Description
The First National Bank of Angelica, NY • Charter #564 Fr. 401 • PMG Very Fine 20
This 1875 $5 Angelica NY National Bank Note is one of the toughest Southern Tier nationals to acquire, coming from the only issuing bank in Angelica and a charter that closed in 1886. As one of just eight survivors known, this 1875 $5 Angelica NY National Bank Note delivers rarity, history, and collector demand in one brutal frontier‑era package.
A brutal Southern Tier rarity from a one‑bank town that shut down in 1886, leaving collectors with almost nothing to chase. This early Series 1875 $5 is one of just FIVE large‑size survivors in the census — and with ZERO small‑size known, this charter is locked up tighter than any Allegany County issue. A total of EIGHT large on this charter are known in the census.
PMG assigns VF 20, noting only closed pinholes, with the note showing strong color, bold penned signatures, and the kind of honest circulation that makes early 1875s pop. This exact piece hammered in 2017 at Lyn Knight for $2,467.50, and offerings since then have been nearly nonexistent.
Historical Punch
Angelica is one of the earliest frontier settlements in Allegany County, officially formed on February 25, 1805. The town was named for Angelica Schuyler Church, daughter of Revolutionary War icon General Philip Schuyler.
Its founders — Philip Church and Anna Matilda Stewart — literally rode into the wilderness on horseback after rafting west from Philadelphia. They built their first whitewashed cabin on the Genesee River, followed by their 1804 mansion “Belvidere,” which still stands today. This note is a direct artifact of that early frontier economy.
Why This Note Hits Hard
- Only 8 large‑size notes known for the charter
- No small‑size survivors — a true one‑bank ghost town
- Charter closed in 1886, killing supply permanently
- PMG VF 20 with closed pinholes only
- Strong color, bold signatures, excellent eye appeal
- A must‑have for New York nationals, Allegany County collectors, and 1875 specialists
A frontier‑era national from a tiny, historically loaded community — and one of the few Angelica notes that ever sees daylight.
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