Saint Paul, Nebraska. $5 1882 Brown Back. Friedberg 467 (W-711). The Saint Paul NB. Charter #3129. PCGS Currency Superb Gem New 68 PPQ.Boardwalk margins and punch through embossing are featured on this incredible 1882 $5 Brown Back from the Saint Paul National Bank in Nebraska.<p><p>This bank succeeded to the interests of the Howard County Bank and was chartered on February 27, 1884, with an authorized capital of $50,000-the lowest amount permissible under federal regulations. On March 31, 1897, with the capital still at $50,000, the bank was involuntarily liquidated and the business transferred to a state-chartered bank. This was not particularly unusual as state banking regulations were usually less stringent than those of the Treasury Department.<p><p>There are more than a dozen uncut sheets recorded on this bank, some of which have almost certainly been cut over the years to provide the hobby with wonderful high grade examples such as this note. The printed inks are exceptional as are the handwritten bank officers signatures. This is one of the finest $5 Brown Backs we have ever observed. PCGS Currency has graded no finer examples of the catalog number.<p><strong>PCGS Population: </strong>3, none finer.
