Old Money from The Panhandle National Bank Of Wichita Falls | 3200
The Panhandle National Bank Of Wichita Falls
The Panhandle National Bank Of Wichita Falls in Texas printed $8,872,150 dollars worth of national currency. Once a bank issues that much money there really isn’t much room for rare issues. However, there are certainly exceptions to every rule. This national bank opened in 1884 and stopped printing money in 1935, which equals a 52 year printing period. That is considering a long operation period for a national bank. During its life, The Panhandle National Bank Of Wichita Falls issued 4 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 Panhandle National Bank Of Wichita Falls was located in Wichita County. It was assigned charter number 3200.
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The Panhandle National Bank Of Wichita Falls in Texas issued 2,869 sheets of $10 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. 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 Panhandle National Bank Of Wichita Falls printed 2,869 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 Panhandle National Bank Of Wichita Falls also printed 983 sheets of $50 1882 brown back national bank notes. Fifty dollar 1882 brown backs are few and far between. When the print number is under 1,000 like this bank then there is a great chance that you have a very rare bank note. The most common 1882 $50 brown backs are worth about $5,000. However, some can be worth more than $10,000 based on condition, serial number, and bank of issue.
Series of 1882 $50 Brown Back
The Panhandle National Bank Of Wichita Falls also printed 983 sheets of $100 1882 brown back national bank notes. High denomination $50 and $100 brown backs were printed on the same sheet. So the number of sheets printed also equals the number bills printed for each denomination. You can see that $100 brown backs are extremely scarce on this bank. We are very interested in purchasing $100 1882 brown back national bank notes. We have paid more than $15,000 for some examples. Send us pictures of what you have and we will respond quickly with an appraisal and offer.
Series of 1882 $100 Brown Back