Description
The Palmer National Bank of Palmer, Massachusetts
Fr. 1800 Type 2 | Charter #2324 | Serial A023106 | PMG 35 (Small Stain)
Scarce Massachusetts National Bank Note
Offered here is a desirable 1929 Series $5 National Bank Note issued by The Palmer National Bank of Palmer, Massachusetts, Charter #2324. This attractive small-size national bears serial number A023106 and has been professionally certified by PMG as 35 Choice Very Fine, with the comment “Small Stain.” Despite this minor notation, the note retains strong eye appeal and remains an appealing example from a scarce Massachusetts issuer.
Limited Census Population
The Palmer National Bank is a challenging charter for collectors of National Bank Notes. Reported census records indicate only 46 Large Size notes and 30 Small Size notes are known from this bank, making any surviving example an important piece of Massachusetts banking history. Notes from smaller New England issuers continue to attract strong collector interest due to their limited availability and historical significance.
History of Palmer, Massachusetts
Located in Hampden County, Palmer is part of the Springfield metropolitan area and has a rich heritage dating back to the early eighteenth century. Originally settled along the Quaboag River, Palmer developed into an important center of transportation and manufacturing. The town is unique for its four historic villages: Palmer, Three Rivers, Thorndike, and Bondsville.
During the nineteenth century, the arrival of major railroad lines transformed Palmer into a regional transportation hub. Textile mills, wire factories, and other manufacturing operations fueled economic growth and created a thriving local business community. Banks such as The Palmer National Bank played a vital role in supporting commerce and industry during this period of expansion.
An Excellent Collector Opportunity
National Bank Notes from Massachusetts remain highly sought after, particularly when associated with scarcer charters. This Fr. 1800 Type 2 example offers collectors an opportunity to acquire a note from a bank with a limited surviving population. Combining historical importance, attractive appearance, and third-party certification, this Palmer issue would make a worthy addition to any National Currency, Massachusetts, or New England paper money collection.
Highlights
- Fr. 1800 Type 2
- Charter #2324
- PMG 35 (Small Stain)
- Serial A023106
- Only 46 Large and 30 Small reported
- Historic Massachusetts National Bank Note
- Desirable New England issuer