Old Money from The First National Bank Of Albuquerque | 2614

The First National Bank Of Albuquerque

The First National Bank Of Albuquerque in New Mexico printed $5,831,300 dollars worth of national currency. Once a bank issues that much money there really isn’t much room for rare issues. However, there are certainly exceptions to every rule. This national bank opened in 1881 and stopped printing money in 1934, which equals a 54 year printing period. That is considering a long operation period for a national bank. During its life, The First National Bank Of Albuquerque issued 17 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 First National Bank Of Albuquerque was located in Bernalillo County. It was assigned charter number 2614.

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The First National Bank Of Albuquerque in New Mexico issued 9,957 sheets of $5 series of 1875 territorial national bank notes. That would normally be a very standard output. However, we are dealing with territorials, so everything is still going to be rare. Most first charter five dollar territorials that we encounter today are from the series of 1875. Despite saying series of 1875, these were actually printed as late as 1901 by a handful of banks. So while these might appear ancient, some are much newer than the series date would suggest. With that said, these are still rare items treasured by collectors. Exactly 42 national banks printed series of 1875 five dollar territorials. That list of banks pretty much included all of the territories from Arizona to Wyoming. Please give us a chance to help you establish the value of your note. You will likely be pleasantly surprised with how these bank notes are valued in today’s market.
Series of 1875 $5 Territorial National Bank Note

The First National Bank Of Albuquerque printed 7,468 sheets of $10 series of 1875 territorial national bank notes. That printing range is high enough to allow for a couple of survivors, but not much more. Thirty-two different banks printed series of 1875 $10 territorial bank notes. There is a nice mix of notes from states like North Dakota and some Western states as well. Prices for these range from high four figures to low five figures. Of course condition, bank, or serial number rarities could command more money. This is often the first type of bank note issued by pioneer banks in very remote areas. The survival number currently stands at 16 examples, but we usually handle a new discovery at least once a year, so that number is slowly rising, but this will never been a common bank note.
Series of 1875 $10 Territorial National Bank Note

The First National Bank Of Albuquerque also printed 7,468 sheets of $20 series of 1875 territorial national bank notes. Don’t get too caught up on the number of sheets printed. Twenty dollar series of 1875 territorial bank notes are very rare. They were only printed by 28 banks and only six unique notes are known to exist to collectors. This is the rarest denomination (below $50) for first charter territorials.
Series of 1875 $20 Territorial National Bank Note

The First National Bank Of Albuquerque also printed 2,960 sheets of $50 1882 territorial brown back national bank notes. Many territorial banks had outputs in the 2,000 to 4,000 range. 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 First National Bank Of Albuquerque also printed 2,960 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 First National Bank Of Albuquerque also printed 2,500 sheets of $5 1882 territorial blue seal national bank notes. Many territorial banks had outputs in the 2,000 to 4,000 range. All large size five dollar national bank notes were printed on a sheet with four notes per sheet. So you can take the sheet number and multiply it by four to get the total number of bank notes issued for 1882 $5 blue seal territorials. Right now there are over 30 of these notes known to exist. Most of that number is made up of notes from Honolulu. Only eight banks in the country even issued this type. The design looks similar to the earlier 1882 brown backs. James Garfield is on the left hand side of the note. Instead of a brown overprint, 1882 date backs have a blue seal. The back of each note says “1882 – 1908” and that is where the nickname “date back” originates.
1882 Blue Seal $5 Territorial National Bank Note

The First National Bank Of Albuquerque also printed 1,400 sheets of $50 1882 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. 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 First National Bank Of Albuquerque also printed 1,400 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 First National Bank Of Albuquerque also printed 40,530 sheets of $5 1882 blue seal national bank notes. These were only issued by banks for about ten years (at the most). So it is unusual to see such a high sheet output. This will likely be a common issue unless it is rare signature combination variety. 1882 $5 blue seal bank notes were issued by some national banks in The United States. While these are a somewhat rarer issue, they just aren’t especially popular with collectors. With exception of some minor differences, they look exactly like the earlier brown back series. Most collectors would prefer the brown back notes. With that said, some 1882 blue seals can still be worth thousands of dollars. So don’t just assume that what you have is automatically common.
1882 Blue Seal $5 National Bank Note

The First National Bank Of Albuquerque also printed 2,586 sheets of $50 1882 blue seal national bank notes. High denomination 1882 blue seals like this are not frequently encountered, regardless of the number of notes printed. There is a big difference between the two types of 1882 $50 blue seals. The variety that says “1882-1908” on the back is rare, but no where near as rare at the type that says “Fifty Dollars.” The second variety is extremely rare and only about a half dozen are known to exist. The first type should still be worth at least $4,000. The second type is a five figure rarity though.
1882 Blue Seal $50 National Bank Note

The First National Bank Of Albuquerque also printed 2,586 sheets of $100 1882 blue seal national bank notes. The number of sheets printed doesn’t matter too much here. All 1882 $100 blue seals are rare. They were issued by a total of 256 total national banks in the country. The rare 1882 value backs were only printed by banks in Dayton, Ohio and New Orleans, Louisiana. The slightly more common date backs are much more plentiful but still rare in the scheme of things.
1882 Blue Seal $100 National Bank Note

The First National Bank Of Albuquerque also printed 33,972 sheets of $5 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. Ben Harrison is on the front of all 1902 $5 blue seal bank notes. This happens to be the smallest denomination issued for the 1902 series. Each note is complete with a blue seal and blue charter number. Despite saying series of 1902, these were actually issued by national banks between 1908 and 1928. There are two different types of blue seals. The first type is called a date back and it has “1902-1908” written on the back of the bill. The other type is called a plain back; it does not have the date stamps on the back of the bill. The values for these notes range widely based on condition and the bank of issue.
1902 $5 Blue Seal National Bank Note

The First National Bank Of Albuquerque also printed 23,633 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 First National Bank Of Albuquerque also printed 23,633 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

The First National Bank Of Albuquerque also printed 14,517 sheets of Type1 1929 $5 national bank notes. Sadly, based on a number that high, there is basically no chance for these notes to be especially rare. Every 1929 $5 bill has a portrait of Abraham Lincoln on it. This is also the lowest denomination of small size national currency that any bank issued. All serial numbers end with the letter A and start with a letter between A and F. Remember that you can take the total number of sheets printed and multiply it by six get to the actual number of bank notes printed for this denomination. All small size national bank notes were printed on sheets of six.
Series of 1929 Type1 $5 National Bank Note

The First National Bank Of Albuquerque also printed 8,159 sheets of Type1 1929 $10 national bank notes. Sadly, based on a number that high, there is basically no chance for these notes to be especially rare. Each $10 bill from 1929 has a portrait of Alexander Hamilton on it. The black number written vertically is the charter number. The charter number never affects the value; it is just an identifier. The ten dollar type1 national bank note happens to be the single most common national bank note, with over 65,000 known to exist from all banks. Of course each note is valued based on its condition and rarity. Some are very rare.
Series of 1929 Type1 $10 National Bank Note

The First National Bank Of Albuquerque also printed 1,971 sheets of Type1 1929 $20 national bank notes. That is a pretty typical sheet output for a national bank during the small size era. Andrew Jackson is featured on the front of each 1929 $20 bill. Be sure to take note of the serial number on your specific bank note. If it is 000001 then you can expect a nice premium. There is a special market for serial number one bank notes. Of course, even if the number isn’t #1, it could still be collectible and have a high value just based on its condition and rarity alone.
Series of 1929 Type1 $20 National Bank Note

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