Old Money from The First National Bank Of Ogden | 2597
The First National Bank Of Ogden
The First National Bank Of Ogden in Utah printed $5,458,680 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 1881 and stopped printing money in 1935, which equals a 55 year printing period. That is considering a long operation period for a national bank. During its life, The First National Bank Of Ogden issued 11 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 Ogden was located in Weber County. It was assigned charter number 2597.
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The First National Bank Of Ogden in Utah issued 1,280 sheets of $10 series of 1875 territorial national bank notes. A total sheet output in the lows 1,000s is a great sign that you own a very rare bank note. Thirty-two different banks printed series of 1875 $10 territorial bank notes. There is a nice mix of notes from states like North Dakota and some Western states as well. Prices for these range from high four figures to low five figures. Of course condition, bank, or serial number rarities could command more money. This is often the first type of bank note issued by pioneer banks in very remote areas. The survival number currently stands at 16 examples, but we usually handle a new discovery at least once a year, so that number is slowly rising, but this will never been a common bank note.
Series of 1875 $10 Territorial National Bank Note
The First National Bank Of Ogden printed 1,280 sheets of $20 series of 1875 territorial national bank notes. Don’t get too caught up on the number of sheets printed. Twenty dollar series of 1875 territorial bank notes are very rare. They were only printed by 28 banks and only six unique notes are known to exist to collectors. This is the rarest denomination (below $50) for first charter territorials.
Series of 1875 $20 Territorial National Bank Note
The First National Bank Of Ogden also printed 834 sheets of $50 series of 1875 territorial national bank notes. A print run under 1,000 will get the attention of most people. Combine that with a territorial and you have a real winner. A total of just seven national banks even printed series of 1875 $50 territorial bank notes. Right now only two notes are known to exist. One is from Salt Lake City (as pictured) the other is from Denver.
Series of 1875 $50 Territorial National Bank Note
The First National Bank Of Ogden also printed 834 sheets of $100 series of 1875 territorial national bank notes. Needless to say, that is not many sheets. There really isn’t much to say about series of 1875 territorial $100 bank notes. Only one is known to exist and it is part of a very advanced collection. The next discovery will be significant and quite valuable.
Series of 1875 $100 Territorial National Bank Note
The First National Bank Of Ogden also printed 2,167 sheets of $10 series of 1875 national bank notes. Any time you see a print range between 1,000 and 2,500 you can assume that the bank was small and that their notes could be fairly scarce. The two vignettes seen on 1875 $10 bank notes are “Franklin and Electricity” and “America Seizing Lightning”. These notes occasionally confuse novices because the year 1752 is printed on them. That is when Benjamin Franklin discovered electricity. It has nothing to do with when these bank notes were issued. The back of each $10 bill has “DeSoto Discovering the Mississippi.”
Series of 1875 $10 National Bank Note
The First National Bank Of Ogden also printed 2,167 sheets of $20 series of 1875 national bank notes. The exact number of series of 1875 $20 national bank notes printed by this bank is good to know. Don’t expect a high number to lower the value or a small number to increase the value. These notes are scarce enough on their own that the stats don’t really matter. Twenty dollars was a lot of money between 1875 and 1901, which is the time period in which these were printed. These just weren’t saved in high numbers.
Series of 1875 $20 National Bank Note
The First National Bank Of Ogden also printed 6,075 sheets of $10 1882 brown back national bank notes. A print range between 5,000 and 10,000 suggests that there should be at least a couple of notes known to exist. 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 Ogden also printed 6,075 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 Ogden also printed 19,975 sheets of $5 1882 blue seal national bank notes. These were only issued by banks for about ten years (at the most). So it is unusual to see such a high sheet output. This will likely be a common issue unless it is rare signature combination variety. 1882 $5 blue seal bank notes were issued by some national banks in The United States. While these are a somewhat rarer issue, they just aren’t especially popular with collectors. With exception of some minor differences, they look exactly like the earlier brown back series. Most collectors would prefer the brown back notes. With that said, some 1882 blue seals can still be worth thousands of dollars. So don’t just assume that what you have is automatically common.
1882 Blue Seal $5 National Bank Note
The First National Bank Of Ogden also printed 13,239 sheets of $10 1882 blue seal national bank notes. These were only issued by banks for about ten years (at the most). So it is unusual to see such a high sheet output. This will likely be a common issue unless it is rare signature combination variety. All of these notes say series of 1882 but they were actually printed between 1908 and 1921. So they aren’t quite as old as the dates might suggest. There is also a date on these notes that is between 1888 and 1901. That date is written in cursive text and it represents when the bank was chartered or re-chartered. Some of the so called 1882 value back notes have a chance to be really rare. Most of the earlier notes that say 1882-1908 on the back are likely going to be relatively common. The designs are exactly the same on the front. Each has a blue seal and charter number.
1882 Blue Seal $10 National Bank Note
The First National Bank Of Ogden also printed 13,239 sheets of $20 1882 blue seal national bank notes. That is the same number of sheets as the ten dollar denomination. You don’t have to multiply by three to get the exact number of notes issued though. There was only one twenty dollar bill per sheet. As with any national bank note, the exact value is still based on the condition, serial number, and bank of issue.
1882 Blue Seal $20 National Bank Note