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Old Money from The Miners National Bank Of Commerce Of Salt Lake City | 1646

The Miners National Bank Of Commerce Of Salt Lake City

The Miners National Bank Of Commerce Of Salt Lake City in Utah printed $135,500 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1866 and stopped printing money in 1869, which equals a 4 year printing period. That means that money from this bank was not entering circulation very often. During its life, The Miners National Bank Of Commerce 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 Miners National Bank Of Commerce Of Salt Lake City was located in Salt Lake County. It was assigned charter number 1646.

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The Miners National Bank Of Commerce Of Salt Lake City in Utah issued 2,106 sheets of $1 original series territorial national bank notes. Many territorial banks had outputs in the 2,000 to 4,000 range. 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 Miners National Bank Of Commerce Of Salt Lake City printed 2,106 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 Miners National Bank Of Commerce Of Salt Lake City also printed 950 sheets of $5 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. 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 Miners National Bank Of Commerce Of Salt Lake City also printed 650 sheets of $10 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. Now here is an amazing fact. We know that 42 national banks printed this type of bank note, yet only four examples are known to exist. That population of four is split between two banks in Denver. So the question becomes, what happened to the rest of them? The easiest explanation is that no one knew these would ever become rare and collectible, so they got spent and eventually destroyed by the government upon redemption. Any original series ten dollar bill from a bank other than Denver would certainly be a welcome find.
Original Series $10 Territorial National Bank Note

The Miners National Bank Of Commerce Of Salt Lake City also printed 727 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 Miners National Bank Of Commerce Of Salt Lake City also printed 727 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

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