The San Miguel National Bank Of Las Vegas
The San Miguel National Bank Of Las Vegas in New Mexico printed $1,072,050 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 1880 and stopped printing money in 1920, which equals a 41 year printing period. That is a fairly normal lifespan for a national bank. During its life, The San Miguel National Bank Of Las Vegas 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 San Miguel National Bank Of Las Vegas was located in San Miguel County. It was assigned charter number 2454.
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The San Miguel National Bank Of Las Vegas in New Mexico printed 3,100 sheets of $5 series of 1875 territorial national bank notes. Many territorial banks had outputs in the 2,000 to 4,000 range. 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 San Miguel National Bank Of Las Vegas printed 5,070 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 San Miguel National Bank Of Las Vegas also printed 6,400 sheets of $10 1902 territorial blue seal national bank notes. That printing range is high enough to allow for a couple of survivors, but not much more. 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 San Miguel National Bank Of Las Vegas also printed 6,400 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 San Miguel National Bank Of Las Vegas also printed 4,400 sheets of $10 1882 territorial blue seal national bank notes. That printing range is high enough to allow for a couple of survivors, but not much more. You can take that sheet number and multiply it by three to get the exact number of 1882 $10 territorial date backs issued by this bank. Only sixteen different banks even printed this exotic issue. The reason for such a low output has to do with timing. 1882 date backs were not issued until 1908. The only places that were still in territorial status at the time were New Mexico, Arizona, Alaska, and Hawaii. Furthermore, to even qualify to issue these notes the bank had to have been opened between 1888 and 1901. You can see why only sixteen banks ended up printing ten dollar bills like this. Most people who aren’t collectors aren’t entirely sure if they have a territorial or not because non-territorials look exactly the same. Just look below the bank’s title. If it says Territory or Ter before the name of the state, then you have a territorial.
1882 Blue Seal $10 Territorial National Bank Note
The San Miguel National Bank Of Las Vegas also printed 4,400 sheets of $20 1882 territorial blue seal national bank notes. There was just one twenty dollar bill on each sheet of bank notes. So the sheet number is the same as the individual note output. Currently there are about a dozen 1882 $20 blue seals known to exist. Most of that total is from Hawaii, but Arizona, Alaska, and New Mexico each have single examples to represent the state (or in this case, territory). The design of these notes is just like any other 1882 $20 date back. The left hand side of the note has a man pointing a rifle. The right hand side shows lady liberty or Columbia holding a flag.
1882 Blue Seal $20 Territorial National Bank Note
The San Miguel National Bank Of Las Vegas also printed 5,345 sheets of $10 1882 blue seal national bank notes. That is a pretty standard sheet output number for these issues. Most of the value is going to be in the condition. All of these notes say series of 1882 but they were actually printed between 1908 and 1921. So they aren’t quite as old as the dates might suggest. There is also a date on these notes that is between 1888 and 1901. That date is written in cursive text and it represents when the bank was chartered or re-chartered. Some of the so called 1882 value back notes have a chance to be really rare. Most of the earlier notes that say 1882-1908 on the back are likely going to be relatively common. The designs are exactly the same on the front. Each has a blue seal and charter number.
1882 Blue Seal $10 National Bank Note
The San Miguel National Bank Of Las Vegas also printed 5,345 sheets of $20 1882 blue seal national bank notes. That is the same number of sheets as the ten dollar denomination. You don’t have to multiply by three to get the exact number of notes issued though. There was only one twenty dollar bill per sheet. As with any national bank note, the exact value is still based on the condition, serial number, and bank of issue.
1882 Blue Seal $20 National Bank Note
