This note became known a few weeks ago and I doubted its existence until I was shown pictures. When a new, exciting national comes out we collectors swarm to it like moths on a yard light. That was the case here. I was offered an opportunity to own this note last weekend and lucky for me it turned up in the Des Moines area. I am beyond happy to have this note as part of my collection!The Citizens National Bank of Lyons was chartered on March 23, 1891 and was liquidated on June 11, 1900 and consolidated with Charter #66 The First National Bank of Lyons (at that time it was using Charter #2733). During the banks short life, they issued only 1307 sheets in the 10-10-10-20 format. That is an output of a mere 5,228 notes for a face value of $65,530! This note is the first of that group and bears the signatures of President L(eroi)B. Wadleigh and Cashier Virtus Lund. By 1910 only $1,000 was outstanding. Currently there are only two notes in the census and the other is in the Higgins Museum.
Lyons is now part of Clinton, IA.
Researching United States Postal Notes 1883-1894.
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