Old Money from The First National Bank Of San Marcos | 3346
The First National Bank Of San Marcos
The First National Bank Of San Marcos in Texas printed $921,390 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 1885 and stopped printing money in 1935, which equals a 51 year printing period. That is considering a long operation period for a national bank. During its life, The First National Bank Of San Marcos issued 12 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 San Marcos was located in Hays County. It was assigned charter number 3346.
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The First National Bank Of San Marcos in Texas printed 550 sheets of $5 1882 brown back national bank notes. Very few national banks issued such a small number of 1882 brown backs. 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 San Marcos printed 1,784 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 San Marcos also printed 1,784 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 San Marcos also printed 1,000 sheets of $5 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. Five dollar red seals are typically a little bit rarer than some higher denominations. That rarity is typically just a result of small issuances. Most national banks preferred to issue $10 and $20 1902 red seals. Each one of these five dollar bank notes has a portrait of Ben Harrison on the left hand side of the bill. Most people are quick to notice the cursive charter date with a year between 1902 and 1908 written on it. That date will never affect the value.
1902 $5 Red Seal National Bank Note
The First National Bank Of San Marcos also printed 547 sheets of $50 1902 red seal national bank notes. That is also the exact number of $50 red seals printed by this bank. Each sheet contained one $50 bill and one $100 bill. They are all extremely rare. The value for a generic circulated example is usually around $4,000. Most are worth more and some can be worth considerably more. John Sherman is pictured on each note. Otherwise it has the same markings you would expect to find on any 1902 red seal.
1902 $50 Red Seal National Bank Note
The First National Bank Of San Marcos also printed 547 sheets of $100 1902 red seal national bank notes. As we said above, all high denomination 1902 red seals are extremely rare. The number of notes printed really doesn’t matter to collectors. 1902 $100 red seals are rare to the point that they are always in demand. Of course the standard valuation rules still apply. Condition and bank of issue are of paramount importance. We have paid over $12,000 for some of the rarest specimens.
1902 $100 Red Seal National Bank Note
The First National Bank Of San Marcos also printed 17,054 sheets of $5 1902 blue seal national bank notes. Once a bank prints more than 10,000 sheets of blue seals it becomes very difficult for those notes to be rare. Ben Harrison is on the front of all 1902 $5 blue seal bank notes. This happens to be the smallest denomination issued for the 1902 series. Each note is complete with a blue seal and blue charter number. Despite saying series of 1902, these were actually issued by national banks between 1908 and 1928. There are two different types of blue seals. The first type is called a date back and it has “1902-1908” written on the back of the bill. The other type is called a plain back; it does not have the date stamps on the back of the bill. The values for these notes range widely based on condition and the bank of issue.
1902 $5 Blue Seal National Bank Note
The First National Bank Of San Marcos also printed 786 sheets of $50 1902 blue seal national bank notes. There is no trick to knowing which 1902 blue seals will be common and rare. Often times the number printed won’t tell you much information. The value still comes down to condition and demand. That is a surprise to most people. In fact, most 1902 $50 bills we see are worth between $750 and $1,250. The rarer ones can be worth more than $5,000. However, there isn’t much middle ground.
1902 $50 Blue Seal National Bank Note
The First National Bank Of San Marcos also printed 786 sheets of $100 1902 blue seal national bank notes. It is no coincidence that the sheet numbers for $50 bills and $100 bills are the same. They were printed on the same sheets. Most $100 blue seals are at least scarce; others can be very rare. John J Knox is printed on the front of each bill. Most collectors like the back design a lot more though. It is really unique and different from most other national bank notes. Prices for 1902 $100 blue seals are pretty similar to $50 blue seals. They are both equally common or equally rare, depending on how you look at it.
1902 $100 Blue Seal National Bank Note
The First National Bank Of San Marcos also printed 2,292 sheets of Type1 1929 $5 national bank notes. That is a pretty typical sheet output for a national bank during the small size era. Every 1929 $5 bill has a portrait of Abraham Lincoln on it. This is also the lowest denomination of small size national currency that any bank issued. All serial numbers end with the letter A and start with a letter between A and F. Remember that you can take the total number of sheets printed and multiply it by six get to the actual number of bank notes printed for this denomination. All small size national bank notes were printed on sheets of six.
Series of 1929 Type1 $5 National Bank Note
The First National Bank Of San Marcos also printed 124 sheets of Type1 1929 $50 national bank notes. That is an extremely small sheet printing number. Survivors are still likely but definitely not guaranteed. As is the case with all modern fifty dollar bills, Ulysses Grant is pictured on the front of 1929 $50 bills. This is a higher denomination that was only printed by 300 different national banks. Many examples are only worth around a few hundred dollars. Rarer specimens can sell for more than $1,000.
Series of 1929 Type1 $50 National Bank Note
The First National Bank Of San Marcos also printed 51 sheets of Type1 1929 $100 national bank notes. That is an extremely small sheet printing number. Survivors are still likely but definitely not guaranteed. Despite saying series of 1929, all type1 national bank notes were actually printed between 1929 and 1933. Exactly 289 national banks printed $100 type1 notes. Most are relatively common. However, as with anything, there are always exceptions to that rule.
Series of 1929 Type1 $100 National Bank Note