A Lazy Deuce discovery note from the rare issues of the Second
National Bank of Lansing, Michigan, has surfaced, making it only the
fifth national bank note of any denomination known from the bank, and
the only one of the $2 denomination.
The Original Series $2 national bank note, Friedberg 387a, is graded
Choice Fine 15 by Paper Money Guaranty and was reported by Liberty
Coin Service, located in Lansing. Tom Coulson, the firm’s CEO, said
the note’s owner was a serious collector from the eastern United
States, who sold him the note in part because of his firm’s location.
Three of the other notes known from the Second National Bank, which
liquidated in 1884, are $1 issues, two from the Original Series and
one from Series 1875. The other is a $5 national of 1875.
The $1 and $2 notes were printed on the same sheet of four, usually
in a combination of $1-$1-$1-$2.
Coulson said, “The US Government only issued 1,600 of these Original
Series $2.00 Notes for the Second National Bank of Lansing. It later
issued 230 more Series of 1875 $2.00 notes for the bank, with no known
survivors. That makes this note the only known surviving $2.00 Note on
any Lansing bank as none of the other banks issued a $2.00.”
Inside Coin World: What causes these unusual
errors? Coins struck by dual misaligned dies and coins
with adjustment marks are among the subjects of our columns this
week, found exclusively in the print and digital editions of Coin World.
The note has the Treasury signatures of Register Stoddard B. Colby
and Treasurer Francis E. Spinner. The bank signatures are of James I.
Mead as president and Joseph Mills as cashier, who served in these
positions from 1864 to 1867.
The $2 national bank note is called a “Lazy Deuce” because of the
large recumbent number 2 on the face, which also has the vignette
Stars and Stripes. The back shows the vignette Sir Walter
Raleigh Presenting Corn and Tobacco to the English.
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