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Old Money from The First National Bank Of Santa Fe | 1750

The First National Bank Of Santa Fe

The First National Bank Of Santa Fe in New Mexico printed $1,805,510 dollars worth of national currency. Over $1,000,000 face value is a lot of money. However, some types and denominations of currency from this bank could still be rare. This national bank opened in 1870 and stopped printing money in 1935, which equals a 66 year printing period. That is considering a long operation period for a national bank. During its life, The First National Bank Of Santa Fe issued 26 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 Santa Fe was located in Santa Fe County. It was assigned charter number 1750.

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The First National Bank Of Santa Fe in New Mexico issued 5,000 sheets of $1 original series territorial national bank notes. That printing range is high enough to allow for a couple of survivors, but not much more. When dealing with any first charter one dollar bank note, you can always take the number of sheets printed and multiply it by three to get the total number of actual bank notes printed for this denomination. These are technically called original series one dollar territorial national bank notes. Most collectors just call them territorial aces. Believe it or not, they are actually quite available. Around 100 of them are known to exist. Thanks to small hoards from towns like Salt Lake City, Yankton, and Denver, a collector can buy a nice looking territorial ace without spending tens of thousands of dollars. The rarest examples will certainly still cost more than $10,000, but others can seem like bargains.
Original Series $1 Territorial National Bank Note

The First National Bank Of Santa Fe printed 5,000 sheets of $2 original series territorial national bank notes. Keep in mind that there was just one two dollar bill printed per sheet. So in this case the sheet number equals the total output of notes. Just like with the one dollar denomination, original series $2 territorial bank notes have survived at a surprisingly high rate considering they were only issued by 19 different national banks. The good news for sellers is that these are still really valuable. Prices are as low as $10,000 for something ugly and relatively common. It is possible for the rarest examples to be worth more than $50,000.
Original Series $2 Territorial National Bank Note

The First National Bank Of Santa Fe also printed 3,250 sheets of $5 original series territorial national bank notes. Many territorial banks had outputs in the 2,000 to 4,000 range. 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 First National Bank Of Santa Fe also printed 1,700 sheets of $10 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. 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 First National Bank Of Santa Fe also printed 1,700 sheets of $20 original series territorial national bank notes. In this case, the number printed really doesn’t matter because so few are still outstanding. Seventeen different banks printed original series $20 territorial national bank notes. And just like with the ten dollar denomination, just four $20 bills are known to exist and they all happen to be from Denver. Other national banks in Idaho, Montana, Nebraska, New Mexico, Utah, and Wyoming all issued these notes. For some reason though, the collecting world has yet to find a survivor from any of those states.
Original Series $20 Territorial National Bank Note

The First National Bank Of Santa Fe also printed 1,700 sheets of $50 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. This is one of the last great discoveries waiting to be found in the world of territorial bank notes. A total of nine different national banks printed original series first charter $50 territorial bank notes. However, none of their issues have yet to be found. Odds are that one or two are hiding somewhere. When, where, and how they will be found is still a mystery.
Original Series $50 Territorial National Bank Note

The First National Bank Of Santa Fe also printed 3,500 sheets of $1 series of 1875 territorial national bank notes. Many territorial banks had outputs in the 2,000 to 4,000 range. Series of 1875 one dollar territorials are very rare. You have to remember that first charter $1 bills were only printed until 1878. So we are talking about just a three year production window. It is no surprise that only five notes of this type are known to exist – all of which happen to be from Santa Fe. A total of five national banks printed series of 1875 $1 bills.
Series of 1875 $1 Territorial National Bank Note

The First National Bank Of Santa Fe also printed 3,500 sheets of $2 series of 1875 territorial national bank notes. That number also happens to be the exact number of individual two dollar bills printed. As we have established, just four banks printed low denomination ($1 and $2) series of 1875 territorial bank notes. Only one two dollar note is known to exist and it is from Denver. We do not have it pictured. The reality is that most collectors don’t add much of a premium between original series and 1875 bank notes. So while this is certainly an ultra-rarity, it is still going to be worth about the same amount of money as the much more common original series two dollar territorial.
Series of 1875 $2 Territorial National Bank Note

The First National Bank Of Santa Fe also printed 5,374 sheets of $5 series of 1875 territorial national bank notes. That printing range is high enough to allow for a couple of survivors, but not much more. 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 Santa Fe also printed 2,021 sheets of $10 series of 1875 territorial national bank notes. Many territorial banks had outputs in the 2,000 to 4,000 range. 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 Santa Fe also printed 2,021 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 Santa Fe also printed 2,021 sheets of $50 series of 1875 territorial national bank notes. Many territorial banks had outputs in the 2,000 to 4,000 range. A total of just seven national banks even printed series of 1875 $50 territorial bank notes. Right now only two notes are known to exist. One is from Salt Lake City (as pictured) the other is from Denver.
Series of 1875 $50 Territorial National Bank Note

The First National Bank Of Santa Fe also printed 5,675 sheets of $10 1882 territorial brown back national bank notes. That printing range is high enough to allow for a couple of survivors, but not much more. The ten dollar 1882 territorial brown back was printed by more than 200 national banks, and more than 200 pieces are known to exist today. That number tends to go up by a handful each year as more are discovered. Often times the $10 territorial was the first and lowest denomination a bank received. About a dozen #1 specimens are held by collectors today, and there are probably many more still held by descendants of early pioneer bankers. Territorial bank notes are the cream of the crop when it comes to national bank notes. Most are at least rare and some can be very valuable. As always, the exact value is still based on bank of issue and condition. Something ugly from Oklahoma might only be worth $3,000, but other examples could be worth well over $10,000.
Series of 1882 $10 Territorial Brown Back

The First National Bank Of Santa Fe also printed 5,675 sheets of $20 1882 territorial brown back national bank notes. That number also represents the total number of twenty dollar bills printed for the type. Whether you have a ten or a twenty dollar territorial brown back, you should work with an expert to establish the value. Twenty dollar notes from this series were only printed at the rate of one to three compared to tens, but sadly, $20 1882 brown backs really don’t command a premium for their extra rarity. Only around fifty are known to exist today.
Series of 1882 $20 Territorial Brown Back

The First National Bank Of Santa Fe also printed 1,900 sheets of $5 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. It may or may not come as a shock, but there are only a half dozen five dollar 1902 blue seal territorial notes currently known to exist. That small number is a direct result of small printing numbers. Only nine banks in the entire country even issued the $5 blue seal as a territorial. One in Alaska, two in Hawaii, two in Arizona, and four in New Mexico. Each note has a portrait of Benjamin Harrison on the left hand side of the bill. If you want to know the exact output of total blue seal territorial $5 bills for this bank then you can just take the number of sheets printed and multiply that number by four. Each sheet had four five dollar bills on it. Not sure if yours is a territorial or a state issue? Just look below the bank’s title. Written in a slightly curved text will be the name of the state the bank was in. If the word Ter or Territorial is before the name of the state then you have a territorial. Territorials are of course more valuable than regular issue state notes.
1902 $5 Blue Seal Territorial National Bank Note

The First National Bank Of Santa Fe also printed 1,540 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 First National Bank Of Santa Fe also printed 1,540 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 First National Bank Of Santa Fe also printed 11,865 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 Santa Fe also printed 7,885 sheets of $10 1902 blue seal national bank notes. That is a fairly standard sheet output for a national bank issuing blue seals. You likely aren’t dealing with a super common or a super rare bank note. 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 Santa Fe also printed 7,885 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 Santa Fe also printed 3,058 sheets of Type1 1929 $5 national bank notes. That is a pretty typical sheet output for a national bank during the small size era. 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 Santa Fe also printed 918 sheets of Type1 1929 $10 national bank notes. This is a small print range, but it does not guarantee rarity. 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 Santa Fe also printed 312 sheets of Type1 1929 $20 national bank notes. That may sound like a very small number, and it is. However, when it comes to small size notes, that print range usually allows for a handful of survivors. 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

The First National Bank Of Santa Fe also printed 2,986 individual notes from the type2 1929 $5 national bank note series. That may seem like a high number, but remember that is total notes printed for the denomination, not sheets printed. This was an easy and popular denomination for national banks. Five dollars could buy a lot of different things back in 1929 and the early 1930s. 1929 type2 five dollar bank notes are available in quantities today. However, some notes can be extremely rare. The exact value all depends on the bank of issue and condition. Contact us and we would be happy to give a free appraisal.
Series of 1929 Type2 $5 National Bank Note

The First National Bank Of Santa Fe also printed 1,985 individual notes from the type2 1929 $10 national bank note series. That may seem like a high number, but remember that is total notes printed for the denomination, not sheets printed. The easiest way to spot the difference between type1 1929 $10 bills and 1929 type2 $10 bills is in the serial number. Type2 notes have a serial number that ends with a number. 1929 type1 notes have a serial number that ends with the letter A. Generally speaking, these $10 bills are rarer than the earlier type1 issues. However, most collectors don’t pay more for that rarity because they look basically the same.
Series of 1929 Type2 $10 National Bank Note

The First National Bank Of Santa Fe also printed 315 individual notes from the type2 1929 $20 national bank note series. Type2 1929 national bank notes are already rare to begin with. A printing of less than 1,000 is especially low. One of the great things about 1929 type2 $20 national bank notes is that they really aren’t that old and some can be extremely rare. Until the big head $20 series started there really wasn’t much difference between something printed in 1929 and the same bill printed in 1993. We have bought some examples in the past few months that people just found in their change.
Series of 1929 Type2 $20 National Bank Note

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