CVC & Collectables presents an original 1902 Plain Back $20 National Bank Note issued by The Grafton National Bank of Grafton, North Dakota, graded PMG Choice Very Fine 35.
Currency Highlights:
- Issuer: The Grafton National Bank
- City / State: Grafton, North Dakota
- Charter Number: 3096
- Denomination: $20
- Series: 1902 Plain Back
- Friedberg Number: Fr. 650
- Grade: PMG Choice Very Fine 35
- Signatures: Lyons / Roberts
- Vignette: Hugh McCulloch at left; allegorical America seated with U.S. Capitol on reverse
- Paper Type: Large-size National Currency
- Circulation Status: Obsolete
Time Period Context:
This note was issued during the Progressive Era, a time when North Dakota was transitioning from frontier territory to an organized agricultural powerhouse. National bank notes from small towns like Grafton are tangible survivors of America’s rural banking system before the Federal Reserve centralized currency in 1913.
Collectibility:
Large-size $20 National Bank Notes are scarce compared to smaller denominations, and examples from North Dakota remain especially desirable. A Choice VF example with clear details and strong eye appeal makes an excellent addition to any advanced National Currency collection. Find more alike here!
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