Old Money from The Merchants National Bank Of Des Moines | 2631
The Merchants National Bank Of Des Moines
The Merchants National Bank Of Des Moines in Iowa printed $70,150 dollars worth of national currency. A production number that low doesn’t save room for many survivors. Currency from this bank will be rare. This national bank opened in 1882 and stopped printing money in 1889, which equals a 8 year printing period. That is obviously a very short period of time. During its life, The Merchants National Bank Of Des Moines issued 2 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 Des Moines was located in Polk County. It was assigned charter number 2631.
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The Merchants National Bank Of Des Moines in Iowa printed 1,403 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 Merchants National Bank Of Des Moines printed 1,403 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