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Old Money from The First National Bank Of Utah Of Salt Lake City | 1695

The First National Bank Of Utah Of Salt Lake City

The First National Bank Of Utah Of Salt Lake City in Utah printed $154,530 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1869 and stopped printing money in 1874, which equals a 6 year printing period. That is obviously a very short period of time. During its life, The First National Bank Of Utah Of Salt Lake City issued 6 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 Utah Of Salt Lake City was located in Salt Lake County. It was assigned charter number 1695.

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The First National Bank Of Utah Of Salt Lake City in Utah printed 1,000 sheets of $1 original series 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. When dealing with any first charter one dollar bank note, you can always take the number of sheets printed and multiply it by three to get the total number of actual bank notes printed for this denomination. These are technically called original series one dollar territorial national bank notes. Most collectors just call them territorial aces. Believe it or not, they are actually quite available. Around 100 of them are known to exist. Thanks to small hoards from towns like Salt Lake City, Yankton, and Denver, a collector can buy a nice looking territorial ace without spending tens of thousands of dollars. The rarest examples will certainly still cost more than $10,000, but others can seem like bargains.
Original Series $1 Territorial National Bank Note

The First National Bank Of Utah Of Salt Lake City printed 1,000 sheets of $2 original series territorial national bank notes. Keep in mind that there was just one two dollar bill printed per sheet. So in this case the sheet number equals the total output of notes. Just like with the one dollar denomination, original series $2 territorial bank notes have survived at a surprisingly high rate considering they were only issued by 19 different national banks. The good news for sellers is that these are still really valuable. Prices are as low as $10,000 for something ugly and relatively common. It is possible for the rarest examples to be worth more than $50,000.
Original Series $2 Territorial National Bank Note

The First National Bank Of Utah Of Salt Lake City also printed 2,660 sheets of $5 original series territorial national bank notes. Many territorial banks had outputs in the 2,000 to 4,000 range. You can do some quick math and take the sheet output, multiply it by four, and get the total number of original series $5 territorial bank notes issued by this bank. Only 30 banks in the country even printed these notes. Today there are only about ten surviving examples known to exist. Most of them are low grade and they are rarely available on the collector market. We are talking about bank notes printed before 1875, so the number of new discoveries being found 140 years later is minimal. Prices range from a few thousand dollars to tens of thousands of dollars based on any number of valuation factors.
Original Series $5 Territorial National Bank Note

The First National Bank Of Utah Of Salt Lake City also printed 507 sheets of $20 original series territorial national bank notes. In this case, the number printed really doesn’t matter because so few are still outstanding. Seventeen different banks printed original series $20 territorial national bank notes. And just like with the ten dollar denomination, just four $20 bills are known to exist and they all happen to be from Denver. Other national banks in Idaho, Montana, Nebraska, New Mexico, Utah, and Wyoming all issued these notes. For some reason though, the collecting world has yet to find a survivor from any of those states.
Original Series $20 Territorial National Bank Note

The First National Bank Of Utah Of Salt Lake City also printed 507 sheets of $50 original series 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. This is one of the last great discoveries waiting to be found in the world of territorial bank notes. A total of nine different national banks printed original series first charter $50 territorial bank notes. However, none of their issues have yet to be found. Odds are that one or two are hiding somewhere. When, where, and how they will be found is still a mystery.
Original Series $50 Territorial National Bank Note

The First National Bank Of Utah Of Salt Lake City also printed 507 sheets of $100 original series territorial national bank notes. With a number that small, you can see why these are so rare. You can throw the printing number out the window, because none of that matters. The simple fact is that only four banks printed original series $100 territorial bank notes and there are currently no survivors known to exist.
Original Series $100 Territorial National Bank Note

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