Old Money from The Mercantile National Bank Of Cleveland | 3272
The Mercantile National Bank Of Cleveland
The Mercantile National Bank Of Cleveland in Ohio printed $1,411,000 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 1884 and stopped printing money in 1904, which equals a 21 year printing period. That is a fairly normal lifespan for a national bank. During its life, The Mercantile National Bank Of Cleveland 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 Mercantile National Bank Of Cleveland was located in Cuyahoga County. It was assigned charter number 3272.
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The Mercantile National Bank Of Cleveland in Ohio printed 28,220 sheets of $10 1882 brown back national bank notes. When we start talking about a printing number in the five figure range, then you are likely not dealing with a great rarity. However, the note could certainly still be popular and valuable. There were three $10 bills printed on a single sheet of 1882 brown backs. The design of the bill is similar to all earlier ten dollar national bank notes. The nickname comes from the fact that these bills have a brown seal and brown overprint. Despite saying series of 1882, these were actually printed by some banks up until 1908. The date you see in cursive relates to when the bank first started issuing brown back notes.
Series of 1882 $10 Brown Back
The Mercantile National Bank Of Cleveland printed 28,220 sheets of $20 1882 brown back national bank notes. Due to the way brown back sheets were printed we know that the sheet output number equals the number of $20 brown backs printed. When we see a number over 10,000 there is a good chance that the note isn’t going to be especially rare. However, it never hurts to ask. One neat thing about all brown backs is that they each have a different back design based on which state issued them. The back left hand side of the note shows the state seal of which ever state the national bank was located in. Generally speaking, 1882 $20 brown backs are pretty difficult to locate. They typically were printed in small numbers and they don’t have a great survival rate.
Series of 1882 $20 Brown Back