DescriptionFairmont, VA- Fairmont Bank $5 18__ G2 J-L BF05-16 Proof PMG Choice Uncirculated 63.
The bank was organized as a free bank in 1851 and continued on that basis until approximately 1859-60 when it reverted back to a chartered bank basis. The bank, located in what became West Virginia in 1863, went on to become the First National Bank of Fairmont in 1865. This note, which is printed on India paper mounted on cardstock with the usual POCs in the signature lines, displays the state free banking die at right center, indicating that this note was to be used as a free bank issue. This die was later replaced by a female portrait sometime in 1859-60. Three examples of this note appeared in the 1990 ABNCo Archives sale and Haxby was aware of proofs. This suggests a surviving population of perhaps four or five notes. The following $5 note from this bank shows how the design was changed in 1859-60.
From the Michael S. Tallent Collection
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