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Old Money from The First National Bank Of Socorro | 2627

The First National Bank Of Socorro

The First National Bank Of Socorro in New Mexico printed $33,200 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 1882 and stopped printing money in 1886, which equals a 5 year printing period. That is obviously a very short period of time. During its life, The First National Bank Of Socorro issued 2 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 Socorro was located in Socorro County. It was assigned charter number 2627.

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The First National Bank Of Socorro in New Mexico issued 664 sheets of $10 series of 1875 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. 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 Socorro printed 664 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

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