1902 $5 Deseret National Bank Note

This Deseret $5 National Bank Note is a scarce piece of Salt Lake City banking history. The Deseret National Bank of Salt Lake City, Utah, issued this $5 Plain Back under Charter #2059.

The note is cataloged as Friedberg FR-602. In addition, it carries serial number 41087.

PMG professionally graded this example Very Fine 20. Therefore, collectors can easily identify both its grade and certification. This charter is also scarce in the census. Only 183 large-size notes and 164 small-size notes are currently listed.

The Deseret National Bank

The Deseret National Bank operated in Salt Lake City, Utah. Its location makes this note especially interesting to collectors of Western National Bank Notes.

Salt Lake City is also the capital of Utah. As a result, currency from this historic banking center remains an interesting area for specialized collectors.

This Deseret $5 National Bank Note provides a direct connection to the city’s banking past.

Napier and McClung Signatures

Another important feature is the signature combination. This note carries the Napier and McClung Treasury signatures.

Those signatures appear as part of the federal design. Therefore, they are useful when identifying and cataloging this particular Friedberg number.

The FR-602 designation also helps collectors distinguish this $5 Plain Back from other National Bank Note varieties.

PMG 20 Very Fine

PMG graded this note 20 Very Fine. Third-party grading provides an independent opinion of the note’s condition.

Additionally, the PMG holder helps protect the currency during normal storage and handling. It also provides convenient identification for the collector.

Salt Lake City Currency for Collectors

National Bank Notes offer collectors many ways to build a collection. For example, collectors may search by state, city, bank, charter number, denomination, or Friedberg number.

This particular note combines several desirable collecting areas. It features a Salt Lake City bank, the $5 denomination, and the popular 1902 Plain Back design.

Overall, this Deseret $5 National Bank Note would make an attractive addition to a Utah currency collection. It also offers an appealing choice for collectors specializing in large-size National Bank Notes.