better than the rest, but not this note. The pen signatures require imagination to read or figure out.
Grade: Fine    Bank Name: Braham, First NB, M7387
Lot #47 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 10,000.00)
Fr. 420 $10 1875
Brainerd, First NB, 2590
A beautiful 1875 Series $10 First Charter from this early northern Minnesota bank. This type just doesn't turn up from Minnesota as most of the banks were later and didn't issue many $10s. This note carries a date of November 25, 1881, nearly the end of this First Charter period and before Brownbacks became the rage. There are 12 large notes reported but only an 1875 $5 appears to be similar in quality.
Grade: VF/XF    Bank Name: Brainerd, First NB, 2590
Lot #48 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 2,500.00)
Fr. 581 $20 1882VB
Brainerd, First NB, M2590
I don't believe this $20 Valueback is in the census and it's the only $20 Valueback known from the bank. That's why Richard chose to save both notes, because they are such great types for the state. There are 13 large notes reported. Signed by A.J. Hayes, Cashier. The president's signature is there but undecipherable.
Grade: Fine    Bank Name: Brainerd, First NB, M2590
Lot #49 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 15,000.00)
Fr. 632 $10 1902ND
Brandon, First NB, M10862
An excessively rare one-bank town. There are just three notes reported from the bank's short life span from 1916 to 1926. During that period 2,640 sheets of notes were printed. We know that one of the three notes recorded is damaged. This example is evenly circulated, without problems and has excellent pen signatures. This note realized $7,475 when its appearance was made in the fall of 2008.
Grade: Fine +    Bank Name: Brandon, First NB, M10862
Lot #50 - National Bank Notes > Minnesota - ($ 6,000.00 - $ 12,000.00)
Fr. 620 $10 1902DB
Breckenridge, First NB, M4644
This is a two-bank town, with this bank being chartered in 1891. There had been just a single appearance in 60 years until now. The note is evenly circulated with pen signatures of the vice president and H.H. Johnson, Cashier. Based on current history I would hate to have to wait for the next one to appear!
Grade: VF    Bank Name: Breckenridge, First NB, M4644
Lot #51 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 3,500.00)
Fr. 650 $20 1902ND
Breckenridge, NB, M6335
This bank was chartered 11 years after the town's first national bank, chartered in 1902 and closed in 1927, along with numerous others in the state. There are only four notes reported on this bank and only a single public offering since 2003. That doesn't leave many opportunities for acquiring this bank. All known notes seem to be of similar quality. The signatures are gone on this example.
Grade: Fine +    Bank Name: Breckenridge, NB, M6335
Lot #52 - National Bank Notes > Minnesota - ($ 6,000.00 - $ 12,000.00)
Fr. 606 $5 1902ND
Brewster, First NB, 10946
This bank was chartered in 1917 and printed just 2,960 sheets of large size notes. The bank has never been publicly offered before now. This is the finest of the three large notes reported and it has a lightly stamped signature of Adam Banchle, President and a clear cashier's signature that appears to be A.J. Kory. A very rare, well centered note with excellent color.
Grade: VF +    Bank Name: Brewster, First NB, 10946
Lot #53 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 1800-2 $5 1929T2
Brewster, First NB, 10946
This note is one of nine small notes reported and it's also one of two $5 Type 2s known. This is only the third time a small size note has been offered on this bank.
Grade: Fine    Bank Name: Brewster, First NB, 10946
Lot #54 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 2,500.00)
Fr. 624 $10 1902ND
Bricelyn, First NB, M6478
This note is a beauty and is the finest known among the eight reported. This bank was in business from 1902 to 1927 and was the only bank in town. Pen signatures of Lars J. Flo, President and E.D. Lund, Cashier. As John Hickman would say, "a real peach".
Grade: XF    Bank Name: Bricelyn, First NB, M6478
Lot #55 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 616 $10 1902DB
Browerville, First NB, M7227
A rare large size note from this bank that was chartered in 1904 and was the only bank in town. It has just three large notes reported and none have been publicly offered in the last 60 years. Even circulation and great signatures penned in black by J.D. Jones, Vice President and Harry Lee, Cashier in purple. Few will ever get a chance to own this bank in large size.
Grade: Fine +    Bank Name: Browerville, First NB, M7227
Lot #56 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 7,000.00)
Fr. 650 $20 1902ND
Browns Valley, First NB, 7341
This bank issued only large size between 1904 and 1926, with just 2,044 sheets thus making it a very difficult location to acquire. This example is a beauty and is the second finest of the four notes known. The signature of H.P. Krautkremer, Cashier is signed while stamped for D.L. Quinlan, President. This great title and quality is sure to please.
Grade: VF +    Bank Name: Browns Valley, First NB, 7341
Lot #57 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 658 $20 1902ND
Buffalo, First NB, 11023
This small community has two national banks. This bank was chartered in 1917 and closed in 1925 after issuing just 2,248 sheets of notes. This is one of just three notes known to have survived. It's evenly circulated and has excellent pen signatures of Harry S.J. Miller, President and B.A. Bonston, Cashier. A rare town that has only been offered once publicly in 60 years. The other bank in town issued only small size notes.
Grade: Fine    Bank Name: Buffalo, First NB, 11023
Lot #58 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 1801-2 $10 1929T2
Buffalo, NB, 12959
This bank, chartered in 1926, was the town's second national bank but it issued no large size. This example is evenly circulated with slight roughness on the top. Always a popular name! There are 115 notes reported on the bank.
Grade: F/VF    Bank Name: Buffalo, NB, 12959
Lot #59 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 2,500.00)
Fr. 598 $5 1902ND
Caledonia, First NB, 7508
As were most banks in the state, this was a one-bank town with the bank being chartered in 1904. There are only six large notes reported and three public offerings in more than half a century. A pleasing circ note with good signatures.
Grade: VF +    Bank Name: Caledonia, First NB, 7508
Lot #60 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 624 $10 1902ND
Cambridge, First NB, M7428
This note is dirtier than most in the Melamed Collection but it has great pen signatures of Hans Engberg, President and A.E. Engberg, Cashier. Even the best of the group appears to be VF. This bank was chartered in 1904 and closed in 1933.
Grade: Fine    Bank Name: Cambridge, First NB, M7428
Lot #61 - National Bank Notes > Minnesota - ($ 12,500.00 - $ 25,000.00)
Fr. 613 $10 1902RS
Campbell, First NB, M6259
This note was unique when this example was discovered in 2001 after turning up at a flea market in the South. When sold it realized $21,540 after an intense bidding war. Eight years later a significantly lower grade Red Seal was discovered, bringing the number known to three. This is the finest example known by far of this highly regarded bank. It was the town's only national bank and was in business from 1902 to 1929. Signed by J.W. Gray, Vice President and D.C. Smutz, Cashier.
Grade: VF +    Bank Name: Campbell, First NB, M6259
Lot #62 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 616 $10 1902DB
Canby, First NB, M6366
The first of two banks in town, this one was chartered in 1902 and closed in 1929, but did issue small size. This is a peachy, well-centered note with excellent paper quality. Excellent signatures of B. Nelson, President and J. Evanston, Cashier. This is the finest quality note on the bank.
Grade: XF/AU    Bank Name: Canby, First NB, M6366
Lot #63 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 624 $10 1902ND
Canby, National Citizens Bank, 7427
A sharp, evenly circulated note from the town's second national bank which was chartered in the fall of 1904 and lasted through the issuing period. The note is one of nine large notes reported on the bank and among the best available. The pen signatures are there but undecipherable.
Grade: Fine    Bank Name: Canby, National Citizens Bank, 7427
Lot #64 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 15,000.00)
Fr. 624 $10 1902ND
Cannon Falls, Farmers & Merchants NB, M6704
Oh my gosh, this note is such an amazing peach! It's bright and fresh with light folds and blue pen signatures of J.W. Sleyan, Vice President and F.E. Holmes, Cashier. A super town name as well. Definitely the finest of the three known notes from this bank that was in business from 1903 to 1925. This bank has never been publicly offered in large size until now.
Grade: XF    Bank Name: Cannon Falls, Farmers & Merchants NB, M6704
Lot #65 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 1802-2 $20 1929T2
Cannon Falls, First NB, 13713
This bank was chartered in 1933 and issued only small size notes. There are 155 notes reported but only a few are similar in quality to this beauty. Great names are always good property.
Grade: XF    Bank Name: Cannon Falls, First NB, 13713
Lot #66 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 15,000.00)
Fr. 624 $10 1902ND
Carlton, First NB, M6973
This is a one-bank town with the bank being chartered in 1903 and they issued through the issuing period, ending in 1935. There is only a single serial #1 in the census but this one is different. There were only 2,382 sheets of large notes printed. This note has a good look with beautiful pen signatures of J.F. Hynes, President and H.R. Larson, Assistant Cashier. There have been four small size notes offered, but no large size.
Grade: Fine +    Bank Name: Carlton, First NB, M6973
Lot #67 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 1801-1 $10 1929T1
Carlton, First NB, 6973
This small size note must have been saved after the large note was acquired. It's evenly circulated and one of twelve small notes reported.
Grade: VF    Bank Name: Carlton, First NB, 6973
Lot #68 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 616 $10 1902DB
Cass Lake, First NB, M6352
A well used example from this one-bank town. The bank is still in business but the title changed in 2006 to Western National Bank of Cass Lake. There has only been a single appearance of a note from this bank and it was 20 years ago. There are only five serial numbers recorded for this bank that opened in 1902. Weak and barely visible signatures of J. Neils, President and H.N. Harding, Cashier.
Grade: Fine    Bank Name: Cass Lake, First NB, M6352
Lot #69 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 555 $20 1882DB
Ceylon, First NB, M6029
This bank was chartered in 1901, just in time to issue 1882 Datebacks, which this is. There are nine large notes reported and this will be only the fourth public offering. It's a nice looking note, better than most of the nine reported. Signatures are there but not decipherable.
Grade: VF +    Bank Name: Ceylon, First NB, M6029
Lot #70 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 652 $20 1902ND
Chaska, First NB, 8378
A spectacular looking note from a one-bank town that has 13 large notes reported. All but one are of a lower grade than this peach. I think this is one of the most attractive notes in the collection. Great pen signatures of C.H. Klein, President and Chas. Degen, Cashier.
Grade: VF/XF    Bank Name: Chaska, First NB, 8378
Lot #71 - National Bank Notes > Minnesota - ($ 300.00 - $ 600.00)
Fr. 1802-1 $20 1929T1
Chatfield, First NB, 6608
This bank, the only one in town, was chartered in 1903. This lovely example is one of 28 small notes reported, and it's apparently one of the best in the census as no UNCs are listed.
Grade: VF +    Bank Name: Chatfield, First NB, 6608
Lot #72 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 7,000.00)
Fr. 613 $10 1902RS
Chisholm, First NB, M7647
A true peach from this one-bank town in St. Louis County. Chartered in 1905 and issued notes until the end of the National Bank Note issuing period in 1935. There are 25 large notes reported but it is doubtful that any will be lovelier than this delightful Red Seal that has exquisite color and page. It's is also signed by A.M. Chisholm, President and G.L. Train, Cashier.
Grade: PCGS Ch. Abt. New 58 PPQ    Bank Name: Chisholm, First NB, M7647
Lot #73 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 15,000.00)
Fr. 632 $10 1902ND
Clearbrook, First NB, M11392
This is an exceptionally rare bank and of course it was the community's only national bank. It was only in existence from 1916 to 1926 and printed just 2,088 sheets of notes. This is the third serial number reported and it's a nice looking note that has a clearly penned signature of the cashier but the president's is missing. There has never been another note publicly offered from this town.
Grade: F/VF    Bank Name: Clearbrook, First NB, M11392
Lot #74 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 5,000.00)
Fr. 581 $20 1882VB
Cloquet, First NB, M5405
Because this bank was chartered in 1900 it started with Brownbacks and continued with Datebacks and Valuebacks before issuing the 1902 Series, or even later, small size notes. This is one of two $20 Valuebacks in existence and it appears to be the finest known on the bank. It's an impressive, well-centered, pen signed note by Vice President, C.L. Dixon and a cashier's signature we can't even guess at.
Grade: XF +    Bank Name: Cloquet, First NB, M5405
Lot #75 - National Bank Notes > Minnesota - ($ 350.00 - $ 700.00)
Fr. 633 $10 1902ND
Cloquet, First NB, 5405
A second note that was saved from this bank because it was so pretty, but it has a stain near the excellent pen signatures of C.L. Dixon, Vice President and A. Campbell, Assistant Cashier. One of eight $10s reported.
Grade: XF    Bank Name: Cloquet, First NB, 5405
Lot #76 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 609 $5 1902ND #1
Cokato, First NB, 12395
A scarce, one-bank town with a bank that was chartered in 1923, and it's still in business. Only 1,882 sheets of notes were printed in large size and all were $5s. There are only five large note recorded and three, including this note, have had appearances. This nice looking serial #1 was offered by Kagin's in 1977. The note is pen signed by Gustat Moody, President and the cashier's I can't decipher. It's quite clear and could possibly be J.C. Harry(?). I'll bet someone tells me.
Grade: VF +    Bank Name: Cokato, First NB, 12395
Lot #77 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 617 $10 1902DB
Cold Spring, First NB, M8051
This rare bank was the only bank in town and was chartered in 1906. I believe family members of the signers are still involved with this bank. This is the first large size I have handled and it's a lovely note with blue pen signatures of Anton Muggli, President and Fred Stern, Cashier. This will be only the third offering of a large note in 60 years. Minnesota has so many great names.
Grade: VF/XF    Bank Name: Cold Spring, First NB, M8051
Lot #78 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 5,000.00)
Fr. 589 $5 1902RS
Coleraine, First NB, M8322
A scarce, one-bank town who's bank was chartered in 1906, with Red Seals being the first to be printed. This note is fresh and pretty with excellent pen signatures. There are seven large notes reported, with three being Red Seals. This is the first one to have a public appearance.
Grade: VF/XF    Bank Name: Coleraine, First NB, M8322
Lot #79 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 624 $10 1902ND
Cottonwood, First NB, M6584
This scarce bank, the only one in town, was chartered in 1903 and liquidated in 1930. The only two notes that have been publicly offered have been large size. This note, with excellent pen signatures of J.H. Catlin, President and R.J. Gibb, Assistant Cashier, is most likely the finest known.
Grade: VF +    Bank Name: Cottonwood, First NB, M6584
Lot #80 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 574 $5 1882VB
Crookston, First NB, M2567
This is the earlier of the town's two national banks. It was chartered in 1881 so it issued Valuebacks, which are a seldom offered design. The purple stamped signatures of H.L. Marsh, President and S.A. Erickson, Cashier are clear. The grade of this note is in the middle of the pack as there are only a couple of high grade Blue Seals recorded.
Grade: Fine +    Bank Name: Crookston, First NB, M2567
Lot #81 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 634 $10 1902ND
Crookston, First NB, 2567
A second example from this early bank and it's an attractive Blue Seal. One of 13 notes reported for the type. The stamped signatures are rather light.
Grade: VF +    Bank Name: Crookston, First NB, 2567
Lot #82 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 494 $20 1882BB
Crookston, Merchants NB, 3262
This was the town's second national bank. It was chartered in 1884 and placed into receivership in 1924, naturally issuing only large size notes. There are 10 notes reported, but only two Brownbacks, this note and a $5 in a lower grade. This example has nice centering and excellent color in addition to the pen signatures of John Cromb, President and A.D. Stevens, Cashier.
Grade: VF    Bank Name: Crookston, Merchants NB, 3262
Lot #83 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 627 $10 1902ND
Crosby, First NB, 9838
A scarce one-bank town with the bank being chartered in 1910 issuing through 1935. This is a lovely circ note with good color and softly stamped signatures of I. Hazlett, President and A.C. McAully (possibly), Cashier. There are six large notes reported but one has been on eBay twice. This note is likely the best of the group.
Grade: VF +    Bank Name: Crosby, First NB, 9838
Lot #84 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 624 $10 1902ND
Dawson, First NB, M6321
A beautiful Blue Seal from this two-bank town. This bank was chartered in 1902 and placed into receivership in 1931. There are 10 large notes reported, and based on grades none will be prettier than this pen-signed note with the signatures of Chas. O. Hill, President and Peter Bergh, Cashier. The later bank issued only small size.
Grade: VF +    Bank Name: Dawson, First NB, M6321
Lot #85 - National Bank Notes > Minnesota - ($ 350.00 - $ 700.00)
Fr. 1801-1 $10 1929T1
Dawson, Northwestern MB, 13564
This bank opened shortly after the First National Bank closed. There are nine small notes reported with only two appearances.
Grade: Fine    Bank Name: Dawson, Northwestern MB, 13564
Lot #86 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 15,000.00)
Fr. 624 $10 1902ND
Deer Creek, First NB, 7268
This is a great name for a town and it's on a lovely, high-grade note. Stamped purple signatures of A.P. Johnson, President and the cashier's signature is a bit faded. This bank was in business from 1904 to 1929. There are three large notes reported but no public appearances.
Grade: VF +    Bank Name: Deer Creek, First NB, 7268
Lot #87 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 1800-1 $5 1929T1
Deer Creek, First NB, 13303
This bank changed the old name from "of" to "in" within the title. Nine small notes have been recorded but only one has ever been publicly offered in 60 years. There is a bit of dirt on the back of this example.
Grade: VF +    Bank Name: Deer Creek, First NB, 13303
Lot #88 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 5,000.00)
Fr. 626 $10 1902ND
Deer River, First NB, M9131
A rare bank, the only one in town, that was in business from 1908 on. There are four large notes reported. Only one has been publicly offered and that VG realized $2,875 for a lower grade. The note has excellent red signatures of F.P. Sheldon, President and M.E. Tellin, Cashier.
Grade: Fine    Bank Name: Deer River, Frist NB, M9131
Lot #89 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 2,500.00)
Fr. 627 $10 1902ND
Deerwood, First NB, 9703
This one-bank town bank was chartered in 1910 and it issued notes through small size. There are nine large notes reported and just six offerings in 60 years. This is a well-stamped beauty with excellent signatures of I. Hazlett, President and F.W. Schwanke, Cashier in purple.
Grade: VF/XF    Bank Name: Deerwood, First NB, 9703
Lot #90 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 627 $10 1902ND
Delano, First NB, M9903
This one-bank town had a national bank for only 15 years, from 1910 to 1925, and it issued 1,457 sheets. Somehow five notes have survived. There has only been a single appearance of an AG some 15 years ago. This note is a pleasing Fine + with great pen signatures of Adam Horsch, Vice President and C.J. Lohmiller, Cashier. The centering and color are pleasing as well. It's really surprising that five notes survived with these stats.
Grade: Fine +    Bank Name: Delano, First NB, M9903
Lot #91 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 617 $10 1902DB
Detroit, First NB, M3426
This was the earliest of the three banks with similar names. This bank was chartered in 1885 and placed into receivership in 1926. There are nine notes recorded from this bank and three different notes have been offered five times in 60 years, but all since 2000. The Melamed note is a pleasing Blue Seal with excellent pen signatures of S.V. Weiser, President and L.F. Bullis, Cashier.
Grade: Fine +    Bank Name: Detroit, First NB, M3426
Lot #92 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 651 $20 1902ND
Detroit, Merchants NB, 8122
A great looking note with the town's second national bank title. It was chartered in 1906 and closed in 1925. There are 10 notes reported with just three publicly offered. Excellent stamped signatures of J.J. Wade, President and Wm. Espersals, Cashier. Definitely a pleasing note even though the bottom has no extra margin. This could easily be the finest out there.
Grade: VF +    Bank Name: Detroit, Merchants NB, 8122
Lot #93 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 1802-2 $20 1929T2
Detroit Lakes, Becker County NB, 13075
This bank was chartered in 1927 and I'm surprised that no better example exists. This note has tape holding the left piece on. There are 28 small notes reported.
Grade: F/VF    Bank Name: Detroit Lakes, Becker County NB, 13075
Lot #94 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 642 $20 1902DB
Dodge Center, Farmers NB, M6623
This town was the home to two national banks that were chartered less than a month apart. There have been just two public offerings, the last by me in 2006 where a VF realized $6,900. This example has great pen signatures of M.D. Williams, President and H.R. Whitney, Cashier. This bank was chartered on February 4, 1903 and closed on December 9, 1924.
Grade: Ch. AU    Bank Name: Dodge Center, Farmers NB, M6623
Lot #95 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 6,000.00)
Fr. 642 $20 1902DB
Dodge Center, First NB, M6682
This note has a date 19 days after the other bank. It opened on February 23, 1903 and was liquidated on March 24, 1923, possibly reflecting the expiration of the charter. Only two notes have been publicly offered, the last being a VF that brought $3,737 in 2008. The note is evenly circulated with a small spot on back. Clear signatures of J.W. Cooper, President and C.M. Cooper, Cashier. There are seven notes reported on the bank.
Grade: F/VF    Bank Name: Dodge Center, First NB, M6682
Lot #96 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 498 $20 1882BB
Duluth, First NB, 3626
A sharp example of the early days of this bank, chartered in 1887, and this is the third title taken in 1889. There are 56 large notes reported with four being $20 Brownbacks. This is a great looking note with good signatures and big margins. This collection doesn't have many nice Brownbacks.
Grade: VF +    Bank Name: Duluth, First NB, 3626
Lot #97 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 15,000.00)
Fr. 484 $10 1882BB
Duluth, Marine NB, 4421
No one will be surprised that this note is unique. The bank was chartered in 1890 and closed six years later after issuing 2,109 sheets of $10-10-10-20 Brownbacks. In 1917 there showed only $750 outstanding. It has clear pen signatures, and although the note is Fine it's well-used but problem-free. Duluth had 13 national banks, three are unknown and two have a single note known.
Grade: Fine    Bank Name: Duluth, Marine NB, 4421
Lot #98 - National Bank Notes > Minnesota - ($ 250.00 - $ 500.00)
Fr. 624 $10 1902ND
Duluth, City NB, M6520
This bank was chartered in 1902 and has 67 large notes reported. This example has printed signatures of R.M. Sellwood, President and H.S. Macgregor, Cashier.
Grade: VF    Bank Name: Duluth, City NB, M6520
Lot #99 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 652 $20 1902ND
Duluth, Northern NB, 9327
An evenly circulated note with stamped signatures from this bank that was chartered in 1909 and was still issuing through 1935. Records show 44 large notes reported.
Grade: Fine +    Bank Name: Duluth, Norhtern NB, 9327
Lot #100 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 1803-1 $50 1929T1
Duluth, Northern NB, 9327
A lovely, high grade small size note, one of just over 100 recorded. This is a nice, high-grade $50.
Grade: Ch. AU    Bank Name: Duluth, Northern NB, 9327
Lot #101 - National Bank Notes > Minnesota - ($ 350.00 - $ 700.00)
Fr. 626 $10 1902ND
Duluth, American Exchange NB, 9374
This bank was in business from 1909 to 1929 and has 57 large notes reported. This note is in excellent condition and has clearly printed signatures of Isaac S. Moore, President and W. Gordon Hegardt, Cashier.
Grade: VF/EF    Bank Name: Duluth, American Exchange NB, 9374
Lot #102 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 1801-1 $10 1929T1
Duluth, Minnesota NB, 11810
This bank was chartered in 1920 and I believe the name is still in use. It's a beauty and is one of 133 small notes reported.
Grade: Ch. AU    Bank Name: Duluth, Minnesota NB, 11810
Lot #103 - National Bank Notes > Minnesota - ($ 300.00 - $ 600.00)
Fr. 635 $10 1902ND
Duluth, NB, M12140
A late chartered Blue Seal from a bank that was chartered in 1922, with only 13 large notes reported. Rubber stamped signatures of J.J. Elzund, President and F.H. Barnesby, Cashier.
Grade: VF +    Bank Name: Duluth, NB, M12140
Lot #104 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 609 $5 1902ND
Duluth, Pioneer NB, 13078
A sharp note from this late chartered bank (5/19/1927). It's one of only eight serial numbers known to have survived. This note has purple rubber-stamped signatures that are not strong.
Grade: VF +    Bank Name: Duluth, Pioneer NB, 13078
Lot #105 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 635 $10 1902ND
Duluth, Western NB, 13116
A tough, late chartered bank, the last of 13 various institutions over 75 years. This bank was chartered in August 1927 and has five large notes reported. Probably cut by those crazy machines because it's off a bit. Printed signatures of Alfred Hoel, President and D.C. Wakeman, Cashier.
Grade: VF/XF    Bank Name: Duluth, Western NB, 13116
Lot #106 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 624 $10 1902ND
Dunnell, First NB, M6738
A rare one-bank town from south-central Minnesota that has only five large notes reported. This is a nice looking, evenly circulated example with great pen signatures of H.C. Stadl, Vice President and Clarence Wenberg, Assistant Cashier. Just 3,400 sheets were printed after opening in 1903.
Grade: F/VF    Bank Name: Dunnell, First NB, M6738
Lot #107 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 3,500.00)
Fr. 616 $10 1902DB
Eagle Bend, First NB, M6266
This is a very popular town name from Todd County. The bank was in business from 1902 to 1935. Only one large size has been publicly offered, in 2005, briging $3,910 and it was similar grade. Excellent stamped signature of the president while the cashier's was penned. This should be equal to the best of the Blue Seals.
Grade: VF    Bank Name: Eagle Bend, First NB, M6266
Lot #108 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 628 $10 1902ND
East Grand Forks, First NB, M4638
This one-bank town bank issued only large size from 1891 to 1927 and there are 11 notes reported. This one has great body and paper quality as well as a clearly penned signature of J.R. Johnson, President and a lightly stamped signature of the cashier that is barely visible.
Grade: VF +    Bank Name: East Grand Forks, First NB, M4638
Lot #109 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 6,000.00)
Fr. 472 $5 1882BB
Elbow Lake, First NB, 4617
This beauty came through me in 1998 when it realized $4,070. It certainly represents one of the finest notes on this bank with its excellent tombstone and pen signatures of W.K. Barnes, President and C.W. Russell, Cashier. This bank started in 1891 and lasted through the National Bank Note era.
Grade: XF/AU    Bank Name: Elbow Lake, First NB, 4617
Lot #110 - National Bank Notes > Minnesota - ($ 800.00 - $ 1,200.00)
Fr. 626 $10 1902ND
Elk River, First NB, 8757
An evenly circulated note, from this one-bank town bank. One of 12 notes reported and there have been two public offerings. The bank started banking in 1907 as a national bank. A neat name that is popular. The signatures have faded.
Grade: F/VF    Bank Name: Elk River, First NB, 8757
Lot #111 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 6,000.00)
Fr. 633 $10 1902ND
Ellsworth, First NB, M5570
This bank only issued large size and was in business from 1900 to 1926. There are only five notes recorded and none have ever appeared in auction or publicly in 60 years. It's rare when a note doesn't have any history for note sales. Equal to the finest known with stamped signatures of H.J. Meister, Vice President and W.H. Roulk, Cashier. Lot includes a check on Citizen's Bank in Ellsworth, dated October 1896. Two piece lot.
Grade: Fine +    Bank Name: Ellsworth, First NB, M5570
Lot #112 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 607 $5 1902ND
Elmore, First NB, 5377
A southern Minnesota one-bank town. The bank was chartered in 1900 and issued notes through 1935. There are 14 large notes reported and only one appears quite a bit higher grade. The note has excellent signatures of S.H. Taylor, President and S.J. Katzermeyer, Assistant Cashier. The president's signature is purple stamped and the cashier's is penned.
Grade: VF +    Bank Name: Elmore, First NB, 5377
Lot #113 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 652 $20 1902ND
Ely, First NB, M8592
A scarce and desirable northern Minnesota bank that was chartered in 1907 and has just six large notes reported in the census. This is an iron range town that has only had one large note publicly offered versus six small notes recorded. There are very few of these three-letter town names. Excellent pen signatures of Geo. T. Ayers, Vice President and L.J. White, Cashier.
Grade: VF    Bank Name: Ely, First NB, M8592
Lot #114 - National Bank Notes > Minnesota - ($ 700.00 - $ 1,000.00)
Fr. 598 $5 1902ND
Emmons, First NB, M6784
This bank was chartered in 1903 at the beginning of the Third Charter period. There has only been one large note offered from the seven known. The excellent pen signatures enhance the desirability of this mid-grade $5. Signed by N.H. Rasmusson, President. The cashier's is there but not legible.
Grade: F/VF    Bank Name: Emmons, First NB, M6784
Lot #115 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 606 $5 1902ND
Erskine, First NB, 11173
It was just 11 years, from 1918 to 1929, that this bank was in business and only five large notes are reported (no small size issued). The note has excellent pen signatures of I.I. Stenerson, Cashier while the president's is there but not legible. There has only been a single offering on this bank.
Grade: VF    Bank Name: Erskine, First NB, 11173
Lot #116 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 633 $10 1902ND
Eveleth, First NB, 5553
This was one of two national banks in town. It was chartered in 1900 and issued notes through 1935. There are eight large notes recorded, two of which have been publicly offered. This note has excellent signatures of Geo. Whitman, President and a clear, tough to figure out cashier's. Great looking but lightly pressed.
Grade: VF +    Bank Name: Eveleth, First NB, 5553
Lot #117 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 616 $10 1902DB
Eveleth, Miners NB, M6991
A great tradesmen's title from the mining region in northern Minnesota. This bank was chartered in 1903 and issued small size notes as well. There are five large notes reported. Excellent but unknown signatures of the officers. An excellent opportunity for the grade.
Grade: VF    Bank Name: Eveleth, Miners NB, M6991
Lot #118 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 5,000.00)
Fr. 555 $20 1882DB
Eyota, First NB, M5374
I doubt there is another town that shares this name! The bank was short-lived, from 1900 to 1916. There are just four notes reported but none have ever been available to the public. This note shows circulation but the pen signatures of F.H. Russell, President and B.L. Johnson, Cashier are excellent.
Grade: Fine +    Bank Name: Eyota, First NB, M5374
Lot #119 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 653 $20 1902ND
Fairfax, First NB, M9771
A small bank and the only one in town, yet six large notes have survived. This note has good color but the signatures appear enhanced. They are readable and H.O. Fullerton signed as Cashier. This may well be the best known.
Grade: VF +    Bank Name: Fairfax, First NB, M9771
Lot #120 - National Bank Notes > Minnesota - ($ 150.00 - $ 300.00)
Fr. 1802-2 $20 1929T2
Fairmont, First NB, 4936
This bank was chartered in 1894 and there are eight large notes reported, but none found here. I guess the quality wasn't available. There are 31 small notes reported.
Grade: VF +    Bank Name: Fairmont, First NB, 4936
Lot #121 - National Bank Notes > Minnesota - ($ 300.00 - $ 600.00)
Fr. 633 $10 1902ND
Fairmont, Martin County NB, 5423
This bank was chartered in 1900 and it has 26 large notes reported. This example is still one of the finest known. Wispy, purple-stamped signatures that are readable, just hard to figure out. Good margins and overall quality.
Grade: VF/XF    Bank Name: Fairmont, Martin County NB, 5423
Lot #122 - National Bank Notes > Minnesota - ($ 800.00 - $ 1,200.00)
Fr. 600 $5 1902ND
Fairmont, NB, 8551
This was the town's third and last national bank, chartered in 1907. The other two banks issued through the small size period. There are eight large notes reported and this one is near the top for quality. It has purple stamped signatures of A.R. Fanchert, President while the cashier's is not readable.
Grade: VF +    Bank Name: Fairmont, NB, 8551
Lot #123 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 497 $20 1882BB
Faribault, First NB, M1686
This is the earliest of the town's three national banks. Chartered in 1868 it issued First Charters and Brownbacks with four and seven each reported. This note is somewhat faded but has bold signatures of S.B. Clement, President and C.G. Whitney, Cashier.
Grade: Fine    Bank Name: Faribault, First NB, M1686
Lot #124 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 5,000.00)
Fr. 402 $5 1875
Faribault, Citizens NB, 1863
An early Minnesota bank that issued First Charters and all the way through small size, some 65 years later. The breakdown is nearly 50/50, First Charters to everything else. This note is a beauty and one of the best on the bank. The quality is outstanding in every way. This beauty came through Glen Jorde. It has wonderful pen signatures of Hudson Wilson, President and L.S. Morse, Cashier.
Grade: VF +    Bank Name: Faribault, Citizens NB, 1863
Lot #125 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 659 $20 1902ND
Faribault, Security NB, 11668
Here is a high grade Blue Seal from this bank that was chartered in 1920. There are 13 large notes reported with this title but only three have been publicly offered, which makes it tough to acquire. Especially lovely with great stamped signatures of L. Peavey, President and Geo. E. Kaul, Cashier.
Grade: VF/XF    Bank Name: Faribault, Security NB, 11668
Lot #126 - National Bank Notes > Minnesota - ($ 150.00 - $ 300.00)
Fr. 1800-1 $5 1929T1
Farmington, First NB, 11687
This one-bank town bank was chartered in 1920 but waited until small size to close in 1927. A hoard was discovered so there are about 70 small notes recorded.
Grade: VF    Bank Name: Farmington, First NB, 11687
Lot #127 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 628 $10 1902ND
Fergus Falls, First NB, M2030
An early location that was chartered in 1872. There are 17 large notes reported but only a couple are early species. This note is evenly circulated with faded signatures.
Grade: F/VF    Bank Name: Fergus Falls, First NB, M2030
Lot #128 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 577 $10 1882VB
Fergus Falls, NB, M2648
A lovely 1882 Valueback from this location which was chartered in 1882, beginning with Brownbacks. This is a very pretty example of this scarce type, even though the purple stamped signatures are very weak. There are 22 large notes recorded with this, the first title.
Grade: VF/XF    Bank Name: Fergus Falls, NB, M2648
Lot #129 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 625 $10 1902ND
Foley, First NB, M7933
A very attractive Blue Seal from this one-bank town that has only six large notes reported, and only one has ever been publicly offered. Excellent purple signatures of the cashier but that of the boss is a bit weak.
Grade: VF/XF    Bank Name: Foley, First NB, M7933
Lot #130 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 659 $20 1902ND
Forest Lake, First NB, 11652
This tough note is from a bank that was chartered in 1920 and its only public offering was in 2003 when a VF realized $5,750. No other large or small size have been offered of the four large and three small size known. This note appears to have purple rubberstamped signatures of family members.
Grade: VF    Bank Name: Forest Lake, First NB, 11652
Lot #131 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 598 $5 1902ND
Fosston, First NB, M6889
An attractive Blue Seal from this one-bank town that had a national bank for 30 years, 1903 to 1933. There are 13 large notes reported but most of the notes are not quite as nice as this one. A stamped signature of Lewis Lohn, Cashier and a penned signature of L. Hancock, President.
Grade: VF/XF    Bank Name: Fosston, First NB, M6889
Lot #132 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 624 $10 1902ND
Frazee, First NB, M7024
A scarce one-bank town that had this bank for 29 years, before receivership in 1932. This note is evenly circulated with vivid purple stamped signatures. When offered by us in 2002 it realized $2,588 for a VF.
Grade: Fine    Bank Name: Frazee, First NB, M7024
Lot #133 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 555 $20 1882DB
Fulda, First NB, M6054
This note was the subject of much conversation between Mort Melamed and fellow dealer/collector Dick Rudolph, but Mort was able to acquire it shortly before he passed in 1987. This bank was chartered in 1901 and closed in 1926. There has never been an example offered publicly until now and this appears to be the best of the four notes reported. Unfortunately the signatures have faded to barely more than a memory.
Grade: VF +    Bank Name: Fulda, First NB, M6054
Lot #134 - National Bank Notes > Minnesota - ($ 700.00 - $ 1,000.00)
Fr. 626 $10 1902ND
Gilbert, First NB, M9262
This was the home of one of Minnesota's other serious National Bank Note collectors whose collection was sold in 1998. The only bank has 13 large notes reported. This example is evenly circulated with a small note on back that says "from Frank". The penned cashier's signature is clear but the president's has faded. Only three different large notes have been publicly offered.
Grade: Fine    Bank Name: Gilbert, First NB, M9262
Lot #135 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 6,000.00)
Fr. 405 $5 1875
Glencoe, First NB, 2571
This bank was chartered in 1881 and was the town's only national bank, lasting throughout this issuing period. There are nine large notes reported but only one public offering. It has excellent pen signatures and is generally problem free.
Grade: Fine    Bank Name: Glencoe, First NB, 2571
Lot #136 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 616 $10 1902DB
Glenwood, First NB, M7742
It's been 12 years since the only offering of this rare one-bank town had a national bank offered. There are only three surviving notes from its 1905 to 1926 existence and less than 9,000 sheets printed in total. It has exceptional pen signatures of C.L. Sprague, President and W.F. Dougherty, Cashier. The overall appearance of a 'peach' of a bank note.
Grade: VF/XF    Bank Name: Glenwood, First NB, M7742
Lot #137 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 606 $5 1902ND
Gonvick, First NB, M10830
A very rare town that had just one national bank that was in business from 1923 to 1926, with just three notes surviving. The only note offered, a VG that brought $7,187, we sold in June 2008. This note is evenly circulated with excellent pen signatures of M.J. Kolb, President and Frank A. Norquist, Cashier. It could be a very long time before another appears.
Grade: Fine    Bank Name: Gonvick, First NB, M10830
Lot #138 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 606 $5 1902ND
Good Thunder, First NB, M11552
A great town name that has always had collectors wanting a note. Only one of six notes known has been publicly offered and 10 years ago it realized $4,840 in our sale in Memphis. This note has excellent black stamped signatures of R.L. Houk, President and H.C. Mielke, Cashier. One of six notes reported from this bank that opened in 1919.
Grade: VF    Bank Name: Good Thunder, First NB, M11552
Lot #139 - National Bank Notes > Minnesota - ($ 600.00 - $ 900.00)
Fr. 624 $10 1902ND
Goodhue, First NB, M7603
A wonderful, high-grade note from this bank that was in existence from 1904 to 1933 but it issued no small size notes. There are 15 notes reported and most are pretty like this one, but only one-third appeared publicly. Great looking with pen signatures of Chas. F. Sanyer, President and J.A. Cavanaugh, Cashier.
Grade: VF +    Bank Name: Goodhue, First NB, M7603
Lot #140 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 624 $10 1902ND
Graceville, First NB, M7213
A lovely Blue Seal from this one-bank town. The bank was chartered in 1904 and it issued notes through 1935. This note has excellent color and body with bold purple stamped signatures of family members R.J. McRae, President and J.A. McRae, Cashier. Only three large notes have been publicly offered.
Grade: VF/XF    Bank Name: Graceville, First NB, M7213
Lot #141 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 624 $10 1902ND
Grand Meadow, M6933
A really desirable note from southern Minnesota. There is only one small note and three large notes reported, with none having been publicly offered. Exceptional pen signatures of G.F. Torgrimson, President and F.T. Elliott, Jr., Cashier. This note has excellent paper quality as well. I expect some serious interest in this rare town.
Grade: VF +    Bank Name: Grand Meadow, M6933
Lot #142 - National Bank Notes > Minnesota - ($ 600.00 - $ 900.00)
Fr. 624 $10 1902ND
Grand Rapids, First NB, 6563
A decent looking, evenly circulated note from this one-bank town. This is only the third public offering with nine large notes reported. The printed signature of F. Sheldon, President is clear but the cashier's is too tough for me to read.
Grade: VF    Bank Name: Grand Rapids, First NB, 6563
Lot #143 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 618 $10 1902DB
Granite Falls, First NB, M8416
A great town name and very good looking note with amazing pen signatures of A.E. Batchelder, Vice President and O.H. Sorlien, Cashier to enhance the desirability. Just over 3,800 sheets were printed but only four notes are recorded, with no public offerings of any sort. Personally a favorite for name, condition and rarity. It's a wonderful and rare note.
Grade: VF +    Bank Name: Granite Falls, First NB, M8416
Lot #144 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 10,000.00)
Fr. 626 $10 1902ND
Grey Eagle, First NB, M8729
This was the earlier of two national banks that were chartered in this town, with this bank being formed in 1907. The note is evenly circulated and has a great name to Minnesota National Bank Note collectors. Nice quality and great signatures of W.M. Barker, President and F.C. Barker, Cashier.
Grade: Fine    Bank Name: Grey Eagle, First NB, M8729
Lot #145 - National Bank Notes > Minnesota - ($ 12,500.00 - $ 17,500.00)
Fr. 635 $10 1902ND #1
Grey Eagle, NB, 12607
This is certainly on the short list for great rarities from the Melamed Collection. Richard acquired this note in 1997 for a fraction of its current value. This is the only large size public offering there has been. No other large notes are reported and only 1,331 sheets were printed. A high grade #1...how does it get any better? Lovely, well stamped signatures of Harry ?, Vice President and H.F. Bergman, Cashier. The bank was open from 1924 to 1934 and there are just 12 large notes reported.
Grade: XF +    Bank Name: Grey Eagle, NB, 12607
Lot #146 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 650 $20 1902ND
Hallock, First NB, M6934
A lovely Third Charter note from this short-lived national bank. There are four survivors listed but none have ever been available to the collecting marketplace. This note looks to be tied for finest known but if it's never been available before, where will you find one. It has well stamped signatures of Elmer C. Yetter, President and J.H. Bradish, Cashier.
Grade: VF    Bank Name: Hallock, First NB, M6934
Lot #147 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 1801-1 $10 1929T1
Halstad, First NB, 7196
A lovely, high-grade small size from a bank prohibitively rare in large size. There are 12 small notes reported and this one is a real peach. This is the very first time any example of this town has been available publicly. That's tightly held!
Grade: XF/AU    Bank Name: Halstad, First NB, 7196
Lot #148 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 624 $10 1902ND
Hancock, First NB, M6996
A lovely note that was almost undoubtedly part of the Starbuck hoard as I think that's where most of the 20 large notes recorded appeared. This note has fresh paper quality and gorgeous blue pen signatures of the vice president and cashier.
Grade: VF/XF    Bank Name: Hancock, First NB, M6996
Lot #149 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 616 $10 1902DB
Hancock, NB, M7033
Virtually a perfect mate to the note on the First National Bank and no doubt also from the Starbuck hoard. It's got all the right stuff; great paper quality and lovely pen signatures of the vice president and cashier. The last note offered on this bank was five years ago. There are 19 large notes and 11 small notes recorded.
Grade: VF/XF    Bank Name: Hancock, NB, M7033
Lot #150 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 606 $5 1902ND
Hanska, First NB, 11288
The only bank in town, beginning in 1919 it lasted just eight years. The bank issued only $5 Blue Seals and while there are nine in the census, only two have appeared in auction. The last was sold by us in 2008 and brought $2,875. This note is every bit as lovely and has excellent purple stamped signature of Geo. S. Hage, President. The cashier's signature is indecipherable.
Grade: VF/XF    Bank Name: Hanska, First NB, 11288
Lot #151 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 626 $10 1902ND
Harmony, First NB, 8683
Minnesota seems to be filled with very scarce one-bank towns and this is no exception. There has only been one note publicly offered and that was in 1996. This note has even circulation and is problem free. Excellent pen signatures of Theodore Michel, President and A.G. Johnson, Cashier. The bank was chartered in 1907 and there are just five large notes recorded.
Grade: Fine    Bank Name: Harmony, First NB, 8683
Lot #152 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 480 $10 1882BB
Hastings, First NB, 496
A well used Brownback from the town's earliest national bank that was chartered in 1864. There are just five large notes recorded. This is a well used, evenly circulated note that has excellent pen signatures of Geo. M. Gardner, President and John Heinan, Cashier. It will no doubt find interest.
Grade: VG/Fine    Bank Name: Hastings, First NB, 4996
Lot #153 - National Bank Notes > Minnesota - ($ 10,000.00 - $ 15,000.00)
Fr. 397 $5 Original
Hastings, Merchants NB, 1358
Certainly one of the earliest and rarest notes in the collection since the bank was chartered in 1865 and closed in 1874, with only two notes recorded. This note is problem-free and circulated with great blue pen signatures of Mandyke, President and Utin, Cashier. There has never been any examples publicly offered for sale.
Grade: Fine    Bank Name: Hastings, Merchants NB, 1358
Lot #154 - National Bank Notes > Minnesota - ($ 300.00 - $ 600.00)
Fr. 1801-1 $10 1929T1
Hastings, NB, 11212
This was the town's third and last national bank, chartered in 1918. It didn't issue notes until small size and there are 21 notes recorded. An evenly circulated example.
Grade: Fine +    Bank Name: Hastings, NB, 11212
Lot #155 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 1802-1 $20 1929T1
Hawley, First NB, 7772
This one-bank town has only a single large note recorded and it's not here. This is an evenly circulated small note which is one of nine reported. Only four small notes have ever appeared in auction.
Grade: VF    Bank Name: Hawley, First NB, 7772
Lot #156 - National Bank Notes > Minnesota - ($ 6,000.00 - $ 10,000.00)
Fr. 624 $10 1902ND
Hendricks, First NB, 6468
Never before has a note from this location appeared publicly for sale. This is the better of two known examples on the bank. None of the small size have been available either. The note has decent signatures of C.C. Swenson, President and S. Bogent, Cashier that are somewhat irregular. The overall paper quality is correct for a lower grade VF.
Grade: VF    Bank Name: Hendricks, First NB, 6468
Lot #157 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 626 $10 1902ND
Hendricks, Farmers NB, M9457
This note is from the second of the town's two national banks. It was around from 1909 to 1933 and there are no large size. Just two small size have ever appeared publicly. The note has excellent body and color. The signatures Anton Anderson, President and Hoseas Adinderaker (?), Cashier are clear. A note that is sure to please. Just seven large notes reported.
Grade: VF/XF    Bank Name: Hendricks, Farmers NB, M9457
Lot #158 - National Bank Notes > Minnesota - ($ 400.00 - $ 600.00)
Fr. 1801-1 $10 1929T1
Henning, First NB, 6906
A scarce bank that eluded the Melameds and all they were able to acquire was this evenly circulated small size. The census indicates eight large and 16 small size recorded.
Grade: Fine    Bank Name: Henning, Frist NB, 6906
Lot #159 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 599 $5 1902ND
Herman, First NB, 8049
Purple stamped signatures enhance this lovely note. It's been 23 years since the only other large note from this bank was offered. There are eight large notes recorded and this is the second best known. Signatures of A.D. Larsen, President and Ernest E. Peck, Cashier are on this note from this one-bank town.
Grade: VF +    Bank Name: Herman, First NB, 8049
Lot #160 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 577 $10 1882VB
Heron Lake, First NB, M5383
This bank was chartered in 1900 making it an issuer of Second Charter notes and Valuebacks are the earliest type reported. The census shows just nine large notes recorded. This note is evenly circulated and has good color. Well stamped signatures of J.W. Benson, President and John Gessell, Cashier. A great name for a water collector (lakes, rivers, oceans, ponds). On top of all that it's a tough Valueback.
Grade: VF    Bank Name: Heron Lake, First NB, M5383
Lot #161 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 490 $10 1882BB
Hibbing, First NB, M5745
A great looking example of the earliest type issued by the bank. Signed by A.D. McRae, President and S.R. Kirby, Cashier. There are only 14 large notes reported from this northern Minnesota bank.
Grade: VF    Bank Name: Hibbing, First NB, M5745
Lot #162 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 609 $5 1902ND
Hibbing, NB, 12568
Just four years was all this bank was in business, 1924 to 1928, and just 2,390 sheets were printed. The pen signatures of John Butler, President and A.B. Fuller, Cashier are clear on this high grade note. This note is very close in quality to one other, and there are only five large notes recorded.
Grade: VF +    Bank Name: Hibbing, NB, 12588
Lot #163 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 3,000.00)
Fr. 608 $5 1902ND
Hills, First NB, M6199
A sharp, evenly circulated note from this one-bank town bank that has just four large notes reported and none have ever been publicly offered. This note has only remnants of the stamped signatures and any names would require guessing. This bank, with a good name, was only in business from 1902 to 1925.
Grade: Fine +    Bank Name: Hills, First NB, M6199
Lot #164 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 1802-1 $20 1929T1
Hopkins, First NB, 7958
This bank was chartered as West Minneapolis and took this title in 1929. This evenly circulated example is one of 22 notes reported.
Grade: Fine    Bank Name: Hopkins, First NB, 7958
Lot #165 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 1801-1 $10 1929T1
Hopkins, Security NB, 12518
This bank changed its title from West Minneapolis to Hopkins in 1929. This note is high grade but the paper is somewhat toned. There are 22 small notes reported.
Grade: VF    Bank Name: Hopkins, Security NB, 12518
Lot #166 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 628 $10 1902ND
Hutchinson, Farmers NB, M10147
There was no First National Bank for Hutchinson, it was only the Farmers National Bank. A pleasing VF that is equal to the best notes recorded. The pen signatures of R.W. Todd, Vice President and F.W. Ludtke, Cashier make it even better. Twelve notes recorded on the bank.
Grade: VF +    Bank Name: Hutchinson, Farmers NB, M10147
Lot #167 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 616 $10 1902DB
International Falls, First NB, M7380
If you want your money on ice then this northern Minnesota bank should be the best because it's always in the news for being the coldest spot in America. There are 10 large notes reported and this one is as pretty as you can hope for. Purple stamped signature of F.P. Sheldon, President and pen signed by G.N. Millard, Cashier.
Grade: VF +    Bank Name: International Falls, First NB, M7380
Lot #168 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 12,500.00)
Fr. 613 $10 1902RS
Iona, First NB, M7128
This is a new note that has not been seen before from a one-bank town. It has only had a single public offering of a Blue Seal last year that brought $6,325. It's a bright, attractive Red Seal that is now the fifth note recorded from a bank that only issued large notes from 1904 to 1930. Signed by F.D. Wade, Vice President and C.A. Gullard, Cashier.
Grade: VF/XF    Bank Name: Iona, First NB, M7128
Lot #169 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 629 $10 1902ND
Ironton, First NB, 10382
A pretty note with purple stamped signatures and good color. Records show nine large and twelve small notes recorded from this bank that was in business from 1913 to 1933. Signed by Isaac Hazlett, President and J.J. Meyer, Cashier.
Grade: VF +    Bank Name: Ironton, First NB, 10382
Lot #170 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 631 $10 1902ND
Isanti, First NB, M10554
A magnificent note from this one-bank town. The bank was chartered in 1914 and closed it's doors in 1931. A scant 2,933 sheets issued have led to just four reported notes on this location, with one other similar in quality to this peach. It has excellent pen signatures of C.F. Gillespie, President and C. Albert Wickstrom, Cashier. I can find no other notes with this town name.
Grade: Ch. AU    Bank Name: Isanti, First NB, M10554
Lot #171 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 613 $10 1902RS
Ivanhoe, First NB, M6467
This was the earliest of the town's three national banks. It was chartered in 1902 and closed in 1931. There are two Red Seals reported. The other one is a high grade #1 and this is #131, an amazing pair from a bank that printed only 600 sheets of Red Seals. There are also eight Blue Seals known, mostly lower grades, and only those have been publicly offered. This note is UNC and very well centered. Certainly a prize for a collector desiring a premium Minnesota Red Seal.
Bank Name: Ivanhoe, First NB, M6467
Lot #172 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 633 $10 1902ND
Ivanhoe, Farmers & Merchants NB, 11627
A sharp Blue Seal from the last of the town's three national banks. The bank has eight large notes reported with just three public offerings. Great paper quality and with excellent purple signatures. The bank was only in business from 1920 to 1930.
Grade: VF +    Bank Name: Ivanhoe, Farmers & Merchants NB, 11627
Lot #173 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 555 $20 1882DB
Jackson, First NB, M5852
This bank, chartered in 1901, was the earliest of the town's three national banks. They issued only Second Charters and because they closed in 1929 no small size was printed. This evenly circulated note came from the Biondich Collection in 1998. It has a clearly stamped signature of Geo. R. Moore, President and a penned signature of A.B. Cheadle, Cashier.
Grade: Fine    Bank Name: Jackson, First NB, M5852
Lot #174 - National Bank Notes > Minnesota - ($ 600.00 - $ 900.00)
Fr. 624 $10 1902ND
Jackson, NB, M6992
This was the second of the town's national banks and it issued only large size notes, with only one public offering until now. The note has excellent penned signatures and decent, even circulation. There are seven notes reported and it's been 18 years since one sold.
Grade: Fine +    Bank Name: Jackson, NB, M6992
Lot #175 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 3,500.00)
Fr. 624 $10 1902ND
Jackson, Brown NB, M7797
A tough bank that has never been publicly available, even though there are five large notes reported. Not even one of the small size notes has appeared either. The only sign of a signature is the "V" in front of "President" below the signature line. Evenly circulated and only one of five reported, which is way better than the rest.
Grade: Fine    Bank Name: Jackson, Brown NB, M7797
Lot #176 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 6,500.00)
Fr. 639 $20 1902RS
Jasper, First NB, M6523
A sharp Red Seal from southern Minnesota that is the only one reported. The bank has one Red Seal and seven Blue Seals known. Excellent stamped signature of Edward W. Davies, President and a penned signature of J.H. Taylor, Cashier. Red Seals are not plentiful from Minnesota and this one is a pleasing example.
Grade: F/VF    Bank Name: Jasper, First NB, M6523
Lot #177 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 606 $5 1902ND
Jordan, First NB, 11218
This bank, the only one in town, was chartered in 1918 and issued small size notes as well, but only $5s. This note is a lovely UNC with wispy purple stamped signatures. Although there are 18 large notes reported only three have appeared publicly in 60 years. Great for many collectors including town, first name, men's and women's names, last name, country name, etc.
Grade: PCGS Ch. New 63 PPQ    Bank Name: Jordan, First NB, 11218
Lot #178 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 631 $10 1902ND
Kasson, NB of Dodge County, M10580
This was the town's third national bank, chartered in 1914. There are 13 large notes reported but only two different large notes have ever been publicly available. This note has some restoration on the left but overall it's a decent looking note with stamped signatures. Rarely are the tombstones so inclusive with title information.
Grade: Fine +    Bank Name: Kasson, NB of Dodge County, M10580
Lot #179 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 606 $5 1902ND
Kasson, National Farmer's Bank, M11042
This was the latest bank to be chartered (1917) from Kasson and there are five large notes reported. The bank closed in 1935. There have only been two large notes offered publicly in 60 years. Clearly stamped signatures of W.N. Parkhurst, President and G. Skogsmark, Cashier.
Grade: VG/Fine    Bank Name: Kasson, National Farmer's Bank, M11042
Lot #180 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 632 $10 1902ND
Keewatin, First NB, M10903
A scarce town with this bank being chartered in 1916 and it has just three large notes reported. This example came from the Biondich Collection in 1998 at $3,520. It's Fine with a stamped signature of A.C. Bossard, President and penned by F.V. Wakkinen, Cashier. These scarce banks just rarely appear.
Grade: Fine    Bank Name: Keewatin, First NB, M10903
Lot #181 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 606 $5 1902ND
Kerkhoven, First NB, M11365
This bank has only had two banks publicly offered and there are only six large notes recorded, all being about the same quality. The bank was only in business from 1919 to 1931. President Hays Johnson's signature was stamped while Cashier A.S. Anderson's was penned.
Grade: Fine +    Bank Name: Kerkhoven, First NB, M11365
Lot #182 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 631 $10 1902ND
Kiester, First NB, 10603
This one-bank town has just four large notes reported with this being the finest. The bank was chartered in 1914 and issued through the end of the National Bank Note era. Excellent body and clearly stamped purple signatures of Samuel Beatty, Vice President and R.T. Lalles, Cashier. The only note to appear publicly was a Fine in 2001 that we sold for $3,520.
Grade: VF +    Bank Name: Kiester, First NB, 10603
Lot #183 - National Bank Notes > Minnesota - ($ 300.00 - $ 600.00)
Fr. 1801-2 $10 1929T2
Kiester, First NB, 10603
A sharp $10 Type 2 from this bank that was chartered in 1914. This is one of 24 small notes recorded, and just two are $10 Type 2s. There are also just four large notes recorded.
Grade: VF    Bank Name: Kiester, First NB, 10603
Lot #184 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 627 $10 1902ND
Lake Benton, First NB, M4509
The first of the town's two national banks. It was chartered in 1890 and liquidated in 1933 without issuing any small size notes. There have been three public offerings in 60 years of the nine notes reported. This note faces up like a lower grade VF but the back shows some wallet dirt. The pen signatures of K.G. Skartum, President and Kroeger, Cashier are clear.
Grade: Fine    Bank Name: Lake Benton, First NB, M4509
Lot #185 - National Bank Notes > Minnesota - ($ 800.00 - $ 1,200.00)
Fr. 624 $10 1902ND
Lake Benton, National Citizens Bank, 6696
This was the second national bank chartered in Lake Benton. There are only two public offerings listed and this example is better than either of those. The president's stamped signature is indistinguishable but the Cashier, Geo. D. Anderson's is clear. The bank was in business from 1903 to 1932 and shows just seven large notes recorded.
Grade: VF +    Bank Name: Lake Benton, National Citizens Bank, 6696
Lot #186 - National Bank Notes > Minnesota - ($ 15,000.00 - $ 25,000.00)
Fr. 382 $1 Original
Lake City, First NB, 1740
This is, without a doubt, one of the greatest notes in this entire collection. The town only had a national bank from 1870 to 1886 and they issued only First Charter Original and Series of 1875 notes. This note is evenly circulated and has had a few minor pinholes closed. Well centered and technically it would probably be called a VF 20. Signed by L.S. Van Vilet, Cashier.
Grade: VF    Bank Name: Lake City, First NB, 1740
Lot #187 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 624 $10 1902ND
Lake Crystal, First NB, 6918
This is a two-bank town and there are just four large notes, in addition to 13 small notes recorded. No large has ever been available publicly. No known notes are finer than this example with its excellent purple stamped signatures of W.R. Cullen, President and A.K. Olson, Cashier.
Grade: VF/XF    Bank Name: Lake Crystal, First NB, 6918
Lot #188 - National Bank Notes > Minnesota - ($ 1,750.00 - $ 3,000.00)
Fr. 606 $5 1902ND
Lake Crystal, American NB, 11401
This was the town's second national bank chartered and it followed the other bank by 16 years. There are five large notes recorded, but only one has been publicly offered. This note is excellent with lightly stamped purple signatures of J.C. Jansen, President and C.H. Keller, Cashier.
Grade: VF/XF    Bank Name: Lake Crystal, American NB, 11401
Lot #189 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 12,500.00)
Fr. 624 $10 1902ND
Lake Park, First NB, M7143
This is a truly rare bank that was only in business from 1904 to 1925. There are only two notes reported and neither has appeared publicly. This note is lovely with excellent body and great color that are added to by the excellent signatures of Chas. H. Kelson, Vice President and Geo. O. Kelson, Cashier.
Grade: VF +    Bank Name: Lake Park, First NB, M7143
Lot #190 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 1800-2 $5 1929T2
Lake Wilson, First NB, 11293
This is a nice quality note from a rare one-bank town bank that has been rarely available in large size, with only four notes reported. Small size is tough as well. This is one of the nicest known.
Grade: VF +    Bank Name: Lake Wilson, First NB, 11293
Lot #191 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 598 $5 1902ND
Lakefield, First NB, 6537
This bank was chartered in 1902 and closed in 1928 without issuing small size. There are seven large notes reported and three different ones have had public appearances, all in the last decade. Great pen signatures of Aug. Pohlman, President and J.T. Pletz, Cashier add to this nice looking, lightly circulated note.
Grade: VF    Bank Name: Lakefield, First NB, 6537
Lot #192 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 3,500.00)
Fr. 624 $10 1902ND
Lamberton, First NB, 7221
This bank, the only one in town, issued only large notes between 1904 and 1926. While five notes have been recorded there has only been a single public offering in 60 years. None of the notes recorded appear to be better than this one which has very good pen signatures.
Grade: Fine    Bank Name: Lamberton, First NB, 7221
Lot #193 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 605 $5 1902ND
Lanesboro, First NB, M10507
A sharp looking VF with excellent signatures of A. Langler, President and a cashier that wrote so tiny it's amazing, and also indecipherable. There are 11 large notes reported with none that appear better than this example. A short lived bank from 1914 to 1930.
Grade: VF +    Bank Name: Lanesboro, First NB, M10507
Lot #194 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 624 $10 1902ND
Le Roy, First NB, 7109
This is one of only two large notes that has survived from this rare bank, the only bank in town, that has never been offered in large size until now. The bank opened in 1904 and issued notes throughout the National Bank Note period. An evenly circulated note with a precisely restored and closed tear on the left. There are 13 small notes reported as well.
Grade: Fine    Bank Name: Le Roy, First NB, 7109
Lot #195 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 5,000.00)
Fr. 650 $20 1902ND
Le Sueur Center, First NB, M6921
This bank issued only 1,226 sheets of large size notes after 1903. There are only five large notes recorded and none have ever appeared for sale publicly since that time. This example is cut into the design slightly across the top. Nice blue pen signatures of W.H. Jaeger, President and C.C. Drasler, Cashier.
Grade: F/VF    Bank Name: Le Sueur Center, First NB, M6921
Lot #196 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 590 $5 1902DB
Le Sueur, First NB, M7199
This town has been made famous from the Jolly Green Giant but no doubt they were farming well before that. This bank has never been publicly offered in large or small size. Few were printed, in fact under 2,000 sheets of large size. This note is very nice quality and has a purple stamped signature of E.L. Welch, President and a penned signature of H. Weis, Cashier.
Grade: VF    Bank Name: Le Sueur, First NB, M7199
Lot #197 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 608 $5 1902ND
Litchfield, First NB, 6118
This bank issued large size only and has 34 notes reported. There have been 13 public offerings but only one is as pretty as this example. Purple stamped signatures of N.D. March, President and E.T. Sletten, Cashier.
Grade: XF    Bank Name: Litchfield, First NB, 6118
Lot #198 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 1801-1 $10 1929T1
Litchfield, Northwestern NB, 13486
This bank was chartered in 1930 and issued only small size, and 43 notes are now recorded. A very pretty and well centered example.
Grade: XF    Bank Name: Litchfield, Northwestern NB, 13486
Lot #199 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 5,000.00)
Fr. 484 $10 1882BB
Little Falls, First NB, M4034
This bank was chartered in 1889 and Brownbacks were, of course, the first issue. This note last sold in September 2007 by us for $4,893 in heated competition. The note is still lovely and has excellent pen signatures of A. Davidson, President and K. Martin, Assistant Cashier. Only five of the 15 large notes reported have been publicly offered.
Grade: VF    Bank Name: Little Falls, First NB, M4034
Lot #200 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 652 $20 1902ND
Little Falls, First NB, M4034
When Richard acquired the Brownback listed here he decided to keep this beautiful Blue Seal. This note is quite nice with a couple of light spots near the left serial number that doesn't really matter. It has excellent color and paper as well as excellent signatures, stamped for the vice president and penned by J.K. Martin, Cashier. There are 15 large notes recorded on this bank.
Grade: VF +    Bank Name: Little Falls, First NB, M4034
Lot #201 - National Bank Notes > Minnesota - ($ 1,750.00 - $ 2,500.00)
Fr. 540 $10 1882DB
Little Falls, German American NB, M4655
A very pretty 1882 Dateback from this bank that was chartered in 1891. This beauty has the first title which was used until May 1918 when it became politically incorrect during WWI, thus German was dropped from the title. Great pen signatures of the cashier and John Wetzel, Vice President. There are eight notes recorded with this title and none are better than this example.
Grade: VF +    Bank Name: LIttle Falls, German American NB, M4655
Lot #202 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 1801-1 $10 1929T1 #8
Little Falls, American NB, 13353
This bank was chartered in 1929 and issued only small size notes. The census shows 59 reported, and this is a very pretty example.
Grade: VF +    Bank Name: Little Fals, American NB, 13353
Lot #203 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 10,000.00)
Fr. 633 $10 1902ND
Littlefork, First NB, M11863
This town had only one national bank and it's as rare as any the state had. The bank was chartered in 1920 and closed in 1925 after issuing a scant 1,348 sheets of Blue Seals. This note has a closed tear and restored corner but the excellent purple stamped signatures of F.P. Sheldon, President and M.C. Longhill, Cashier enhance the overall quality.
Grade: VF    Bank Name: LIttlefork, First NB, M11863
Lot #204 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 624 $10 1902ND
Long Prairie, Peoples NB, 7080
A very attractive note from the town's second chartered national bank, which was chartered in 1903. There has only been one large notes publicly offered and that was a low grade example in 1996. This is probably the finest note of the seven large notes recorded. Excellent pen signatures of C.F. Miller, President and John J. Reichert, Cashier. A neat town name.
Grade: VF +    Bank Name: Long Prairie, Peoples NB, 7080
Lot #205 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 625 $10 1902ND
Lu Verne, First NB, M3428
This bank was chartered in 1886, nearly 20 years before its closest rival. Three of the seven notes reported on this large-only bank have been publicly offered. This nice looking note has a penned signature of D.M. Main, Cashier and a stamped president's that is hard to interpret.
Grade: VF +    Bank Name: Lu Verne, First NB, M3428
Lot #206 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 624 $10 1902ND
Luverne, Farmers NB, M7770
This was the town's second national bank to be chartered and it was in business from 1905 to 1925. Just four notes have survived and the only public appearance was on eBay in 2007. This note is evenly circulated with stamped signatures that are very light.
Grade: VF    Bank Name: Luverne, Farmers NB, M7770
Lot #207 - National Bank Notes > Minnesota - ($ 10,000.00 - $ 15,000.00)
Fr. 589 $5 1902RS
Luverne, NB, M8977
This is the only known surviving example from this Rock County bank that was in business from 1907 to 1925. The bank issued just over 2,000 sheets but only 312 were Red Seals. This note is well used and there are signatures that can be seen but are very hard to distinguish. Truly a Minnesota rarity.
Grade: VG +    Bank Name: Luverne, NB, M8977
Lot #208 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 635 $10 1902ND
Luverne, First & Farmers NB, 12634
This bank was chartered in 1925, apparently when the First and the Farmers banks closed. The National Bank of Luverne closed that year as well, so it may have been part of the deal. This note is a beauty and is possibly the finest known. Excellent stamped signatures of E.H. Braun, President and Carl Mueller, Cashier. There are eight large notes reported and just three public offerings.
Grade: VF +    Bank Name: Luverne, First & Farmers NB, 12634
Lot #209 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 3,500.00)
Fr. 633 $10 1902ND
Lyle, First NB, 5706
A sharp, evenly circulated note from this 'name' bank that was chartered in 1901. None have ever been publicly offered for sale. There are only four large notes recorded while there are 18 small size, but only a single public offering of any type on this bank and that was a small size in 2001. Excellent pen signatures of F.M. Beach, President and R.A. Anderson, Cashier.
Grade: VF    Bank Name: Lyle, First NB, 5706
Lot #210 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 590 $5 1902DB
Madelia, First NB, M7100
This was the earlier of the town's two national banks and it issued large size only from 1904 to 1927. The note is evenly circulated and has purple stamped signatures that are too tough for me to read. Although there are eight notes reported, there has only been a single offering ever.
Grade: VF    Bank Name: Madelia, First NB, M7100
Lot #211 - National Bank Notes > Minnesota - ($ 250.00 - $ 500.00)
Fr. 1801-2 $10 1929T2
Madelia, Citizens NB, 13784
A lovely $10 Type 2 from the town's second bank that was chartered in 1933. They issued only Type 2 small size and there are 11 recorded, with only four public offerings. This should easily be the finest known as its a fresh, well centered XF.
Grade: XF    Bank Name: Madelia, Citizens NB, 13784
Lot #212 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,000.00)
Fr. 624 $10 1902ND
Madison, First NB, M6795
This was the only bank to issue large size from this town and eight large notes are recorded, with four notes having been publicly offered. Small size notes are even rarer! This evenly circulated example has excellent signatures of P.G. Johnson, President, purple stamped, and O.R. Nelson, Cashier is penned.
Grade: Fine +    Bank Name: Madison, First NB, M6795
Lot #213 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 1800-1 $5 1929T1
Madison, Klein NB, 13561
A very attractive circ note that is listed as Ch. UNC in the census, but it's not. There are 32 small notes recorded with only five public offerings. That's a tightly held group of notes as the last offering was four years ago.
Grade: XF/AU    Bank Name: Madison, Klein NB, 13561
Lot #214 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 1802-1 $20 1929T1
Mahnomen, First NB, 12941
No notes have appeared from the earlier Mahnomen bank. This bank was chartered in 1926 but did not issue large size. The census shows 12 notes recorded, but only two public offerings, with the last being seven years ago. A decent, evenly circulated example.
Grade: Fine +    Bank Name: Mahnomen, First NB, 12941
Lot #215 - National Bank Notes > Minnesota - ($ 300.00 - $ 500.00)
Fr. 618 $10 1902DB
Mankato, First NB, M1683
This was the town's first chartered national bank, taking place in 1868. All 35 large notes reported are with the first title like this one. This note has excellent color and body as well as great purple stamped signatures of G.M. Palmer, President and W.D. Willard, Cashier. A couple of minor pinholes in the center.
Grade: VF/XF, pinhole    Bank Name: Mankato, First NB, M1683
Lot #216 - National Bank Notes > Minnesota - ($ 300.00 - $ 500.00)
Fr. 628 $10 1902ND
Mankato, National Citizens Bank, 4727
This was the town's fourth national bank chartered and that was in 1892. The bank has 57 large notes reported and this is one of the highest grades listed, looking new at a glance. Sharp purple stamped signatures of the vice president and cashier.
Grade: XF +    Bank Name: Mankato, National Citizens Bank, 4727
Lot #217 - National Bank Notes > Minnesota - ($ 350.00 - $ 700.00)
Fr. 616 $10 1902DB
Mankato, NB of Commerce, M6519
This bank was chartered 10 years after the Citizens Bank and it closed in 1934. Unfortunately this note has an uneven bottom margin cut, but fortunately the penned signature of J.G. Tegner, Cashier and the stamped signature of C.L. Oleson, President are clear. There are 19 large notes recorded with only two public offerings.
Grade: VF    Bank Name: Mankato, NB of Commerce, M6519
Lot #218 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 5,000.00)
Fr. 1801-2 $10 1929T2
Mankato, NB of Commerce, 14220
This was the sixth and last national bank chartered in town, taking place in 1934. There are just six small notes reported with this #14220 charter. Only a single public offering last year when a note realized $4,025 at auction.
Grade: Fine +    Bank Name: Mankato, NB of Commerce, 14220
Lot #219 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 650 $20 1902ND
Mapleton, First NB, 6787
Notes on this one-bank location must be very tightly held as there has never been a large size note publicly offered, and only two small size that were. This note has decent body and a great look, although there are a few minor rust spots along the bottom. Excellent pen signatures of W. Troendle, President and C.M. Cudicott, Cashier. A total of nine large notes are recorded and none appear to be a higher grade than this one.
Grade: VF    Bank Name: Mapleton, First NB, 6787
Lot #220 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 6,500.00)
Fr. 607 $5 1902ND
Marble, First NB, 11608
A great looking note from a one-bank town with a neat name. This bank was only in business from 1920 to 1934 and only printed $5 large and small size. This is far and away the finest known as the others are listed as VG. This is a pretty XF with light, wispy signatures of D.M. Dunn, President, while the cashier's is undecipherable. There are just four or five large notes reported.
Grade: XF +    Bank Name: Marble, First NB, 11608
Lot #221 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,000.00)
Fr. 654 $20 1902ND
Marshall, Lyon County NB, M4595
This was the town's earliest national bank, chartered in 1891 and liquidated in 1926. The note appears VF but the signatures are quite weak at best. There are seven large notes recorded and three different notes have been publicly offered. This appears to be the finest note reported.
Grade: VF +    Bank Name: Marshall, Lyon County NB, M4595
Lot #222 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 550 $20 1882DB
Marshall, First NB, M4614
This was the town's second national bank to be chartered in 1891 and this note survived those early years. No Second Charters have been publicly offered. In fact, only this note and a Brownback are known, the others are Blue Seals. This note has excellent pen signatures of R.M. Addison, President but there are a couple of stains on a dirty back. There are 12 large notes recorded on the bank.
Grade: Fine    Bank Name: Marshall, First NB, M4614
Lot #223 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 624 $10 1902ND
McIntosh, First NB, M6488
A scarce one-bank town bank that has had five large notes reported to have survived to date. This evenly circulated example is better than most. The officers signatures are penned and clear but I can't translate them. I only know of a South Dakota town with the same name.
Grade: Fine +    Bank Name: McIntosh, First NB, M6488
Lot #224 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 7,000.00)
Fr. 659 $20 1902ND
Menahga, First NB, M11740
This town had one national bank chartered in 1920 and the bank issued only 2,428 sheets of large size notes, and none have ever been publicly offered! A sharp note with nice stamped signatures of G.R. Lee, Cashier and Joseph A Quinn, Acting President. Any collector should be excited about the possibility of adding a large note to their collection.
Grade: VF    Bank Name: Menahga, First NB, M11740
Lot #225 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 652 $20 1902ND
Milaca, First NB, 9050
This was the town's only national bank and there are eight large notes reported. Only one note has ever been publicly offered and it was offered twice. This note shows some surface dirt but generally even wear and a small pinhole. The pen signatures of J.A. Allen, President and P.P. Allen, Cashier, logically family but I have not researched that, are clear.
Grade: Fine    Bank Name: Milaca, First NB, 9050
Lot #226 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 597a $5 1902DB
Minneapolis, First & Security NB, M710
This title was used between 1915 and 1920 and it has 51 large notes reported. This one looks to have excellent pen signatures.
Grade: VF    Bank Name: Minneapolis, First & Security NB, M710
Lot #227 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 613 $10 1902RS
Minneapolis, First NB, M710
This was the first national bank, chartered in 1865, in this town. It had several titles and lots of notes issued. This is an attractive Red Seal with excellent color and signatures but it's a little tight along the top design. Of the 54 notes reported there are 11 Red Seals with this title.
Grade: XF    Bank Name: Minneapolis, First NB, M710
Lot #228 - National Bank Notes > Minnesota - ($ 70.00 - $ 100.00)
Fr. 1800-1 $5 1929T1
Minneapolis, First NB & Trust Co., 710
This is the fourth title for this charter and there are 177 small notes recorded. This one is pretty and well centered.
Grade: XF    Bank Name: Minneapolis, First NB & TC, 710
Lot #229 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 397 $5 Original
Minneapolis, State NB, 1623
This was the third bank chartered in town and it was in business from 1865 to 1877, with most of the notes being Original Series. This is the only $5 and it's probably the best of the four known notes. Notes from this timeframe make few new appearances these days because not enough exist. This note has an excellent pen signature of T.A. Harrison, President and is evenly circulated for the grade.
Grade: Fine +    Bank Name: Minneapolis, State NB, 1623
Lot #230 - National Bank Notes > Minnesota - ($ 10,000.00 - $ 20,000.00)
Fr. 389 $2 Original
Minneapolis, North Western NB, 2006
An amazing Lazy Deuce that is virtually UNC with excellent centering and amazing quality in every way. This note has bold printing and impressive, although somewhat subdued paper quality. A tiny edge split is virtually undetectable. Since it's the finest of three known by a mile, there is no need to look further. Obviously the $1 and $2 here have been together since they were printed and we will hope they stay that way. Notes on this bank are quite plentiful but there is nothing to rival this amazing pair for history and beauty.
Grade: Ch. AU    Bank Name: Minneapolis, North Western NB, 2006
Lot #231 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 382 $1 Original
Minneapolis, North Western NB, 2006
This bank was one of the largest in the Upper Midwest until it sold out to Wells Fargo. This Ace is an amazing relic of the earliest days of Minnesota banking history, dating to 1872. This bank thrived for over 100 years when it teamed up with Wells Fargo and lost it's identity. This Ace is strictly UNC but with a corner tip fold, not into the design. Just an amazing piece of paper! Signed by D. Morrison, President and first Mayor of Minneapolis, later a U.S. Senator.
Grade: PCGS New 62 PPQ    Bank Name: Minneapolis, North Western NB, 2006
Lot #232 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 12,500.00)
Fr. 479 $10 1882BB
Minneapolis, Union NB, 2795
This bank was chartered in 1882 and the President, S.E. Neiler, was the cashier of Northwestern National Bank and signed two of the notes listed here. No other examples of this early, short-lived bank have survived. This example has seen plenty of circulation but it has retained the bold signatures. The tear at the left has been virtually perfectly closed to prevent further problems.
Grade: VG    Bank Name: Minneapolis, Union NB, 2795
Lot #233 - National Bank Notes > Minnesota - ($ 10,000.00 - $ 20,000.00)
Fr. 467 $5 1882BB #1
Minneapolis, NB of Commerce, 3206
This bank was chartered in 1884 and liquidated in 1908. This #1 Brownback was from the first sheet printed and only two notes are recorded. A $100 Red Seal sold in 1997. This note is a lovely, high grade peach and it's serial #1. Great pen signatures that I believe to be E.F. Buhl, President and Wm. Powell, Cashier. A better note will not be easy to acquire from this bank.
Grade: XF/AU    Bank Name: Minneapolis, NB of Commerce, 3206
Lot #234 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 487 $10 1882BB
Minneapolis, Swedish American NB, M4951
This bank was in business for 14 years, 1894 to 1908, but issued only Brownbacks. Seven have survived and are recorded. This note is evenly circulated with decent color. It has clear signatures of N.O. Werner, President and C.L. Mattson, Cashier. This is an unusual title.
Grade: Fine    Bank Name: Minneapolis, Swedish American NB, M4951
Lot #235 - National Bank Notes > Minnesota - ($ 6,000.00 - $ 12,000.00)
Fr. 613 $10 1902RS
Minneapolis, Clarke NB, M6449
This bank, presumably a family named bank, was chartered in 1902 and only used this title until 1905, when it changed to Minnesota National Bank of Minneapolis, and liquidated in 1911. Two notes have been recorded from this bank and both are this title, of which only 1,407 sheets were ever printed. Amazingly this note is second best as the #1 Red Seal is also accounted for. A lovely note that has part of its bottom margin on top, a common flaw for being hand-cut from the sheet.
Grade: XF/AU    Bank Name: Minneapolis, Clarke NB, M6449
Lot #236 - National Bank Notes > Minnesota - ($ 800.00 - $ 1,200.00)
Fr. 641 $20 1902RS
Minneapolis, Security NB, M8720
A short-lived institution, from 1907 to 1915, that currently has 30 notes reported, one-third are Red Seals. This note has hard to see purple stamped signatures but it's an excellent type from the Twin Cities.
Grade: F/VF    Bank Name: Minneapolis, Security NB, M8720
Lot #237 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 618 $10 1902DB
Minneapolis, Scandanavian American NB, M9409
The bank had three different titles with this being the first and rarest with only five large notes reported. The note has even circulation, good color, well stamped purple signatures and a few pinholes. This title was used from 1909 to 1917.
Grade: VF    Bank Name: Minneapolis, Scandinavian American NB, M9409
Lot #238 - National Bank Notes > Minnesota - ($ 250.00 - $ 500.00)
Fr. 632 $10 1902ND
Minneapolis, Midland NB & Trust Co., 9409
This title was the third for the bank and was used from 1925 on. The note has well stamped signatures of C.B. Miller, President and C.L. Keith, Cashier. There are 24 large notes reported on the bank.
Grade: VF    Bank Name: Minneapolis, MIdland NB & TC, 9409
Lot #239 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 658 $20 1902ND
Minneapolis, Midland NB, M9409
This was the bank's second title and was used from 1917 to 1925. There are 24 large notes recorded with this title. Signed by C.B. Mills, President and T. Oas, Cashier.
Grade: VF +    Bank Name: Minneapolis, Midland NB, M9409
Lot #240 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 626 $10 1902ND
Minneapolis, Metropolitan NB, 9442
A very high grade example from this bank that was in business from 1909 to 1931. It has a stamped signature of Geo. B. Morris, President. Of the 62 large notes reported, none could be much prettier than this example.
Grade: Ch. AU    Bank Name: Minneapolis, Metropolitan NB, 9442
Lot #241 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 606 $5 1902ND
Minneapolis, Lincoln NB, M11178
This bank was chartered in 1918 and it closed barely four years later in 1922 after issuing 5,145 sheets of $5s, $10s and $20s total. This note is a beauty with a single centerfold and evidence of being pinned on the left end. There are five notes listed in the census and clearly this is the second best. Well stamped but unreadable signatures are there.
Grade: Ch. AU    Bank Name: Minneapolis, Lincoln NB, M11178
Lot #242 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 7,500.00)
Fr. 607 $5 1902ND
Minneapolis, NB, M11778
This bank had only a single note reported until mid-2008 when a second example appeared on eBay, realizing $4,201. This note is somewhat higher grade and it has clear signatures. The bank lasted just three years, from 1920 to 1923.
Grade: Fine    Bank Name: Minneapolis, NB, M11778
Lot #243 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 607 $5 1902ND
Minneapolis, Marquette NB, M11861
This bank was chartered in 1920 as the Payday National Bank but no notes were issued until this title was adopted in 1922. Only $5 Blue Seals were issued in large and there are 19 large notes recorded. This note has printed signatures.
Grade: VF    Bank Name: Minneapolis, Marquette NB, M11861
Lot #244 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 609 $5 1902ND
Minneapolis, Transportation Brotherhoods NB, 12282
A neat Transportation Brotherhood title that opened in 1922 and closed in 1930. There are 26 large notes reported and only two small size. This note has excellent purple stamped signatures of Albert O. Smith, President and R.H. Harding, Cashier.
Grade: F/VF    Bank Name: Minneapolis, Transportation Brotherhoods NB, 12282
Lot #245 - National Bank Notes > Minnesota - ($ 300.00 - $ 600.00)
Fr. 609 $5 1902ND
Minneapolis, Bloomington-Lake NB, 12972
This bank was chartered in mid-1926 and only printed $5 Blue Seals, but quite a few of them. This note is quite fresh and attractive with printed signatures. Just a bit tight along the bottom. There are 18 large notes recorded on the bank.
Grade: VF/XF    Bank Name: Minneapolis, Bloomington-Lake NB, 12972
Lot #246 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 609 $5 1902ND #1
Minneapolis, Minnehaha NB, 13096
This was the next to last national bank chartered in Minneapolis in June of 1927. There are seven large notes reported but only four public offerings in 60 years. This rare double #1 top note from the first sheet is by far the most important note possible. Based on the fact that it was folded it may well be the only #1 saved because it may well have been a pocket piece for a while. The three folds are a bit heavy but it's a fresh, attractive note.
Grade: VF/XF    Bank Name: Minneapolis, Minnehaha NB, 13096
Lot #247 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 7,000.00)
Fr. 609 $5 1902ND #1
Minneapolis, Central NB, 13108
This bank wasn't chartered until July 1927 and it was the last national bank chartered in Minneapolis, lasting through the end of the National Bank Note period. This apparently is the same #1 note that was offered in 1976, or another from the same sheet, but this is the "A" position, not "D" and it's XF/AU, not Fine. Regardless, the census shows six large notes reported with this example being the best by far.
Grade: XF/AU    Bank Name: Minneapolis, Central NB, 13108
Lot #248 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,000.00)
Fr. 650 $20 1902ND
Minneota, First NB, 6413
I remember this town from my youth when an Albert Lea dealer, Fred Carson, had a note in his case from this bank. I always read it to be from Minnesota-Minnesota, not Minneota and I always asked and he would always correct me. A good play on the state name. There are seven large notes reported and four different appearances. It has excellent purple stamped signatures of M.J. Moorse, President and M.F. Ahern, Cashier. It's top quality and easily the finest known on the bank.
Grade: XF/AU    Bank Name: Minneota, First NB, 6413
Lot #249 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,000.00)
Fr. 624 $10 1902ND
Minneota, Farmers & Merchants NB, 6917
This title was often the choice of the second bank chartered in town. This is a nice VF and there are none higher grade of the 11 large notes recorded. Just five public offerings. Purple stamped signatures of H.J. Tillemans, President and C.C. Erickson, Cashier. The cashier signed on other banks as well.
Grade: VF +    Bank Name: Minneota, Farmers & Merchants NB, 6917
Lot #250 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 7,000.00)
Fr. 609 $5 1902ND
Minnesota Lake, First NB, M6204
This certainly is a special Minnesota town name and appropriate, no doubt. There has been a single offering on eBay in 2008 where a lesser grade reached $2,800. The stamped signature of the president is poor but the signature of E. Salzman, Assistant Cashier is clear. There are only four notes reported on this bank that was in business from 1902 to 1924.
Grade: VF +    Bank Name: Minnesota Lake, First NB, M6204
Lot #251 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 9,000.00)
Fr. 613 $10 1902RS
Minnesota Lake, Farmers NB, M6532
I'm a bit shocked that this town had two national banks. This one opened eight months after the First National Bank. They issued 362 sheets of Red Seals and this is the only example recorded of the five known notes. Signed by H.A. Zabel, President and W.H. Wilson, Cashier. The note has been lightly washed losing some of its brilliant red but is still quite desirable.
Grade: VF    Bank Name: Minnesota Lake, Farmers NB, M6532
Lot #252 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 616 $10 1902DB
Montevideo, First NB, M6860
This bank was the town's only one and it issued only large size from 1903 to 1927. The census shows six notes recorded with none apparently better than this example which has excellent pen signatures of C.J. Thompson, President and John Anderson, Cashier. It's been 12 years since the Biondich note realized $1,980.
Grade: Fine +    Bank Name: Montevideo, First NB, M6860
Lot #253 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 606 $5 1902ND
Montgomery, First NB, M11215
This bank only issued $5 bills, large and small, between 1918 and 1935. The census shows 10 large notes recorded with a couple being better than this example. This evenly circulated example has clear pen signatures of D.A. Hanlon, President and L.N. Havel, Assistant Cashier.
Grade: Fine    Bank Name: Montgomery, First NB, M11215
Lot #254 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 577 $10 1882VB
Moorhead, First NB, M2569
This bank was chartered in 1881 and it issued First Charters, but this is a $10 Valueback from the 1915 era I would guess. It closed in 1928 before small size. The note is evenly circulated and very scarce by type alone with purple stamped signatures. The bottom right corner tip is missing, a tiny piece to mention.
Grade: Fine +    Bank Name: Moorhead, FIrst NB, M2569
Lot #255 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 634 $10 1902ND
Moorhead, First & Moorhead NB, 2569
A nice, evenly circulated note that has the scarcer second title, used between February 1928 and December 1928. Only 1,087 sheets were printed. This note is a nice VF with a tiny hole at the centerfold. It has a good purple stamped signature of H.E. Robertson, President and a hard to guess cashier's name.
Grade: VF +    Bank Name: Moorhead, First & Moorhead NB, 2569
Lot #256 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 620 $10 1902DB
Moorhead, NB, M4713
A sharp, evenly circulated note with faded signatures from the town's second bank that was chartered as a national. There are 15 large notes recorded but there have only been two public offerings. This bank closed in 1927. Signed by Lamb, President and Roberts, Cashier.
Grade: VF    Bank Name: Moorhead, NB, M4713
Lot #257 - National Bank Notes > Minnesota - ($ 250.00 - $ 500.00)
Fr. 1801-1 $10 1929T1
Moorhead, First NB, 13297
A high grade example of this small-size-only bank that was chartered in 1929. Of the 33 small notes reported there have been five public offerings.
Grade: XF    Bank Name: Moorhead, First NB, 13297
Lot #258 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 1801-1 $10 1929T1
Moose Lake, First NB, 12947
Large notes on Moose Lake are prohibitively rare and the small size are scarce and popular. This note is quite nice with excellent color. A great town name and just 11 small notes recorded.
Grade: VF +    Bank Name: Moose Lake, FIrst NB, 12947
Lot #259 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 616 $10 1902DB
Mora, First NB, M7292
This bank was the town's only national bank and it was in business from 1904 to 1931. There has only been one note offered publicly even though eight large notes are recorded. This is the finest available on the bank. It's lovely and has clear purple stamped signatures of Geo. H. Newbert, President and Peterson, Cashier.
Grade: XF    Bank Name: Mora, First NB, M7292
Lot #260 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 609 $5 1902ND
Morris, NB, 6310
This was the town's second national bank, opening in 1902. There are 11 large notes currently recorded but just a single public offering of a large size. This note is fresh and well centered with black stamped signatures of J.H. Devenney, President and S.F. Ponsedrau, Cashier.
Grade: VF/XF    Bank Name: Morris, NB, 6310
Lot #261 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 598 $5 1902ND
Motley, First NB, 7764
A one-bank town bank that issued large and small size and has 11 large notes reported, with five different large notes having been publicly offered. The note has a blue stamped signature of Isaac Hazlett, President and a penned one for S.W. Jacobs, Cashier. A nice, evenly circulated note.
Grade: F/VF    Bank Name: Motley, First NB, 7764
Lot #262 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 12,500.00)
Fr. 633 $10 1902ND
Motordale, First NB, M11550
This bank was chartered as the First National Bank of Motordale in December 1919 and 900 sheets of Blue Seals were printed, with only a single surviving example...this one. The title changed to New Germany in 1922 when 2,700 sheets were printed with the second title. The bank closed in 1926. A highly desirable town and bank with the Motordale title. Excellent pen signatures of H.L. McGregor, President and A.W. House, Cashier.
Grade: Fine +    Bank Name: Motordale, First NB, M11550
Lot #263 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 626 $10 1902ND
Mountain Lake, First NB, M9267
A very interesting town name and a lovely note with excellent pen signatures of J.C. Klaassen, Vice President and A. Janzen, Cashier. There are eight large notes reported, and three different serial numbers have been publicly offered. This note is definitely the finest known on the bank.
Grade: VF +    Bank Name: Mountain Lake, FIrst NB, M9267
Lot #264 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 605 $5 1902ND
Nashwauk, First NB, 10736
A sharp, evenly circulated note from this northern Minnesota bank that was chartered in 1915. The signatures follow a familiar pattern where the cashier pen signs and stamps the president's signature, again in purple. Of the six large notes reported, two different large notes have been publicly offered.
Grade: VF    Bank Name: Nashwauk, First NB, 10736
Lot #265 - National Bank Notes > Minnesota - ($ 300.00 - $ 500.00)
Fr. 1801-1 $10 1929T1
Nashwauk, American NB, 11579
The records show 22 small notes known but only two have ever been publicly offered. That's tightly held, wouldn't you agree? A lovely, high grade and desirable note.
Grade: VF/XF    Bank Name: Nashwauk, American NB, 11579
Lot #266 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 607 $5 1902ND
New Germany, First NB, 11550
This note is the second bank title for Motordale, used between 1922 and 1926. There were only 2,700 sheets printed and just eight large notes are recorded. This note, with slightly rounded corners, lists as AU in the census and I think that is optimistic, but of little concern as it's currently the best there is. Signed by Wm. F. Stevdes, President and A.W. House, Cashier.
Grade: XF/AU    Bank Name: New Germany, First NB, 11550
Lot #267 - National Bank Notes > Minnesota - ($ 600.00 - $ 900.00)
Fr. 650 $20 1902ND
New Prague, First NB, M7092
Minnesota clearly shows its European influence through its bank titles and town names, with this note being no exception. This bank has eight large notes recorded and just four large notes publicly offered. An evenly circ note with clear pen signatures of Joseph T. Topka, President and J.J. Mach, Cashier.
Grade: Fine +    Bank Name: New Prague, First NB, M7092
Lot #268 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 602 $5 1902ND
Northfield, First NB, 2073
This bank was chartered in 1872 and it lasted through the National Bank Note issuing period. There have only been two large notes publicly offered even though the census indicates 15 large notes recorded. This may well be the nicer Blue Seal available. Signed by J.D. Nutting, President and H.O. Dilley, Cashier.
Grade: VF +    Bank Name: Northfield, First NB, 2073
Lot #269 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 633 $10 1902ND
Northfield, NB, M5895
A beautiful, high grade Blue Seal from this bank that was in business from 1901 to 1929 and only issued large size notes. There are 19 notes recorded but none are better than this beauty. A great looking note with purple stamped signatures of J.G. Schmidt, President and F.W. Shandorf, Cashier.
Grade: XF    Bank Name: Northfield, NB, M5895
Lot #270 - National Bank Notes > Minnesota - ($ 150.00 - $ 300.00)
Fr. 1800-1 $5 1929T1
Northfield, NB & Trust Co., 13350
This bank was chartered in 1929 and issued only small size notes. The census indicates 23 notes recorded and this is an evenly circulated example.
Grade: Fine    Bank Name: Northfield, NB & TC, 13350
Lot #271 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 618 $10 1902DB
Olivia, Peoples First NB, M9063
This bank was chartered in 1908 and went into receivership in 1927 after issuing barely over 1,000 sheets total. This community has one other national bank that was chartered shortly after this bank closed and it issued small size notes. This note has evidence of a center tear that has been restored but the overall quality is nice and the signatures are excellent. With only two notes reported it's doubtful another will be found or available any time soon.
Grade: VF    Bank Name: Olivia, Peoples First NB, M9063
Lot #272 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 1800-1 $5 1929T1
Olivia, Citizens NB, 13081
This was the town's second national bank in business after 1927 and they only issued small size notes. This example, one of 32 notes recorded, is evenly circulated and nicely centered.
Grade: F/VF    Bank Name: Olivia, Citizens NB, 13081
Lot #273 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 598 $5 1902ND
Ortonville, First NB, M6459
A very attractive and nearly the finest reported example of this bank that was in business from 1902 to 1932. The census indicates nine large notes recorded and three publicly offered. This note has excellent pen signatures of John Mitchell, President and O.I. Chamberlin, Cashier.
Grade: VF +    Bank Name: Ortonville, First NB, M6459
Lot #274 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 590 $5 1902DB
Ortonville, Citizens NB, M6747
Although the town's second national bank, it was only by a few months. There have only been three public offerings in 40 years of the nine large notes recorded. Another case where the cashier signed and then purple stamped the president's signature.
Grade: VF    Bank Name: Ortonville, Citizens NB, M6747
Lot #275 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 650 $20 1902ND
Osakis, First NB, 6837
There was only a single national bank in town and it went into business in 1903, surviving the National Bank Note era which ended in 1935. There have been three public offerings of the eight large notes reported. This note has excellent signatures of Nelson M. Emony, Vice President and D.B. McClary, Cashier.
Grade: Fine +    Bank Name: Osakis, First NB, 6837
Lot #276 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 5,000.00)
Fr. 389 $2 Original
Owatonna, First NB, 1911
This bank was chartered in 1871 and this Deuce is the only surviving example of a Deuce on the bank. The bank was in business right through 1935 and there are currently 20 large notes reported. Deuces are quite scarce from Minnesota, outside of Winona, and you will get few choices to acquire any. This one has pen signatures of J.Easton, President and D.S. Kinyou, Cashier.
Grade: VG    Bank Name: Owatonna, First NB, 1911
Lot #277 - National Bank Notes > Minnesota - ($ 7,000.00 - $ 12,000.00)
Fr. 401 $5 1875
Owatonna, Farmers NB, 2122
The Farmers Bank of Owatonna was opened in 1873 and it apparently closed in 1893 when the National Farmers Bank of Owatonna opened, probably relating to the charter expiration. There are ten notes reported and five are beautiful 1875 $5s like this one, which is one of the highest-quality notes in the collection. This town actually had only three national banks, the last chartered in 1893. An impressive First Charter with pen signatures of L.L. Bennett, President, and the assistant cashier.
Grade: PCGS Ch. New 63 PPQ    Bank Name: Owatonna, Farmers NB, 2122
Lot #278 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 656 $20 1902ND
Owatonna, National Farmers Bank, M4928
A lovely Blue Seal with pen signatures of L.W. Thompson, Vice President and E.J. Haines, Assistant Cashier. There are 11 large notes recorded but only three public offerings. This was the town's third and last national bank.
Grade: VF +    Bank Name: Owatonna, National Farmers Bank, M4928
Lot #279 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 607 $5 1902ND
Park Rapids, First NB, M5542
A sharp, evenly circulated note that has purple stamped signatures. An interesting town name. The bank closed in 1933 and there are 16 large notes recorded.
Grade: Fine +    Bank Name: Park Rapids, First NB, M5542
Lot #280 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 1801-2 $10 1929T2
Park Rapids, Citizens NB, 13692
This bank wasn't chartered until 1933 and issued only small size Type 2 notes. There is an uncut sheet and 11 small notes recorded. This example is very attractive and evenly centered.
Grade: VF    Bank Name: Park Rapids, Citizens NB, 13692
Lot #281 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 624 $10 1902ND
Parkers Prairie, First NB, 6661
A neat town name that seems like it should be a new Western movie title. This bank has only nine large notes recorded and with just five public offerings. This note has a bit of dirt on the back. Signed by A.J. Pausfeltz, Vice President and H.J. Westerand, Cashier.
Grade: VF    Bank Name: Parkers Prairie, First NB, 6661
Lot #282 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,000.00)
Fr. 632 $10 1902ND
Paynesville, First NB, M11332
Paynesville had but a single national bank and it was only in business for 12 years. Just 1,664 sheets were printed but there are 20 notes reported. Many examples have been through auctions since 1997. Signed by Anson Evans, President and L.A. Annenberg, Cashier.
Grade: VF/XF    Bank Name: Paynesville, First NB, M11332
Lot #283 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 624 $10 1902ND
Pelican Rapids, First NB, M6349
Names will not get much more desirable than this one which is from a one-bank town. The bank issued only large size notes before closing in 1926. There are only five notes reported, both public offerings were for the same note. This one is a beauty with well stamped purple signatures of O.M. Carr, President and a cashier's name I cannot discern. This may well be the finest known.
Grade: VF +    Bank Name: Pelican Rapids, First NB, M6349
Lot #284 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 632 $10 1902ND
Pequot, First NB, 11267
A real peach from the town's only national bank. The bank was in business for 11 years and they printed 6,517 sheets of notes. This is by far the finest known. It's well centered with excellent purple signatures of Isaac Hazlett, President and R.E. Harte, Cashier. A scarce and highly desirable location.
Grade: VF/XF    Bank Name: Pequot, First NB, 11267
Lot #285 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 5,000.00)
Fr. 642 $20 1902DB
Perham, First NB, M6276
This town had only this national bank and it issued only large size before liquidating in 1925. Currently there are four notes reported and only a single public offering, just last year. The signature of Vice President W.J. Daly is clear but I can't quite figure out the cashier's.
Grade: Fine    Bank Name: Perham, First NB, M6276
Lot #286 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 633 $10 1902ND
Pine City, First NB, M11581
This bank wasn't chartered until 1920 and only printed 2,614 sheets of large notes, with 12 listed in the census. Four different notes have been publicly offered. This note has signatures of P. McAllen, Vice President and J.D. Boyle, Cashier.
Grade: VF    Bank Name: Pine City, First NB, M11581
Lot #287 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 497 $20 1882BB
Pipestone, First NB, M3982
This bank was chartered in 1889 and Brownbacks were the earliest notes issued. This is an interesting Indian name on a lovely $20 Brownback that has excellent signatures of H.E/W.C. Briggs, President and Wm. Frost, Cashier. There have only been three public offerings of the 13 large notes recorded.
Grade: VF +    Bank Name: Pipestone, First NB, M3982
Lot #288 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 632 $10 1902ND
Pipestone, NB, 10936
Twenty-eight years passed between the town's two banks being chartered. This is a scarce bank that issued only 5,575 Blue Seal sheets of $10-10-10-20. There are seven large notes recorded but only two public offerings. This must be the finest known. It has lovely purple signatures of H. Walker, President and Enger, Cashier. There are a couple of tiny pinholes in the portrait area.
Grade: VF +    Bank Name: Pipestone, NB, 10936
Lot #289 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 650 $20 1902ND
Plainview, First NB, M6293
This bank has remained extremely elusive or closely held in large size with eight notes recorded but no public offerings. Only three small size have been publicly offered from the 21 recorded. The stamped signatures are wispy and tough to make out while the note is generally problem free.
Grade: VF    Bank Name: Plainview, First NB, M6293
Lot #290 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 650 $20 1902ND
Preston, First NB, M6279
There were a lot of banks in Minnesota chartered between 1901 and 1904 and this is another. It was successful and still in business after the National Bank Note period. There are 15 large notes recorded with three or four of a similar grade to this example. Excellent pen signatures of Thomas J. Meighen, President and E.T. Schoenbaum, Cashier.
Grade: VF/XF    Bank Name: Preston, First NB, M6279
Lot #291 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 12,500.00)
Fr. 472 $5 1882BB
Princeton, First NB, 4807
Few national banks were open for less time than the First National Bank of Princeton, Minnesota. It was chartered on October 18, 1892 and liquidated on December 18, 1893, just 14 months later. Only two notes have survived; a serial #1 $5 1882 Brownback that we sold for $20,700 in the Power Collection and this note. The bank printed 598 sheets and the large outstanding in 1910 of $105 seems sensible. A sharp, high-grade $5 Brownback with excellent pen signatures of T.H. Caley, Vice President and Geo. H. Newburgh, Cashier, along with big margins that are hard to beat!
Grade: XF    Bank Name: Princeton, First NB, 4807
Lot #292 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 642 $20 1902DB
Princeton, First NB, M7708
A sharp looking Blue Seal from the town's second national bank. This bank was opened about a decade after the earlier bank closed. There have only been three public offerings of the 13 large notes recorded which, I'd say, indicates they are closely held. Very similar pen signatures of family members S.S. Petterson, President and J. Petterson, Cashier on this note.
Grade: VF/XF    Bank Name: Princeton, First NB, M7708
Lot #293 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 606 $5 1902ND
Proctor, First NB, M1125
Somehow I remember Proctor only issued $5 notes, both large and small. Interestingly enough six of eight notes recorded have had public offerings. The stamped signatures of H.H. Peyton, President and Fred C. Mitchell, Cashier are not terribly clear.
Grade: F/VF    Bank Name: Proctor, First NB, M1125
Lot #294 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 607 $5 1902ND
Proctor, Peoples NB, M11974
This was the town's second bank to be nationally chartered, which took place in 1921. Unfortunately, it barely made it for three years, closing in 1924. There have been no public offerings and this is the finest known example on the bank. The president's signature is clear but not the cashier's, and I don't have the correct bank directories to decipher them.
Grade: XF    Bank Name: Proctor, Peoples NB, M11974
Lot #295 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 625 $10 1902ND
Raymond, First NB, 8050
This bank was chartered in 1906 and it closed in 1929 without issuing small size notes. In fact, they only printed 2,254 sheets, with just seven survivors and a single public offering in 1998 from the Biondich Collection at $2,100. Apparently none are better than this example. It has the trademark penned cashier's and purple stamped president's signatures.
Grade: VF +    Bank Name: Raymond, First NB, 8050
Lot #296 - National Bank Notes > Minnesota - ($ 1,750.00 - $ 3,000.00)
Fr. 653 $20 1902ND
Red Lake Falls, Farmers NB, M9837
This town was home to two national banks but one is unreported. This one was only in business from 1910 to 1927. There are five large notes reported but only a single offering by us in 2003 when a VG sold for $1,811. This note is better and has purple stamped signatures that are clear but not easy to decipher. I like these three-word names, especially this one that has always been real tough.
Grade: Fine +    Bank Name: Red Lake Falls, Farmers NB, M9837
Lot #297 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 482 $10 1882BB
Red Wing, First NB, 1487
Every good pottery collector needs a note to go with their pots. This bank was chartered early (1865) and issued notes through 1935. This is the earliest type known on the bank and the only $10 Brownback. Apparently it's better than the $5s. There are 25 large notes recorded but just seven public offerings. A very attractive Brownback with pen signatures of Jesse McIntire, President and H.P. McIntire, Cashier.
Grade: VF    Bank Name: Red Wing, First NB, 1487
Lot #298 - National Bank Notes > Minnesota - ($ 700.00 - $ 1,200.00)
Fr. 598 $5 1902ND
Red Wing, Goodhue County NB, 7307
I think it would be neat to have a collection of notes all with company named titles like this one. Generally they would be from two-bank towns or more. This bank has had three large notes publicly offered out of the 17 large notes recorded. It has stamped signatures of C.J. Sargent, President and B.M. Baxrud, Cashier.
Grade: VF +    Bank Name: Red Wing, Goodhue County NB, 7307
Lot #299 - National Bank Notes > Minnesota - ($ 300.00 - $ 500.00)
Fr. 1802-1 $20 1929T1
Red Wing, NB & Trust Co., 13396
This was the town's late national bank and there are 43 small notes reported. It was chartered in 1929 and there seems to be just a few UNCs in the census. This one is a beauty.
Grade: Ch. CU    Bank Name: Red Wing, NB & TC, 13396
Lot #300 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 607 $5 1902ND
Redwood Falls, First NB, M5826
Somewhere along the lines there was a small group of 1882 Valuebacks uncovered from this bank (eight are recorded). This note is a lovely Third Charter with excellent signatures penned by A.P. Mumford, Assistant Cashier and purple stamped by H.A. Baldwin, President. This note is very good looking.
Grade: VF +    Bank Name: Redwood Falls, First NB, M5826
Lot #301 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 613 $10 1902RS
Renville, First NB, M6583
This is a town that had only a single national bank and it was around to issue Third Charters from 1902 to 1925. There were 1,220 sheets of Red Seals printed. An evenly circulated example from a town that has never been offered to the public. There are only four notes reported, including two Red Seals. Excellent pen signatures of F.O. Gold, President and A.H. Norton, Assistant Cashier.
Grade: F/VF    Bank Name: Renville, First NB, M6583
Lot #302 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 608 $5 1902ND
Richfield, NB, 12115
This is a suburb/part of Minneapolis that was originally chartered with the title that later changed to Richfield National Bank of Minneapolis, which remains unreported. There are six large notes recorded with this title and this one seems tied for the top spot. The signatures are stamped but I don't have the proper bank directory to figure them out. I would expect plenty of interest in this suburban bank.
Grade: VF +    Bank Name: Richfield, NB, 12115
Lot #303 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 624 $10 1902ND
Rochester, First NB, 579
A lovely, high grade note from a place many have been to and few wish the need to return. There are 18 large notes recorded but just four public offerings. Well stamped signatures of C.A. Chapman, President and L.J. Fregel, Cashier.
Grade: VF +    Bank Name: Rochester, First NB, 579
Lot #304 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 1801-1 $10 1929T1 #1
Rochester, First NB, 579
This was Rochester's first national bank, and it issued notes throughout the issuing period. The Melamed Collection saved this small size serial #1 to represent this very early Minnesota bank. The back is cut a bit cockeyed from poor alignment, but it's the face and #1 that are the most important. It's been five years since a #1 was offered on this bank.
Grade: PCGS Ch. Abt. New 55    Bank Name: Rochester, First NB, 579
Lot #305 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 629 $10 1902ND
Rochester, Union NB, M2088
This bank was the town's second but very early as it opened in 1873 and was around through 1935. This note is most unusual because of a clear pen signature of W.W. Churchill, Second Vice President and S.L. Seaman, Cashier. There are 13 large notes recorded but only three public offerings.
Grade: VF    Bank Name: Rochester, Union NB, M2088
Lot #306 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 624 $10 1902ND
Roseau, First NB, 6783
A decent, evenly circulated note from the town's earliest national bank, which has had only two public offerings of the five large notes recorded. The penned signatures are clear but I can't read them. This is the only bank with large notes known.
Grade: Fine    Bank Name: Roseau, First NB, 6783
Lot #307 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 1801-1 $10 1929T1
Roseau, County NB, 11848
This rare bank, with just four small notes recorded, was the second national bank in this town. The last reported was a VF that realized $2,875 last year.
Grade: Fine +    Bank Name: Roseau, County NB, 11848
Lot #308 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 607 $5 1902ND
Rosemount, First NB, M11776
This bank was only in business from 1920 to 1931 and issued only $5 Blue Seals. There are six notes recorded and this is the highest grade, but it does have a tiny corner top missing outside of the design. This note is pen signed by, I'm guessing at the signers, S. Netland, President and F. Ruhr, Cashier. There has only been a single note publicly offered and it appeared twice.
Grade: VF +    Bank Name: Rosemount, First NB, M11776
Lot #309 - National Bank Notes > Minnesota - ($ 15,000.00 - $ 25,000.00)
Fr. 613 $10 1902RS #1
Royalton, First NB, M6731
This town only issued large size notes and only printed 2,311 sheets, of which 700 were Red Seals. This #1 Red Seal was purchased privately from the family of the Cashier, Chas. R. Rhodes, the president was A.H. Turreton. Only the second note to appear on this bank and the other example is here as well. Needless to say, there has never been a public offering.
Grade: VF +    Bank Name: Royalton, First NB, M6731
Lot #310 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 12,500.00)
Fr. 650 $20 1902ND
Royalton, First NB, M6731
This was the only known note when Richard acquired the #1 Red Seal so this is quite an amazing duplicate. Previously it was unique, now it's one of two. Lovely pen signatures of W.H.. Galley, President and Charles Rhodes, Cashier. There were 1,611 sheets of 1902 Datebacks and Plainbacks issued, as well as the 700 Red Seal sheets, so waiting for another...well it's a long shot.
Grade: Fine +    Bank Name: Royalton, First NB, M6731
Lot #311 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 642 $20 1902DB
Rush City, First NB, M6954
Cool town names continue to appear as I go through the alphabet and many have been unavailable to collectors for decades. This bank was in business just long enough to issue large size and there are seven notes recorded, with this being the finest. Only two public offerings in 60 years. The pen signatures are clear but I can't put them with anything I've found in the bank registries, but they are 100% there.
Grade: VF    Bank Name: Rush City, FIrst NB, M6954
Lot #312 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 624 $10 1902ND
Rushford, First NB, M6436
There must be a lot of rushes around the state with three towns with similar themes like this. Check out the Treasury serial on this note (N53D), it's very low and unusual. This note is evenly circulated with a minor pinhole and light purple signatures that could be figured out. There are six large notes recorded and this is the first public offering.
Grade: Fine +    Bank Name: Rushford, First NB, M6436
Lot #313 - National Bank Notes > Minnesota - ($ 15,000.00 - $ 25,000.00)
Fr. 639 $20 1902RS
Rushmore, First NB, M6862
No doubt this is one of the collection's greatest notes and it's lovely. The bank issued only large notes from 1903 to 1926 and printed a scant 1,293 sheets of Red Seals, of which this is one. This note has excellent color and sharp pen signatures of Geo. Innes, President and W.C. Thorn, Cashier. The bottom margin is close but it's fresh and unmolested so who cares. There will be plenty of conversation over this jewel.
Grade: VF +    Bank Name: Rushmore, First NB, M6862
Lot #314 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 10,000.00)
Fr. 635 $10 1902ND
St. Charles, First NB, 6237
This bank was in business from 1902 to 1934 but it did not print small size notes. In fact, only 1,991 sheets of all types were printed and there have been NO PUBLIC OFFERINGS. This is clearly the finest of the pair with penned signatures I can't decipher. The president's was stamped and is light. This note bears an April 30, 1922 date which seems abnormal for a bank chartered in 1902.
Grade: VF +    Bank Name: St. Charles, First NB, 6237
Lot #315 - National Bank Notes > Minnesota - ($ 300.00 - $ 600.00)
Fr. 624 $10 1902ND
Saint Cloud, First NB, M2790
This was the earliest of the town's four national banks but it's not a special note from my perspective. It's got good quality but a small rust spot near the top. The stamped signatures are readable, but not by me. There are 23 large notes recorded with seven publicly offered.
Grade: VF    Bank Name: Saint Cloud, First NB, M2790
Lot #316 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 485 $10 1882BB
St. Cloud, Merchants NB, M4797
This bank, in business from 1892 to 1926, must be a lot tougher than I would have thought. There are 18 large notes reported but records indicate not a single note ever having been publicly offered. I wonder where the rest are? This note has excellent pen signatures of O.H. Havill, President and A.J. Reinhard, Cashier. This will be a nice note to represent the bank or town.
Grade: VF    Bank Name: St. Cloud, Merchants NB, M4797
Lot #317 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 654 $20 1902ND
St. Cloud, Merchants NB, M4797
It's a surprise that this bank, chartered in 1892 and liquidated in 1926, with 19 notes reported has only ever been available once to the collecting public. This example is the finest known and has excellent pen signatures.
Grade: XF/AU    Bank Name: St. Cloud, Merchants NB, M4797
Lot #318 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 3,500.00)
Fr. 659 $20 1902ND
St. Cloud, American NB, 11818
This bank was chartered until 1920 and printed only 2,183 sheets of large size notes. There are just three recorded survivors and no public offerings. It has clear, but lightly purple stamped signatures that I can almost decipher. There could be a long wait for another large size to be offered.
Grade: VF +    Bank Name: St. Cloud, American NB, 11818
Lot #319 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 655 $20 1902ND
Saint James, First NB, M4859
This was the town's first national bank. It was chartered in 1893 and placed into receivership in 1926 so they only issued large size notes. The census shows 12 notes recorded but there have only been two public offerings. Here we have a pleasing VF $20 that has black, well stamped signatures, but the bottom trim is tight in spots.
Grade: VF/XF    Bank Name: Saint James, First NB, M4859
Lot #320 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 624 $10 1902ND
St. James, Citizens NB, M7021
A decent, evenly circulated note from the town's 'other' national bank, I mean not the First National Bank. This bank had two titles and this is the first, and earlier, of which there are only four large notes recorded. There are three publicly offered notes which could be on the second title. This note has excellent pen signatures of Manwaring, President and O.H. Malmose, Cashier.
Grade: VF    Bank Name: St. James, Citizens NB, M7021
Lot #321 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 380 $1 Original
Saint Paul, First NB, 203
This was the earliest bank chartered (1864) in the state. There are five $1 First Charters reported as well as 21 other large size notes. Also recorded are 480 small size notes. Both of the excellent pen signatures are Thompsons. There are some minor flaws as one could expect from a note this early and well circulated.
Grade: Fine, flaws    Bank Name: Saint Paul, First NB, 203
Lot #322 - National Bank Notes > Minnesota - ($ 150.00 - $ 300.00)
Fr. 642 $20 1902DB
Saint Paul, First NB, M203
Apparently this circ note was being replaced by the Ace but it was never deassessed from the collection. The signatures are stamped and faint.
Grade: VF    Bank Name: Saint Paul, First NB, M203
Lot #323 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 401 $5 1875
Saint Paul, Second NB, 725
This bank was chartered in 1865 and it's one of four $5s to have survived. The bank was in business until 1912 and it has 14 large notes recorded, yet only two Third Charters were ever publicly offered. Signed by two members of the Monfort family as vice president and cashier. A rare and sharp First Charter with some blue end paper and a few pinholes.
Grade: VF    Bank Name: Saint Paul, Second NB, 725
Lot #324 - National Bank Notes > Minnesota - ($ 600.00 - $ 900.00)
Fr. 540 $10 1882DB
St. Paul, Merchants NB, M2020
This bank was chartered in 1872 and nearly half of a century later it closed. Today there are 119 large notes reported. This one is an evenly circulated 1882 Dateback with stamped signatures. Lot includes a sample note for the conversion from large to small size. Two piece lot.
Grade: VF    Bank Name: St. Paul, Merchants NB, M2020
Lot #325 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 613 $10 1902RS
Saint Paul, National German American Bank, M2943
Minnesota was indeed settled by immigrants from all over, hence I am not surprised by the German-American title for this bank that was in business from 1883 to 1912. This is a pretty Red Seal that may well be the best note known on the bank. There are nine large notes recorded and this is the first offering of a Red Seal. Well stamped signatures of J.W. Lusk, President and D.S. Culver, Cashier.
Grade: VF +    Bank Name: Saint Paul, National German American Bank, M2943
Lot #326 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 613 $10 1902RS
St. Paul, NB, M2959
This bank was in business from 1883 to 1906 and issued both Brownbacks and Red Seals. The census shows two Brownbacks and seven Red Seals known. This is a pleasing, evenly circulated Red Seal with decent stamped signatures of A. Anderson, President and W.B. Geery, Cashier.
Grade: VF    Bank Name: St. Paul, NB, M2959
Lot #327 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 613 $10 1902RS
Saint Paul, American NB, M6828
This bank was formed in 1903 and has 24 large notes recorded today, but only three Red Seals, all of which are quite nice. There have been 10 public offerings but none of those were Red Seals. This Red Seal has excellent pen signatures of Joseph Lockey, President and L.H. Ickler, Cashier.
Grade: VF +    Bank Name: Saint Paul, American NB, M6828
Lot #328 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 625 $10 1902ND
Saint Paul, Capital NB, M8108
This title has always been a favorite regardless of the state. The bank issued only large size notes and has 80 survivors. This is a very high grade note with printed signatures. Only a couple of the known notes may be a bit higher grade.
Grade: XF +    Bank Name: Saint Paul, Capital NB, M8108
Lot #329 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 632 $10 1902ND
St. Paul, National Exchange Bank, 10940
This was a short-lived bank, between 1917 and 1926, and it has 16 recorded serial numbers today. The note is a beauty with the printed signatures and no line below like real signatures. High quality notes rarely appear, even with 16 reported. This one is about as high a quality as have survived. Signed by Ola Patterson, President and C.S. Dilther, Cashier.
Grade: VF/XF    Bank Name: St. Paul, National Exchange Bank, 10940
Lot #330 - National Bank Notes > Minnesota - ($ 300.00 - $ 600.00)
Fr. 633 $10 1902ND
St. Paul, Twin Cities NB, M11741
A neat name that was chosen in 1920 for this institution that also issued small size notes, closing in 1935. Pen signatures of M. Waldorf, Vice President and G. Croand, Cashier. A well centered, lovely, high grade VF with excellent centering. There are currently 16 large notes recorded.
Grade: VF/XF    Bank Name: St. Paul, Twin Cities NB, M11741
Lot #331 - National Bank Notes > Minnesota - ($ 100.00 - $ 200.00)
Fr. 1802-1 $20 1929T1
St Paul, Empire NB & Trust Co.,, 12922
This was the bank's second title but no notes were printed with the earlier one. There are 45 small notes recorded with this title.
Grade: VF/XF    Bank Name: St Paul, Empire NB & TC, 12922
Lot #332 - National Bank Notes > Minnesota - ($ 150.00 - $ 300.00)
Fr. 1800-2 $5 1929T2
St. Paul, Midway NB, 13131
This bank was chartered in 1927. This is a high grade $5 Type 2 example.
Grade: XF +    Bank Name: St. Paul, Midway NB, 13131
Lot #333 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 12,500.00)
Fr. 399 $5 Original
Saint Peter, First NB, 1794
A lovely First Charter $5 from Saint Peter's only national bank. It was chartered in 1871 and issued notes through small size. This note is a beauty and it's new to the census. It was acquired privately through Alex Perakis a few years ago. This is now the sixth $5 First Charter known from the bank which has seven other notes recorded as well in large size. Excellent pen signatures of William Schimmel, President and Frederic A. Donohower, Cashier. A special note for any collection.
Grade: Ch. AU    Bank Name: Saint Peter, First NB, 1794
Lot #334 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 644 $20 1902DB
Sandstone, First NB, M9464
The only national bank in Sandstone and they issued 1902 Datebacks, 1902 Plainbacks and small size. There are just seven large notes recorded and only three public offerings. This note has nice pen signatures of H.P. Webb, President and A.S. Dean, Cashier. The grade of this note is among the best.
Grade: F/VF    Bank Name: Sandstone, First NB, M9464
Lot #335 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 624 $10 1902ND
Sauk Centre, Merchants NB, M6417
This was the town's 'other' national bank, as in not the First National Bank. There are 12 large note recorded, but only three different notes have been publicly offered. There are several notes listed in the census that are similar in grade. Great pen signatures of J.A. Caughren, President and A.F. Streble, Cashier.
Grade: VF +    Bank Name: Sauk Centre, Merchants NB, M6417
Lot #336 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 5,000.00)
Fr. 624 $10 1902ND
Shakopee, First NB, 3039
This is one tough town, as it had three national banks but the early bank is unique and the later unreported. This bank was chartered in 1883, and of the six known notes the earliest is a Red Seal. The others are high-quality Blue Seals like this one. None have ever appeared in a public sale! Completely fresh and original, with great signatures of Theo. Weiland, President, and John Thiem, Cashier.
Grade: PCGS Gem New 65 PPQ    Bank Name: Shakopee, First NB, 3039
Lot #337 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 624 $10 1902ND
Sherburn, NB, M6348
A scarce one-bank town in southern Minnesota. Only seven large notes are recorded on the bank, and surprisingly five have been publicly offered. This example is evenly circulated with excellent pen signatures of L. Schwagerr, President and Chas. Howard, Cashier. All of the known notes sound about the same quality.
Grade: Fine    Bank Name: Sherburn, NB, M6348
Lot #338 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 5,000.00)
Fr. 633 $10 1902ND
Slayton, First NB, M5256
This one-bank town bank was chartered in 1900 and liquidated in 1927 and no notes have ever appeared publicly. This is a high grade VF with excellent pen signatures of C.E. Dinehart, President and F.O. Weck, Cashier. There are six large notes recorded but how do you get one other than here? Certainly none of the notes in the census are a higher grade.
Grade: VF/XF    Bank Name: Slayton, First NB, M5256
Lot #339 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 12,500.00)
Fr. 613 $10 1902RS
Sleepy Eye, First NB, M6387
This is the quintessential example of a great, rare and desirable Minnesota National Bank Note. No other town or bank evokes more emotion among National Bank Note enthusiasts than a beautiful Red Seal with vanity signatures, wonderful centering and a recognizable name from a place you have never heard of by any other means. Amazingly enough, nine high-grade Red Seals exist. This bank was chartered in 1902 and took this title in 1904, continuing to issue notes through 1935. This neat town is located south and west of Minneapolis and pretty much due north of the Higgins Museum, in case you wish to find it some day!
Grade: PCGS Ch. Abt. New 58 PPQ    Bank Name: Sleepy Eye, First NB, M6387
Lot #340 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 624 $10 1902ND
South St. Paul, Stockyards NB, 6732
A neat tradesmen's title from a location chartered in 1903 that lasted through the National Bank Note issuing period. A wonderful, top-grade note that has four mates and a #1 Red Seal that are far better than the other 17 large notes known. Light-blue stamped signatures are visible.
Grade: PCGS Ch. Abt. New 58 PPQ    Bank Name: South St. Paul, Stockyards NB, 6732
Lot #341 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 624 $10 1902ND
Spring Valley, First NB, 6316
A pleasant name for a community and it has one successful national bank, established in 1902 and it continued through 1935 issuing notes. There are just five large notes reported and only two have been publicly offered. This evenly circulated note has excellent pen signatures of Lyle Hamlin, President and G.C. Gullickson, Cashier.
Grade: Fine +    Bank Name: Spring Valley, First NB, 6316
Lot #342 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 651 $20 1902ND
Springfield, First NB, 8269
Every state seems to have a town named Springfield, or at least a lot of them do. This bank issued only large notes and it has six large recorded, with two different public offerings. This is currently the finest known note. Excellent pen signatures of J.S. Watson, President and C.H. Asch, Cashier. Now would be a good time to start a Springfield collection!
Grade: VF +    Bank Name: Springfield, First NB, 8269
Lot #343 - National Bank Notes > Minnesota - ($ 1,750.00 - $ 2,750.00)
Fr. 537 $5 1882DB
Staples, First NB, M5568
This bank was chartered in 1900 and issued through the National Banking period. There are 14 large notes reported. This example is by far the best note on the town and a great example for type. I hope the collectors of this Todd County location are able to maintain their civility during the battle over this impressive note, signed by Isaac Hazlett, President, and W.A. Broom, Cashier.
Grade: PCGS Ch. Abt. New 58 PPQ    Bank Name: Staples, First NB, M5568
Lot #344 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 618 $10 1902DB
Staples, City NB, M8523
This is a nice note from the third bank in town. There are eight large notes recorded and only a single note was publicly offered some 12 years ago. This note has excellent purple stamped signatures of Wm. J. Lewis, President and E.E. Greeno, Cashier.
Grade: VF +    Bank Name: Staples, City NB, M8523
Lot #345 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 627 $10 1902ND
Starbuck, First NB, M9596
Of all the Starbuck notes that were in the Ella Overly hoard that Mort Melamed shares with Hickman-Oakes, this is the example he chose for his personal collection. It's been more than 35 years since I made my way north to look and bid on this amazing collection, but the notes and the story live on. There are 138 large notes reported, but probably none finer or with a purer pedigree. This one-bank town's national bank was chartered in 1909 and issued notes through 1935.
Grade: PCGS Ch New 63 PPQ    Bank Name: Starbuck, First NB, M9596
Lot #346 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 652 $20 1902ND
Stephen, First NB, 9064
The town's only national bank was chartered in 1908 and issued both large and small size notes. The census indicates eight large notes reported with three different public offerings. This note is evenly circulated with excellent pen signatures of H.I. Yetter, President and James Nelson, Cashier.
Grade: VF    Bank Name: Stephen, First NB, 9064
Lot #347 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 490 $10 1882BB
Stewartville, First NB, M5330
This note is from the earlier of the town's two national banks. It was chartered in 1900 and this is the only example of the earliest issue recorded. It's also the best of the known notes. There has only been one note publicly offered and it appeared twice. There are four large notes recorded since a hotel buyer acquired this note. Excellent pen signatures of A.L. Brush, President and Tobias Hogenson, Cashier.
Grade: VF    Bank Name: Stewartville, First NB, M5330
Lot #348 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 1802-1 $20 1929T1 #1
Stewartville, NB, 13615
This bank issued only small size, being chartered in 1932, and this note is the only #1 note listed in the census of 20. It's well centered but it's been lightly circulated, although it has a nice overall appearance.
Grade: PCGS XF 40    Bank Name: Stewartville, NB, 13615
Lot #349 - National Bank Notes > Minnesota - ($ 6,000.00 - $ 10,000.00)
Fr. 389 $2 Original
Stillwater, First NB, 1514
This note is a rarity and it should remain that way if history means much. The bank was chartered in 1865 and liquidated in 1882, after issuing only $1, $2 and $5 Original Series and $5 1875 Series. These early First Charter banks just don't reappear often. The note has good pen signatures that predate my references.
Grade: Fine    Bank Name: Stillwater, First NB, 1514
Lot #350 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 484 $10 1882BB
Stillwater, Lumbermen's NB, M1783
This was the town's second national bank, chartered in 1871. The bank remained in business until 1919 so all notes are large size. There are just eight notes recorded and this is the only Brownback known. It is a sharp, evenly circulated note with a pen signature of A.J. Lehmicke, Cashier and a stamped signature of R.F. Hersey, President. There have been two different notes publicly offered. We sold a $1 in VF at $5,462 and there's also a Blue Seal that has been homeless in nine offerings.
Grade: F/VF    Bank Name: Stillwater, Lumbermen's NB, M1783
Lot #351 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 7,000.00)
Fr. 632 $10 1902ND
Swanville, First NB, 10824
This town had a single national bank, chartered in 1916, that only lasted until 1933 when it was placed into receivership. Amazingly three large notes have survived and this one is the finest among those. It has excellent pen signatures of Otto Krowsey, President and O. Hitzemann, Cashier. I can't imagine where you could ever find another but hope springs eternal if you miss this chance.
Grade: VF    Bank Name: Swanville, First NB, 10824
Lot #352 - National Bank Notes > Minnesota - ($ 1,750.00 - $ 2,750.00)
Fr. 574 $5 1882VB
Thief River Falls, First NB, M5894
This certainly qualifies as one of the state's best town names and there are some lovely examples known from the bank. The census indicates eighteen large and nine small size recorded. This note is the best of the $5 Valuebacks known. A stamped signature of C.L. Hanson, President and W.W. Prtichard, Jr., Cashier is penned. Great names are always in demand.
Grade: V/XF    Bank Name: Thief River Falls, First NB, M5894
Lot #353 - National Bank Notes > Minnesota - ($ 10,000.00 - $ 15,000.00)
Fr. 501 $20 1882BB
Tracy, First NB, M4992
This town only had this national bank and it was established in 1895. Although they did not issued small size it didn't close until 1931. There are only two surviving notes recorded and the other one last appeared in 1992! When Mort acquired this note from Hickman-Oakes they provided a certificate that guaranteed a one-third rebate in purchase price if another appeared within six years. It took 19 years so Oakes is off the hook! John was right, it's a heck of a rare note. Signed by T.D. McArthur, President and C.E. Herzog, Cashier. Certificate is included.
Grade: VF    Bank Name: Tracy, First NB, M4992
Lot #354 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 624 $10 1902ND
Truman, NB, M6364
There was just one national bank in this town. The census indicates just eight large notes recorded, with three public offerings. This evenly circulated note has pen signatures of R.G. Vandrey, Vice President and G.M. Seaburg, Cashier. This note was acquired from Glen Jorde.
Grade: Fine    Bank Name: Truman, NB, M6364
Lot #355 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 650 $20 1902ND
Twin Valley, First NB, 6401
A one-bank town in Norman County that has 11 large notes reported. The bank was chartered in 1902, as were many Minnesota banks. This note looks even nicer than its technical grade, and it has exceptional centering and excellent pen signatures of the vice president and Cashier, B.F. Howard. A great name with five public offerings in 60 years. This one was in a 1983 Herb Melnick sale.
Grade: PCGS VF 35    Bank Name: Twin Valley, First NB, 6401
Lot #356 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 635 $10 1902ND
Two Harbors, First NB, M12357
This was the town's second national bank, chartered some 18 years after the first one failed in 1905. That bank is unknown. This bank chartered in 1923 and has 12 large notes recorded in the census, with numerous offerings both large and small size. Evenly circulated with excellent pen signatures of John Barton, President and Wm. G. Peterson, Cashier.
Grade: F/VF    Bank Name: Two Harbors, First NB, M12357
Lot #357 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 5,000.00)
Fr. 634 $10 1902ND
Tyler, First NB, 6203
Never before has a note from this community's only national bank been offered for public sale within the hobby. There are four surviving examples of each, large and small size, but they have never been available. This is the best of the large size notes and it has excellent pen signatures of A.W. Magandy, President and M. Glemmstad, Cashier. It will be trouble to find another.
Grade: VF    Bank Name: Tyler, First NB, 6203
Lot #358 - National Bank Notes > Minnesota - ($ 5,000.00 - $ 10,000.00)
Fr. 624 $10 1902ND
Ulen, First NB, M7081
This town was the birthplace of prominent former currency dealer and current grading company executive, Glen Jorde. There are four large notes recorded from the bank that closed in 1924. The only public offering came through Lyn Knight Auctions in 1998 when the note realized $4,840. No doubt this is truly a tough town. The note has excellent pen signatures of J.W. Meighen, President and E.A. Westin, Cashier.
Grade: F/VF    Bank Name: Ulen, First NB, M7081
Lot #359 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 555 $20 1882DB
Verndale, First NB, M6022
This bank was the town's only national bank. It was chartered early enough to issue Second Charters, of which this is the sole survivor. There are 11 large notes recorded with three public offerings, but no others for this type. It's a very nice VF with excellent pen signatures of the Frazier family, S.L. Frazier, Vice President and E. Frazier, Cashier.
Grade: VF +    Bank Name: Verndale, First NB, M6022
Lot #360 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 624 $10 1902ND
Virginia, First NB, 6527
A one-bank town bank in northern Minnesota that has 12 large notes recorded and plenty of small size. There have been four different notes offered publicly. A sharp note with one slightly rounded corner. A penned signature of A.E. Shipley, Cashier and a stamped signature for S.R. Kirby, President.
Grade: VF    Bank Name: Virginia, First NB, 6527
Lot #361 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 650 $20 1902ND
Wabasha, First NB, 3100
This one-bank town is often seen in small size but this will only be the third note out of ten reported to be publicly offered. Apparently this is one of three high-grade examples that could be the best. Regardless, it's a peach with great originality and lovely stamped signatures.
Grade: PCGS Abt. New 53 PPQ    Bank Name: Wabasha, First NB, 3100
Lot #362 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 606 $5 1902ND
Waconia, First NB, 11410
This one-bank community bank, chartered in 1919, printed only $5 large and small size notes. There are five large notes recorded and only a single public offering, but three times in 12 years. The bottom trim is tight but the pen signatures are clear, if you know what you're looking for.
Grade: VF    Bank Name: Waconia, First NB, 11410
Lot #363 - National Bank Notes > Minnesota - ($ 10,000.00 - $ 15,000.00)
Fr. 513 $50 1882BB
Wadena, First NB, 4821
It's wonderful how some national banks just wanted to issue high denominations for ease, and I would say they wanted primarily that in 1892 when this bank was chartered. There are nine $50 Brownbacks listed in the census and all show little, if any, circulation. The only problem is all seem to be cut a little tight, possibly by an improperly set cutting machine. Like this one, others also have excellent penned signatures and great color. There is no other way to get this type for Minnesota, at least not easily.
Grade: PCGS Abt. New 50 PPQ    Bank Name: Wadena, First NB, 4821
Lot #364 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 472 $5 1882BB
Wadena, Merchants NB, M4916
I'm surprised this note hasn't been upgraded as there have been better notes around. Eighteen large size are recorded and 10 public offerings. This note has lots of wear and tape on the back but it's the only $5 Brownback. The pen signatures are there but hard to read.
Grade: Good    Bank Name: Wadena, Merchants NB, M4916
Lot #365 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 635 $10 1902ND
Wadena, NB, 12507
This bank was chartered with this title in 1924 and issued a scant 1,000 sheets before changing to the First National Bank in Wadena in 1925. There are only three notes reported with this title and only a single public offering of either title, but I can't determine which one it is. Decent signatures of Asher Murray, President and W.E. Parker, Cashier, he was also the cashier on charter #4916. The bottom margin is very close.
Grade: VF/XF    Bank Name: Wadena, NB, 12507
Lot #366 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 5,000.00)
Fr. 626 $10 1902ND
Walker, First NB, M8476
This bank was chartered in 1906 and it issued very few Red Seals and 3,472 sheets of Blue Seals. This is a lovely note, both fresh and well-centered, with bold, blue pen signatures of I.P. Staede, President, and A. Stark, Cashier. I've never even seen a large note outside of this collection. A real prize for any collector.
Grade: VF 35    Bank Name: Walker, First NB, M8476
Lot #367 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,500.00)
Fr. 659 $20 1902ND
Warren, First NB, M5866
This town had two national banks and this was the earliest, chartered in 1901 and closing in 1925 without issuing any small size notes. Only three notes have been publicly offered of the 11 large notes reported. The penned signature of R.E. Thomas, Cashier is clear but the president's was probably done with watered-down rubber-stamp ink which is gone. It appears to have been mounted once upon a time. This is probably the finest known on the bank.
Grade: VF +    Bank Name: Warren, First NB, M5866
Lot #368 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 658 $20 1902ND
Warren, NB, M11286
This was the second bank chartered (1918) in town and it was placed into receivership in 1925, with only 1,960 sheets printed. Five of the 11 large size notes recorded have had public offerings. This note has a penned signature of A.A. Johnson, Cashier and a purple stamped signature of C. Wittensten, President, as was often the pattern.
Grade: XF/AU    Bank Name: Warren, NB, M11286
Lot #369 - National Bank Notes > Minnesota - ($ 200.00 - $ 400.00)
Fr. 650 $20 1902ND
Waseca, First NB, M6544
This note has seen better days and that is why there is also a small note in the collection. There are 14 large notes recorded and all are better grade than this one. Maybe father and son dug it up on a scout trip! This note is not very nice.
Grade: Good    Bank Name: Waseca, First NB, M6544
Lot #370 - National Bank Notes > Minnesota - ($ 300.00 - $ 600.00)
Fr. 1801-1 $10 1929T1
Waseca, First NB, 6544
A lovely, high grade small size note of which there are 26 recorded, but only five have had public offerings. Where are all these good notes? Fresh, bright and well centered describes this example.
Grade: Ch. AU    Bank Name: Waseca, First NB, 6544
Lot #371 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 626 $10 1902ND
Waseca, Farmers NB, 9253
This bank was chartered in 1908 and this note from there is a beauty. Pen signed by C.H. Bailer, Cashier and a purple stamped signature of R.P. Ward, President that is lighter. The note is really attractive and well centered. There are eight large notes recorded and four public offerings in the last 20 + years. Finest note known on the bank.
Grade: VF/XF    Bank Name: Waseca, Farmers NB, 9253
Lot #372 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 650 $20 1902ND
Waterville, First NB, M7283
Although there are seven surviving notes recorded on this bank, none have been publicly offered. Just two of the ten small size have. This note is evenly circulated but only the clear pen signature of Geo. E. Greene, President remains, with barely a hint of a cashier's signature.
Grade: Fine    Bank Name: Waterville, First NB, M7283
Lot #373 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 624 $10 1902ND
Welcome, NB, M6331
A very high grade note, with excellent pen signatures, from this friendly town that welcomes you. There are 11 large notes reported on the bank with six public offerings. Another GREAT Minnesota town name.
Grade: V/XF    Bank Name: Welcome, NB, M6331
Lot #374 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 533 $5 1882DB
Wells, First NB, M4669
This bank was chartered in 1891 and issued Brownbacks, among others. This is a pretty 1882 Dateback with excellent pen signatures of M.J. Pihl, President and Geo. Schwartz, Assistant Cashier. There are 12 large notes recorded with seven public offerings. Neither bank issued any small size. A pleasing VF example.
Grade: VF    Bank Name: Wells, First NB, M4669
Lot #375 - National Bank Notes > Minnesota - ($ 500.00 - $ 1,000.00)
Fr. 628 $10 1902ND
Wells, First NB, M4669
Here is a back-up for the First National Bank of Wells. This Blue Seal has excellent pen signatures of Miles Draper, Vice President and Grace B. Matthew, Assistant Cashier. A decent example but there are three heavy folds. Still a tough location with just 12 large notes recorded.
Grade: F/VF    Bank Name: Wells, First NB, M4669
Lot #376 - National Bank Notes > Minnesota - ($ 2,000.00 - $ 4,000.00)
Fr. 624 $10 1902ND
Wells, NB, M6788
This was the town's second national bank, chartered 12 years after the first, but they both closed within six months. This is a sharp VF with decent body and excellent pen signatures of H.W. Buscho, Vice President and E. Schroeder, Cashier. Similar to two others of the five large notes recorded.
Grade: VF +    Bank Name: Wells, NB, M6788
Lot #377 - National Bank Notes > Minnesota - ($ 750.00 - $ 1,250.00)
Fr. 606 $5 1902ND
Wendell, First NB, 10898
This was the only bank chartered in town, and it wasn't until 1918. There are 12 large notes reported on the bank. This is a very pretty VF with excellent pen signatures of two members of the Mobraaten family. Certainly near the best known.
Grade: VF +    Bank Name: Wendell, First NB, 10898
Lot #378 - National Bank Notes > Minnesota - ($ 600.00 - $ 1,200.00)
Fr. 633 $10 1902ND
West Concord, First NB, M5362
This small community was home to two national banks that seem related but have different charters. This bank was established in 1900 and closed in June 1934. While the new First National Bank in West Concord lists opening in May 1934. This note has excellent purple stamped signatures of J.C. Schmidt, President and W.T. Schmidt, Cashier. There are 19 large notes reported, with eight public offerings.
Grade: VF +    Bank Name: West Concord, First NB, M5362
Lot #379 - National Bank Notes > Minnesota - ($ 3,000.00 - $ 5,000.00)
Fr. 1801-2 $10 1929T2
West Concord, First NB, 14167
This is a scarce 14000 charter bank, #14167 to be precise. There are five small notes recorded but no public offerings of this scarce and popular charter bank. This example is a pleasing VF. Only 1,625 notes printed! Not sheets...notes!
Grade: VF    Bank Name: West Concord, First NB, 14167
Lot #380 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 599 $5 1902ND
West Minneapolis, First NB, 7958
This bank, in 1929, was Hopkins. The 18 large notes recorded all have this title. This note has rubber-stamped signatures of F.H. Kriz, President and Emil G. Sauba, Cashier. A nice looking example of this bank.
Grade: VF +    Bank Name: West Minneapolis, First NB, 7958
Lot #381 - National Bank Notes > Minnesota - ($ 1,750.00 - $ 2,750.00)
Fr. 635 $10 1902ND
West Minneapolis, Security NB, 12518
This town must have officially changed names or it's odd that both title changes occurred at the same time. This bank is very scarce in large size with only five notes recorded. This must be the best known. There have been two public offerings and in 2001 we sold a Fine for $2,530.
Grade: VF +    Bank Name: West Minneapolis, Security NB, 12518
Lot #382 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 642 $10 1902DB
Westbrook, First NB, M6412
A beautiful example of a note from this one-bank town in Cottonwood County. There are six large notes recorded but none close to the quality of this one. There has only been one public offering and that note was a dog. This note has wispy but clear pen signatures of John E. Nelson, Vice President and J.A. Pierson, Cashier. The bottom margin could be larger, but it's not.
Grade: VF/XF    Bank Name: Westbrook, First NB, M6412
Lot #383 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 545 $10 1882DB
Wheaton, First NB, M6035
I'm surprised that this town had two national banks. The census shows nine large notes reported and three public offerings on the bank. This note could be the second best known. Penned signature of Oscar F. Olson, Cashier and a purple stamped signature of David Barton, President.
Grade: VF +    Bank Name: Wheaton, First NB, M6035
Lot #384 - National Bank Notes > Minnesota - ($ 7,500.00 - $ 12,500.00)
Fr. 652 $20 1902ND
Wheaton, NB, 8993
This was the second national bank chartered in town. It was in business from 1908 to 1929 and printed only 1,405 sheets. From that issue only two notes are known to exist and neither has been publicly offered. This example is by far the finest known. The signatures follow the pattern of a penned signature by G. Kristensen, Cashier and a purple stamped signature of H. Rustad, President. I guess they didn't know it would matter to us.
Grade: VF/XF    Bank Name: Wheaton, NB, 8993
Lot #385 - National Bank Notes > Minnesota - ($ 400.00 - $ 800.00)
Fr. 608 $5 1902ND
Willmar, First NB, M6151
It is quite surprising that this bank, with 25 large notes reported, has only had four public offerings, but that's why they are scarce because many are tightly held. Baby-blue signatures of C.W. Odell, President and J. Albert Peterson, Cashier. This note is nice but there are better ones known, yet they are hard to come up with.
Grade: VF    Bank Name: Willmar, First NB, M6151
Lot #386 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 545 $10 1882DB
Wilmont, First NB, M5301
Here is a town I don't ever remember handling. There are seven large notes reported from the town's only bank, chartered in 1900. The bank issued mostly Second Charters and a few 1902 Plainbacks. This 1882 Dateback is evenly circulated but the stamped signatures are just a dream now. There have been three different notes publicly offered on the bank.
Grade: VG/Fine    Bank Name: Wilmont, First NB, M5301
Lot #387 - National Bank Notes > Minnesota - ($ 1,250.00 - $ 1,750.00)
Fr. 632 $10 1902ND
Windom, First NB, M5063
This was the earliest of the town's two national banks, chartered in 1897 and issuing through small size notes. This note is very nice with blue stamped signatures of W.J. Clark, President and T.A. Perkins, Cashier. It bears a date of April 5, 1917 which is odd, but it's a very nice note.
Grade: VF +    Bank Name: Windom, First NB, M5063
Lot #388 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 624 $10 1902ND
Windom, NB, 6396
Based on the double serial numbers, this is a later printing for this bank, chartered in 1902. There are nine large notes recorded but only three public offerings. This very nice note is in the top one-third of the notes reported. It has excellent pen signatures of M.L. Frich, Vice President and J.J. Rupp, Cashier.
Grade: VF +    Bank Name: Windom, NB, 6396
Lot #389 - National Bank Notes > Minnesota - ($ 4,000.00 - $ 8,000.00)
Fr. 555 $20 1882DB
Winnebago City, First NB, M5406
The note listed below is without 'City' in the title but they must be the same place, they are in the same county. This example is equal to or better than any other on the bank. There are just seven large notes recorded with three public offerings. This note is listed as UNC in the census but it's clearly not. It is a beautiful note with excellent signatures, penned by J.A. Babcock, Assistant Cashier and stamped for J.E. Rorman, President.
Grade: XF    Bank Name: Winnebago City, First NB, M5406
Lot #390 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 630 $10 1902ND
Winnebago, Blue Earth Valley NB, M10393
A great name for a bank and it's on a lovely note. The census shows 12 large notes reported and just five public offerings. Excellent pen signatures of J.F. Scholl, Vice President and E.F. Arndt, Cashier. A very pretty note that is hard to find.
Grade: VF +    Bank Name: Winnebago, Blue Earth Valley NB, M10393
Lot #391 - National Bank Notes > Minnesota - ($ 12,500.00 - $ 17,500.00)
Fr. 397 $5 Original #2
Winona, First NB, 550
This was Winona's earliest national bank, chartered in 1864 and closed in 1884, either from expiration of charter or as the predecessor to the National Bank of Winona, which was chartered in 1884 and took this title in 1886. I'm not sure, but it's a good bet. There were seven national banks chartered in Winona between 1864 and 1935, making it a big influence on Minnesota banking at the time. This is the only note ever sold on this bank, and in 1999 it realized $13,200 in fierce competition. It should see plenty this time around as well.
Grade: PCGS XF 45 PPQ    Bank Name: Winona, First NB, 550
Lot #392 - National Bank Notes > Minnesota - ($ 10,000.00 - $ 20,000.00)
Fr. 382 $1 Original
Winona, Deposit NB, 1782
This bank was not around for very long and both earlier banks were out early as well. The bank was chartered in 1871 and was liquidated in 1877. They only issued Original Series notes, $1, $2, $5, $10 and $20, with just 9,008 total sheets printed. The pen signatures are from members of the Lamberton family. I'm trying to decipher them but that's not my specialty. By 1910 records indicate $938 outstanding for the bank.
Grade: Fine    Bank Name: Winona, Deposit NB, 1782
Lot #393 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 540 $10 1882DB
Winona, Second NB, M1842
Who would ever think the Second National Bank would be the town's fourth national bank by 1871? This bank closed in 1910 and it has 20 large notes recorded, with just three notes of this late issue. The note has lightly stamped signatures of Wm. H. Laird, President and E.E. Shepard, Cashier and several tiny rust spots. A good shop note.
Grade: VF/XF    Bank Name: Winona, Second NB, M1842
Lot #394 - National Bank Notes > Minnesota - ($ 3,500.00 - $ 6,500.00)
Fr. 382 $1 Original
Winona, Merchants NB, 2268
This bank was chartered in 1875 and closed in 1879 but notes were saved and 29 have been recorded. If it wasn't for this hoard, First Charter $1s and $2s from Minnesota would be nearly impossible, so I tip my hat to whoever saved them. A great opportunity to get a lovely Ace with great centering. This variety has the charter number, making it typically produced from 1873 to 1875. Signed Mark Willson, President, and H.F. Gilbert, Cashier
Grade: PCGS Ch. New 63    Bank Name: Winona, Merchants NB, 2268
Lot #395 - National Bank Notes > Minnesota - ($ 1,000.00 - $ 2,000.00)
Fr. 482 $10 1882BB
Winona, First NB, 3224
This bank was chartered as the National Bank of Winona, of which one note is recorded. In 1886 it took the First National Bank title that was used from 1864 to 1884. I believe their charter expired and they may have then combined on this charter. The stamped signature of Earle S. Yeomens, President is clear but the penned cashier's defies my imagination. The note is evenly circulated and basically problem free.
Grade: Fine +    Bank Name: Winona, First NB, 3224
Lot #396 - National Bank Notes > Minnesota - ($ 300.00 - $ 600.00)
Fr. 1802-2 $20 1929T2
Winona, National & Savings Bank, 10865
This title was adopted in 1928 but the original name was Winona National Bank (no notes issued). This title issued all Type 2 notes, $5s through $100s. This $20 is high grade.
Grade: XF/AU    Bank Name: Winona, National & Savings Bank, 10865
Lot #397 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 5,000.00)
Fr. 650 $20 1902ND
Winthrop, First NB, M7014
This town had two national banks, this one issued large and small size while the other issued just small size. There are four large notes recorded on this bank but only a single public offering in its history. This note is evenly circulated with excellent pen signatures of J. Aug. Swanson, President and E.W. Olson, Cashier. It's a tough bank in large size.
Grade: Fine +    Bank Name: Winthrop, First NB, M7014
Lot #398 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 3,000.00)
Fr. 1800-2 $5 1929T2
Winthrop, First NB, 14042
These really late charters, 14000 and above, are all small size and seldom available. I have a feeling Col. Green didn't get many sheets this late, but I could be wrong. The census shows 10 small notes recorded on this bank, with only two public offerings, so it's scarce.
Grade: VF/XF    Bank Name: Winthrop, First NB, 14042
Lot #399 - National Bank Notes > Minnesota - ($ 1,500.00 - $ 2,500.00)
Fr. 650 $20 1902ND
Woodstock, First NB, M7625
A very nice note from this small, one-bank community bank that issued notes from 1905 to 1933. There are surprisingly eight large and seven small notes recorded, with just three large and one small size publicly offered. It seems like a tough town to me. Great penned signatures of Geo. Klosterman, Assistant Cashier and stamped for Edward W. Davies, President.
Grade: VF/XF    Bank Name: Woodstock, First NB, M7625
Lot #400 - National Bank Notes > Minnesota - ($ 2,500.00 - $ 3,500.00)
Fr. 555 $20 1882DB
Worthington, Citizens NB, M5910
The town's earliest bank is unreported and this bank issued only large size notes from 1901 to 1924. This is a nice looking note with pen signatures of Ernest Thompson, Vice President and Henry Nystrom, Cashier. There are six large notes reported, but only one public offering until now.
Grade: VF    Bank Name: Worthington, Citizens NB, M5910
Lot #401 - National Bank Notes > Minnesota - ($ 500.00 - $ 900.00)
Fr. 600 $5 1902ND
Worthington, NB, 8989
The last bank, alphabetically, in the state is a repeating charter #8989. There are 14 large notes reported and 11 public offerings. A surprisingly high total based on the rest of the state. This note was a late issue and although the pen signatures are clear I can't decipher them.
Grade: VF +    Bank Name: Worthington, NB, 8989