1865 $20 Bill Deep River National Bank value $4,800 or more in Extremely Fine condition. Value depends on condition.
That said, this is one of my favorite notes. I grew up in the Chester, Deep River and Essex tri-town area. These three Connecticut River towns are bucolic, quaint and picturesque. They were formerly part of the Saybrook Colony established in 1635.
Explain 1865 $20 Bill Deep River National Bank Value
Do you have a 1865 $20 National Bank Note from Deep River, Connecticut? It would be a great addition to the collecting community.
The bank began operating on January 1, 1849, located on 151 Main Street, Deep River. First it was called the Deep River Bank and Trust Company. Later, it was given charter #1139 in 1865. Its official name was the Deep River National Bank of Deep River, Connecticut. Directors of the Deep River Savings Bank were also involved with the National Bank.
In 1899, R.P. Spencer was President, H.R. Wooster was Vice President and R.L. Selden, Jr. was cashier. These men may have autographed many notes. Locals will recognize the bank officer names. Descendants still live in the area. The Chester ferry bears the “Selden” family name. Also, the Seldens were a prominent Haddam name.
The bank ceased issuing currency in 1935. However, 1865 $20 Bill Deep River National Bank notes remained outstanding. People redeemed most notes. Others became souvenirs. This bank’s 70 year lifespan means its notes aren’t too rare. Nonetheless, notes in excellent shape from 1865-1882 command an above average appraisal.
Subsequently, the bank began commercial operation. It merged for the first time on November 11, 1974 becoming part of North Branford’s Community Banking Company. Ownership and operators changed many times afterwards. Eventually it became home to a Citizens Bank branch office. The building is different from its original structure. It was renovated many times since original construction. But the hometown service and friendly faces remain the same. And a short walk across the road leads to the historic Deep River Library.
Deep River, CT Wiki
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|Charter||#1139 Deep River National Bank of Deep River, Connecticut|
|Year Chartered||1865, 944 Banks Chartered|
|City Info||Deep River is a town in Middlesex County, Connecticut, United States. The population was 4,629 at the 2010 census. The town center is also designated by the U.S. Census Bureau as a census-designated place. Deep River is part of what the locals call the "Tri-town Area" made up of Deep River, Chester, and Essex, Connecticut. Source: Wikipedia|
|Similar Cities||City name is unique, no others like it.|
|Seal Varieties||Red with rays|
|See Also||If your note doesn't match try:|
1. 1861 $20 Demand Note
2. 1864 $20 Compound Interest Treasury Note
3. 1863 $20 Compound Interest Treasury Note
4. 1863 $20 Gold Certificate
5. 1864 $20 Interest Bearing Note
6. 1863 $20 Interest Bearing Note
7. 1862 $20 Legal Tender
|Other Info||1. Value depends on notes known for charter, condition and market demand.|
|Neat Fact||Banks could issue up to 90 percent of the par value of all bonds and securities on deposit with the Treasurer. (Kelly, 5th Ed. P1)|
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