Old Money from The First National Bank Of Billings | 5960

The First National Bank Of Billings

The First National Bank Of Billings in Oklahoma printed $6,800 dollars worth of national currency. An output of less than $10,000 means that any national bank note from this bank should be extremely rare. This national bank opened in 1901 and stopped printing money in 1902, which equals a 2 year printing period. That means that money from this bank was not entering circulation very often. During its life, The First National Bank Of Billings 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 Billings was located in Noble County. It was assigned charter number 5960.

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The First National Bank Of Billings in Oklahoma issued 136 sheets of $10 1882 territorial brown back national bank notes. That is a remarkably small number. Any note known to exist from a print run like that would be a true statistical miracle of survival. 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 Billings printed 136 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

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