Old Money from The Merchants National Bank Of West Virginia Of Wheeling | 1343
The Merchants National Bank Of West Virginia Of Wheeling
The Merchants National Bank Of West Virginia Of Wheeling in West Virginia printed $666,000 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 1865 and stopped printing money in 1874, which equals a 10 year printing period. That is actually quite brief in terms of bank existence. During its life, The Merchants National Bank Of West Virginia Of Wheeling issued 3 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 Merchants National Bank Of West Virginia Of Wheeling was located in Ohio County. It was assigned charter number 1343.
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The Merchants National Bank Of West Virginia Of Wheeling in West Virginia printed 10,550 sheets of $5 original series national bank notes. These notes were only printed until 1875. For a national bank to print more than 10,000 means that they were doing a lot of business. Your exact note is likely still rare. The value will be more condition based than rarity based though. Each five dollar original series bank note has a spiked red seal. That is pretty much the only design difference between it and later issues. These are really beautiful notes. One neat thing about these is that the back of each note has a vignette of the corresponding state seal. Some of the state seals are very imaginative. Collecting by state seal was very popular early on in the hobby. Today most collectors are more concerned about bank of issue and condition. Serial number one bank notes are also extremely popular.
Original Series $5 National Bank Note
The Merchants National Bank Of West Virginia Of Wheeling printed 9,100 sheets of $10 original series national bank notes. Just because a print range is between 5,000 and 10,000 doesn’t mean that individual notes will be easy to buy. That number isn’t really high or low. Some notes are extremely rare and some could be from a hoard. Values are determined based on condition and the number of known survivors. These notes were issued during the glory days of the national bank note era. Each $10 bill was pen signed by the president and cashier of the bank. Small towns and large cities both issued these notes. Of course the small town issuers tend to be scarcer today. Prices range from $500 to thousands of dollars (and more if the condition and rarity warrant it). Contact us if you need help valuing your bank note.
Original Series $10 National Bank Note
The Merchants National Bank Of West Virginia Of Wheeling also printed 9,100 sheets of $20 original series national bank notes. That issue number may or may not sound like a lot of sheets depending on your experience with collectible currency. However, all original series $20 bills are rare. The production amount is irrelevant when it comes to values. These seem like common issues until you want to buy one. These just aren’t readily available from rare banks in very fine or better condition. We definitely feel like these are undervalued in today’s market.
Original Series $20 National Bank Note