Old Money from The Arizona National Bank Of Tucson | 4440
The Arizona National Bank Of Tucson
The Arizona National Bank Of Tucson in Arizona printed $785,350 dollars worth of national currency. That is a high amount, but condition and serial numbers can make otherwise common currency from this bank quite valuable. This national bank opened in 1890 and stopped printing money in 1928, which equals a 39 year printing period. That is a fairly normal lifespan for a national bank. During its life, The Arizona National Bank Of Tucson issued 8 different types and denominations of national currency. We have examples of the types listed below. Your bank note should look similar. Just the bank name will be different. For the record, The Arizona National Bank Of Tucson was located in Pima County. It was assigned charter number 4440.
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The Arizona National Bank Of Tucson in Arizona printed 633 sheets of $50 1882 territorial brown back national bank notes. A print run under 1,000 will get the attention of most people. Combine that with a territorial and you have a real winner. The $50 1882 territorial brown back is a great rarity. Only two are known to exist. You have to remember that $50 was a large sum of money during the time these were originally printed, which started in 1882 and lasted until 1908 (on very rare occasions). People could save a coin or maybe even a five dollar bill as a curiosity item or a keepsake. No one really wanted to tie up $50 for the foreseeable future. There was no collectible paper currency market until the 1950s. So even if you had something like this sixty years after it was originally printed, it was still just worth the face value of $50. Of course that has all changed today. These are now great rarities appreciated by the collecting hobby.
Series of 1882 $50 Territorial Brown Back
The Arizona National Bank Of Tucson printed 633 sheets of $100 1882 territorial brown back national bank notes. That is the same output for individual $50 bills. Most regular issue $100 brown backs are worth around $5,000. However, we are talking about territorial $100 brown backs. These are much rarer. In fact, they were only printed by a total of 25 different national banks and only about ten are known to exist! So needless to say, these are quite rare. This high denomination was printed by all of the usual territories you expect to see: Montana, Washington, Arizona, Hawaii, North Dakota, New Mexico, Oklahoma, South Dakota, and Utah. The notes that are known to exist are split between Oklahoma, Utah, and New Mexico. So if you have a new state, then that will certainly be in demand.
Series of 1882 $100 Territorial Brown Back
The Arizona National Bank Of Tucson also printed 236 sheets of $50 1882 territorial blue seal national bank notes. That is a remarkably small number. Any note known to exist from a print run like that would be a true statistical miracle of survival. 1882 $50 territorial date back blue seals were only printed by three different banks. Those banks were in Honolulu, Tucson, and Albuquerque. Amazingly, there is an example known to exist from each bank.
1882 Blue Seal $50 Territorial National Bank Note
The Arizona National Bank Of Tucson also printed 236 sheets of $100 1882 territorial blue seal national bank notes. Fifty and one hundred dollar bills were printed on the same sheets, so the output is the same. If you thought 1882 $50 territorial date backs were rare (with three known) then you will really like hearing about the $100 denomination. Once again, these were only issued by three banks. It is currently thought that only one exists. Several years ago it was reported as lost in the mail. We are not sure if it was ever found. So the real total today might be zero survivors. These issues aren’t traditionally the most popular territorial bank notes. However, no one can argue against them being extremely rare.
1882 Blue Seal $100 Territorial National Bank Note
The Arizona National Bank Of Tucson also printed 1,500 sheets of $10 1902 territorial blue seal national bank notes. A total sheet output in the lows 1,000s is a great sign that you own a very rare bank note. Common isn’t the right word, but the ten dollar bill is the most “available” denomination of 1902 blue seal territorial notes. There are currently around 30 1902 $10 blue seals known to exist from all territories. You can take the number of sheets printed for this bank, and multiply that by three to get the exact number of $10 notes printed for this type. Each note of course has the portrait of William McKinley on the left hand side. The charter number and overprint are both in blue ink. The number below McKinley is the serial number as it relates to the bank (and it is usually very low). The serial number in the upper right is the treasury serial number which is normally about six digits long. Typically when collectors hear territorial blue seal we think about New Mexico and Arizona. Both of those states printed such notes until each became a state in 1912. However, we also have to remember that all blue seals printed by Hawaii, Alaska, and Porto Rico fit the bill as well since all of their issues were of course issued before statehood.
1902 $10 Blue Seal Territorial National Bank Note
The Arizona National Bank Of Tucson also printed 1,500 sheets of $20 1902 territorial blue seal national bank notes. As is the case with all large size twenty dollar national bank notes, the number of sheets printed is the same as the number of individual notes printed. Right now there are about a dozen 1902 $20 territorial blue seals known to exist from all banks in the country. That is not many to go around, but this is still a small hobby. Most collectors who need one probably have one. However, there is still room for these to be very valuable based on their serial number and condition. Just like non-territorials, these also have a picture of Hugh McCulloch on the front of them. These are still good for the face value of $20 today; we definitely don’t recommend spending them though.
1902 $20 Blue Seal Territorial National Bank Note
The Arizona National Bank Of Tucson also printed 11,600 sheets of $10 1902 blue seal national bank notes. Once a bank prints more than 10,000 sheets of blue seals it becomes very difficult for those notes to be rare. 1902 $10 blue seal bank notes all have a portrait of William McKinley on them. Values can range from as little as $40 up to over $10,000. There really is no trick to know what is rare and what is common by just doing an internet search. You really need to work with an expert (like us) in order to determine the value of your specific bank note. There are at least ten different factors than can make some 1902 $10 blue seals worth more than others. We know exactly what to look for and we would be happy to provide a free appraisal and our best offer.
1902 $10 Blue Seal National Bank Note
The Arizona National Bank Of Tucson also printed 11,600 sheets of $20 1902 blue seal national bank notes. The same rarity rules for 1902 $10 blue seals also apply to $20 blue seals. Just remember that $20 bills are by nature three times rarer (unfortunately they don’t command a premium over other denominations). Hugh McCulloch is pictured on the front of each bill. Contact us if you need pricing help.
1902 $20 Blue Seal National Bank Note