Old Money from The First National Bank Of Dell Rapids | 3508
The First National Bank Of Dell Rapids
The First National Bank Of Dell Rapids in South Dakota printed $653,250 dollars worth of national currency. That is a high amount, but condition and serial numbers can make otherwise common currency from this bank quite valuable. This national bank opened in 1886 and stopped printing money in 1925, which equals a 40 year printing period. That is a fairly normal lifespan for a national bank. During its life, The First National Bank Of Dell Rapids 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 First National Bank Of Dell Rapids was located in Minnehaha County. It was assigned charter number 3508.
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The First National Bank Of Dell Rapids in South Dakota printed 1,300 sheets of $5 1882 territorial brown back national bank notes. A total sheet output in the lows 1,000s is a great sign that you own a very rare bank note. 1882 five dollar territorial brown backs are the lifeblood of the territorial collecting community. They were issued by virtually every territory (with exception of Alaska, Nebraska, and Porto Rico). A total of 109 national banks printed $5 brown back territorials. There are around 120 notes known to exist. That is a pretty high survival rate. Ironically though, the fact that lots of these exist is part of the reason that they are so collectible. More than one collector can reasonably try to put together a set. Ultra-rarities are always expensive, but often times they end up as outliers to collections. 1882 five dollar brown backs have always been popular. When you combine that with the appeal of a territorial, then you have a real winner. You can contact us to learn the true value and rarity of your note. In the meantime, take the number of sheets printed and multiply it by four, that will give you the total number of 1882 $5 territorials issued.
Series of 1882 $5 Territorial Brown Back
The First National Bank Of Dell Rapids printed 4,720 sheets of $5 1882 brown back national bank notes. That it is not an exceptionally low number of sheets. However, you have to remember that we are talking about bank notes printed before 1902. Even a large print number could have a very low survival rate. You can take the total number of sheets printed and multiply that number by four to get the exact number of 1882 $5 brown back bank notes this bank issued. Each note has a portrait of James Garfield on the left hand side of the bill. These are very popular with collectors because they have different text layouts. Some notes are worth as little as a few hundred dollars, but most are worth a good deal more.
Series of 1882 $5 Brown Back
The First National Bank Of Dell Rapids also printed 1,922 sheets of $10 1882 brown back national bank notes. That sheet output number is small. Don’t expect too many of these to be available to collectors. 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 First National Bank Of Dell Rapids also printed 1,922 sheets of $20 1882 brown back national bank notes. As you can see, the sheet output is the same for $20 brown backs as it is for $10 brown backs. There was only one $20 brown back printed on a sheet. So the sheet output also equals the total note output. 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
The First National Bank Of Dell Rapids also printed 1,100 sheets of $10 1902 red seal national bank notes. A print range between 1,000 and 2,500 is pretty standard for red seals. Despite being standard, in the scheme of things that is still an extremely small quantity printed. Collectors love ten dollar 1902 red seals. They usually represent the rarest bank notes printed by any national bank. Don’t let the term “series of 1902” confuse you. These were actually printed for about six years between 1902 and 1908. That is obviously a very short issue period which means that many red seals are quite rare. Each note has a portrait of William McKinley. Be sure to check the number under McKinley. If it is #1 then you are dealing with a note from the first sheet of bank notes issued. Number one bank notes are worth even more money than the already rare red seals.
1902 $10 Red Seal National Bank Note
The First National Bank Of Dell Rapids also printed 1,100 sheets of $20 1902 red seal national bank notes. Twenty dollar red seal bank notes have poor survival rates. They don’t command premiums compared to the ten dollar denomination, but they are definitely rarer. All 1902 red seals were printed on four note sheets. There were three ten dollar bills and one twenty dollar bill per sheet. The 1902 $20 notes have a portrait of Hugh McCulloch on them. The charter number and seal are both printed in red ink. The serial numbers have a slight blue tint to them. The charter number is printed around the border of the note several times. The bank’s title is right in the middle of the note and the state of issue is printed just below the title. Remember that all national bank notes are valued based on their condition and rarity. The same rule applies to 1902 $20 red seals.
1902 $20 Red Seal National Bank Note
The First National Bank Of Dell Rapids also printed 8,155 sheets of $10 1902 blue seal national bank notes. That is a fairly standard sheet output for a national bank issuing blue seals. You likely aren’t dealing with a super common or a super rare bank note. 1902 $10 blue seal bank notes all have a portrait of William McKinley on them. Values can range from as little as $40 up to over $10,000. There really is no trick to know what is rare and what is common by just doing an internet search. You really need to work with an expert (like us) in order to determine the value of your specific bank note. There are at least ten different factors than can make some 1902 $10 blue seals worth more than others. We know exactly what to look for and we would be happy to provide a free appraisal and our best offer.
1902 $10 Blue Seal National Bank Note
The First National Bank Of Dell Rapids also printed 8,155 sheets of $20 1902 blue seal national bank notes. The same rarity rules for 1902 $10 blue seals also apply to $20 blue seals. Just remember that $20 bills are by nature three times rarer (unfortunately they don’t command a premium over other denominations). Hugh McCulloch is pictured on the front of each bill. Contact us if you need pricing help.
1902 $20 Blue Seal National Bank Note