Old Money from The Miners National Bank Of Georgetown | 2199
The Miners National Bank Of Georgetown
The Miners National Bank Of Georgetown in Colorado printed $45,000 dollars worth of national currency. In the scheme of things, that is a very tiny output. Notes from this bank should be rare. This national bank opened in 1874 and stopped printing money in 1876, which equals a 3 year printing period. That means that money from this bank was not entering circulation very often. During its life, The Miners National Bank Of Georgetown issued 3 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 Miners National Bank Of Georgetown was located in Clear Creek County. It was assigned charter number 2199.
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The Miners National Bank Of Georgetown in Colorado issued 1,000 sheets of $5 original series territorial national bank notes. A total sheet output in the lows 1,000s is a great sign that you own a very rare bank note. You can do some quick math and take the sheet output, multiply it by four, and get the total number of original series $5 territorial bank notes issued by this bank. Only 30 banks in the country even printed these notes. Today there are only about ten surviving examples known to exist. Most of them are low grade and they are rarely available on the collector market. We are talking about bank notes printed before 1875, so the number of new discoveries being found 140 years later is minimal. Prices range from a few thousand dollars to tens of thousands of dollars based on any number of valuation factors.
Original Series $5 Territorial National Bank Note
The Miners National Bank Of Georgetown printed 500 sheets of $10 original series territorial 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. Now here is an amazing fact. We know that 42 national banks printed this type of bank note, yet only four examples are known to exist. That population of four is split between two banks in Denver. So the question becomes, what happened to the rest of them? The easiest explanation is that no one knew these would ever become rare and collectible, so they got spent and eventually destroyed by the government upon redemption. Any original series ten dollar bill from a bank other than Denver would certainly be a welcome find.
Original Series $10 Territorial National Bank Note
The Miners National Bank Of Georgetown also printed 500 sheets of $20 original series national bank notes. That issue number may or may not sound like a lot of sheets depending on your experience with collectible currency. However, all original series $20 bills are rare. The production amount is irrelevant when it comes to values. These seem like common issues until you want to buy one. These just aren’t readily available from rare banks in very fine or better condition. We definitely feel like these are undervalued in today’s market.
Original Series $20 National Bank Note