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Old Money from The Second National Bank Of New Mexico at Santa Fe | 2024

The Second National Bank Of New Mexico at Santa Fe

The Second National Bank Of New Mexico at Santa Fe in New Mexico printed $472,700 dollars worth of national currency. That is a pretty standard output. However, some types of currency from this bank could still be rare. This national bank opened in 1872 and stopped printing money in 1892, which equals a 21 year printing period. That is a fairly normal lifespan for a national bank. During its life, The Second National Bank Of New Mexico at Santa Fe issued 9 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 Second National Bank Of New Mexico at Santa Fe was located in Santa Fe County. It was assigned charter number 2024.

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The Second National Bank Of New Mexico at Santa Fe in New Mexico printed 1,000 sheets of $1 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. 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 Second National Bank Of New Mexico at Santa Fe printed 1,000 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 Second National Bank Of New Mexico at Santa Fe also printed 3,500 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 Second National Bank Of New Mexico at Santa Fe also printed 999 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 Second National Bank Of New Mexico at Santa Fe also printed 964 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 Second National Bank Of New Mexico at Santa Fe also printed 964 sheets of $50 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. 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 Second National Bank Of New Mexico at Santa Fe also printed 441 sheets of $5 series of 1875 territorial national bank notes. Collectors love to buy notes from such a small print run. It doesn’t get much smaller than under 500 sheets printed. 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 Second National Bank Of New Mexico at Santa Fe also printed 2,208 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 Second National Bank Of New Mexico at Santa Fe also printed 2,208 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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