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Cody71086

Last year I was able to acquire a fantastic Iowa note from out of the weeds – The Citizen’s National Bank of Lyons, Iowa Serial #1 $5 Brown Back. I figured that was my 15 minutes and the last “great” note I would be able to buy.

Marshalltown is one of the – if not THE – toughest multi-bank town in Iowa. Marshalltown was home to 4 charters: #411 The First National Bank, #2115 The Farmers National Bank, #2971 The Commercial National Bank, and #4359 The City National Bank. For many years the only “available” bank was the First National as the rest were unreported or in the Higgins Museum. Then some years ago, three $5 Brown Backs from the City National turned up in Kansas. The Commercial is still unreported.

The Higgins had the only example from the Farmers NB in their collection...until about a month ago when this note was brought to my attention. The Farmers NB was one of Iowa’s shortest-lived institutions lasting from June, 1873 to September, 1875. During that time, they issued only 1590 sheets of the $5 denomination only. By 1910 the outstanding had dwindled to $125. It’s amazing one note survived on this bank let alone two. Cashier John Turner and President H. E. J. Boardman sign this note. Surprisingly this bank had two cashiers in it's short life. John Turner was the second and this note is from ca. 1874-1875.

The overprint is slightly faded due to time being displayed in a picture frame (which is the reason it survived in the first place). If another note turned up on this bank other than a serial #1 I would be shocked, but stranger things have happened. Including this note, there are only 13 notes known from all Marshalltown charters combined! As a farm boy I am partial to these titles and I’m grateful I was able to make the deal to have this note for my collection.
fullsizeoutput_107.jpeg fullsizeoutput_109.jpeg 

Sets I'm Working On: Iowa Nationals by County - Iowa Nationals by Town: A-J - Iowa Nationals by Town: K-W - Chicago 1929 Small Size National Bank Notes - By Charter - Chicago 1929 Small Size National Bank Notes - By Charter and Denomination

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Springfield
Congratulations on being able to find such a special note as well as being able to add it to your collection.  
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cpolen
Congrats, awesome pickup!
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HoneyBadger
Awesome, Cody! Always enjoy reading your posts!
FRN Collections Complete - 1928-1934 LGS: $5 [87%] - $10 [37%] - $20 [2%] - $50 [6%] - $100 [0%] - $500 [0%]

http://www.1928notes.com - If you have a new note to add, please let me know.
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Numbersman
Holy sheep dip!
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Scooter1
Congratulations on the find Cody 👍
I also enjoy reading your posts with the stories behind the notes.
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Jim61
+1!!! Cody, fantastic, happy for you and your new acquisition!
Looking for:
Any small size UNC $1 FRN with serial 16977961.
2009 $1 LX end -61 - CU.
1935A $1 CC HAWAII end -61 raw or PCGS CU or better, PMG ok.
World serial 00000061.
World replacements serials ending -61.
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gnat
Like finding a needle in a Haystack (to use a "farm" analogy). Big congratulations on adding such a cool note. That all of its minuscule and short lived issue were apparently Original First Charters, makes its survival even more amazing.
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Steve in Tampa
Scooter1 wrote:
Congratulations on the find Cody 👍
I also enjoy reading your posts with the stories behind the notes.


+ 1 Fantastic find Cody, congratulations bud.
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TennisCoach
An exciting addition for sure, even the type is a cool.  Well done Cody!
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whybee
Great background story even without the note, adding the note just wow. Congrats!
Mike
Interested in Maryland nationals and obsoletes
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TookyBandit
Epic score, congratulations!!
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nirvana
Thanks for posting! From your post I can sense your adrenaline is still flowing.
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maxcrusha (aka Greg)
congrats!  sweet!
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tigertrader

Outstanding Acquisition!!! ðŸ‘

I love posts where the enthusiasm is so evident! 
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Cody71086
Back from the plastic factory today. You can imagine my relief with all of the stuff going on!

Original $5 1477A.jpg  Original $5 1477B.jpg 
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Steve in Tampa
Congratulations Cody. Cool to see your name on the holder too.
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McLovin
Very nice.  I guess you won't be flipping this one😁
Monkey, because a vest has no sleeves
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Shawn Hewitt
Way to go, Cody!  Love it.
R. Shawn Hewitt
President
Society of Paper Money Collectors
http://www.spmc.org

Collecting interests:  Minnesota Nice  Minnesota Bank Note Set  Pre-Star Replacement Notes
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