The Legacy of National Banknotes in Idaho: Currency from the Gem State

Idaho’s national banknote history reflects a state shaped by mining booms, frontier towns, and agricultural expansion. As railroads carved paths through the Rockies and settlers built communities across the Snake River Plain, local banks emerged to finance trade, development, and civic growth. From the mining camps of Wallace and Hailey to the growing cities of Boise and Lewiston, Idaho’s national banknotes tell a story of grit, ambition, and regional pride.

 

 

A Frontier Network of Issuers

Between 1867 and 1935, 86 national banks across Idaho issued currency, spanning 56 towns and 37 counties. Early institutions like the First National Bank of Boise City (Charter #1668) and the Boise City National Bank (Charter #3471) helped anchor the financial system during the territorial years. Banks in towns such as Cottonwood, Blackfoot, and Kellogg issued notes that circulated through general stores, rail depots, and mining camps—each bearing the signatures of local bankers and the imprint of their communities.

 

 

Currency as a Chronicle of Idaho Identity

Idaho national banknotes offer a vivid portrait of the state’s economic and cultural diversity. A $5 Series 1902 Plain Back from the First National Bank of Malad City, signed by H.W. Thomas and Jedd Jones, exemplifies the artistry and rarity of early currency. Notes from banks in Driggs, Rexburg, and American Falls reflect the state’s evolving industries—from silver and timber to potatoes and tourism. With only about 1,400 Idaho national banknotes reported in collector circles, surviving examples are especially valued for their scarcity and historical significance.

 

 

Conclusion

Today, Idaho national banknotes are cherished artifacts of Western finance and frontier heritage. Whether issued in the shadow of the Sawtooth Mountains or the quiet streets of a prairie town, each note is a tangible link to the people and institutions that shaped the Gem State. In the broader narrative of American currency, Idaho’s contribution stands as a testament to resilience, enterprise, and enduring legacy.

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