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National Bank Notes > North Dakota

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Cooperstown, First NB, W5375
Fr. 574 $5 1882VB
Grade: PMG VF 25    

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A very nice $5 Value Back that is the highest grade of the three Value Backs recorded; only the color of the ink changed on the stamp pad. This is a very tough type with 22 reported on the entire state and only two are $5s, both from this location. Cooperstown, located in east central North Dakota near the Sheyenne River Valley, is the county seat of Griggs County. The population was 984 at the 2010 census, with a peak of 1,485 in 1970. The community was named for bonanza farmer Rollin C. Cooper and his brother Thomas, who had come to North Dakota in 1880 after some successful mining ventures in Colorado. The site was platted in October 1882, and the post office was established December 28, 1882 with George W. Barnard as Postmaster. Cooperstown was incorporated as a village in 1892 and as a city in 1906. Cooperstown became the county seat November 7, 1882 after a bitter fight with Hope. The Northern Pacific Railroad reached here in 1883. Edwin Reiten founded the well-known plow manufacturing firm here in 1937.

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