First National Bank
of Ceylon, Minnesota
Large Size - 2nd Charter
Date Back - US$20

National US$20 bank Notes issued in late 1908 by the First National Bank of Ceylon, Minnesota with Charter Number 6029. Uses the front plate of the Brown Back issued in 1901 when the Bank was founded with modified security clause, but with the same date Oct. 4, 1901 and Treasury Signatures. The Bureau of Engraving and Printing certified Proof in National Numismatic Collection has date 1908-08-27.
Denomination : $20
English : Twenty Dollars
State : Minnesota
City : Ceylon
Bank : First National
Charter : 6029 M
Seal Color : Blue
Size : 189x79 mm
Date on Note : Oct. 4, 1901
Year of Issue : 1908
Front Design : 1882
Back Plate Type: Date Back
Bank Serials : 1 - 1670
Plate Prefix : B
Printed Notes : 1670
Known Notes : 4 (T&P)
Status : Signed 3
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Click on image to see 2 more known notes & Certified Proof
Fr. 555 $20 1882 DB FNB

Front: Printed in Black the Engravings:
On left, 1775 April 19 Battle of Lexington with a Rifleman shooting, one reloading, one injured on ground tended by Female, total of six persons.
On right, Columbia leading Procession with US Flag and Five other persons shown. Word Loyalty above
Large Numeric 20 on upper left and right.
In Middle NATIONAL CURRENCY in Arc on Top. Below THIS NOTE IS SECURED BY BONDS OF THE UNITED STATES OR OTHER SECURITIES in 4 arcs/lines. THE FIRST NATIONAL BANK OF CEYLON Will pay TWENTY DOLLARS on demand MINNESOTA in 7 arcs/lines. Ceylon, Minn and Oct. 4 1901 on either side of FIRST.
Above US Treasury Signatures:
On left J. W. Lyons Register of the Treasury (1898-04-07-1906-04-01)
On right Ellis H. Roberts of New York, Treasurer of the United States (1897-07-01 to 1905-06-30).
Labeled space at bottom for hand Signatures of Bank
(1274) F. C. Henningsen (1908-13) Cashr on left and John Dows (1902-10) Prest on right.
(1454,1517) F. H. Koenecke (1914-32) Cashr on left and A. R. Butler (1914-19) Prest on right.
Multiple times along Border Charter No 6029 and value as 20 XX Twenty
Plate position A or B on lower left and upper right.
Border bottom middle in small text BUREAU OF ENGRAVING AND PRINTING
Over printed in Blue Bank Serial Number on lower left and National Serial Number on upper right. Large Charter Number 6029 with Seal below right of middle. The large M indicates that Ceylon MN is in Mid West to simplify sorting to regions.
Back: Large Dates 1882 * 1908 within central oval panel. Numeric 20 on upper and XX on lower corners.
Engravings within ovals.
on left, Perched Eagle with stretched wings on a bundle of 10 logs. Above overlapping US with 17 stars along periphery.
on right, Perched Eagle with looking left on a twig and US Flag to right. U.S. below. NATIONAL CURRENCY on left and right of top and Bottom borders.
Upper cneter panelTHIS NOTE IS RECEIVABLE AT PAR IN ALL PARTS OF THE UNITED STATES, IN PAYMENT OF ALL TAXES AND EXCISES AND ALL OTHER DUES TO THE UNITED STATES. EXCEPT DUTIES IMPORTS AND ALSO SALARIES AND OTHER DEBTS, DEMANDS OWING, BY THE UNITED STATES TO INDIVIDUALS, CORPORATIONS & ASSOCIATIONS WITHIN THE UNITED STATES, EXCEPT INTEREST ON PUBLIC DEBT.
Lower center panelCOUNTERFEITING OR ALTERING THIS NOTE OR PASSING COUNTERFEIT OR ALTERATION OF IT, OR HAVING POSSESSION OF ANY FALSE OR COUNTERFEIT PLATE OR IMPRESSIONS OF IT, OR ANY PAPER MADE IN IMITATION OF THE PAPER ON WHICH IT IS PRINTED, IS FELONY. AND PUNISHABLE BY $1,000 FINE OR 15 YEARS IMPRISONMENT AT HARD LABOR OR BOTH.

The Act of July 12, 1882 allowed existing National Banks to receive a 20 year extension, and also called for a new series of note designs to be issued. Date Backs were the second of the Series 1882 Types to be issued, and were so named due to the 1882 * 1908 dates printed on their backs. They were first issued in 1908, as a result of the Aldrich-Vreeland Act, which allowed additional securities to back increased note circulation during financial emergencies, as is stated by new security clause on the face of the notes, Secured by Bonds of the United States or Other Securities. *


Auctions

Year Date Type $ Grade By PQ Sold US$Serial No P Auction Date Source LotImg
1908 1901-10-41882DB 2012 1,559.40M650572 1274B 2005/08/31 Lyn Knight A. 2228 Y
1908 1901-10-41882DB 2025 1,610.00R161045 1517B 2010/08/31 Lyn Knight A. 69 Y
1908 1901-10-41882DB 2035 PCGS 1,410.00N526792 1454B 2016/01/07 Heritage A. 19283 Y

Based on signatures done by hamd at time of issue, Serial 1274 was issued between 1908-10 and Serials 1454 & 1517 between 1914-19

Click for References and other notes from Ceylon, MN, USA