Michigan 'Lazy Deuce' national a discovery note
- Published: Jun 25, 2018, 6 AM

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.
Connect with Coin World:
Sign up for our free eNewsletter
Like us on Facebook
Follow us on Twitter
MORE RELATED ARTICLES
Community Comments
Headlines
-
US Coins Feb 22, 2021, 3 PM
ACEF warns of silver scams preying on some customers
-
World Coins Feb 22, 2021, 2 PM
Pobjoy Mint honors nursing profession on new 50-penny coins
-
Paper Money Feb 22, 2021, 1 PM
Critic labels U.S. paper money design as too static, conservative
-
US Coins Feb 22, 2021, 12 PM
Monday Morning Brief for Feb. 22, 2021: Our unchanging notes