The First National Bank Of Covington
The First National Bank Of Covington in Tennessee printed $186,300 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1914 and stopped printing money in 1919, which equals a 6 year printing period. That is obviously a very short period of time. During its life, The First National Bank Of Covington 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 First National Bank Of Covington was located in Tipton County. It was assigned charter number 10491.
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The First National Bank Of Covington in Tennessee issued 3,726 sheets of $10 1902 blue seal national bank notes. Many small national banks could be in business for years and only print between 2,500 and 5,000 sheets of blue seals. 1902 $10 blue seal bank notes all have a portrait of William McKinley on them. Values can range from as little as $40 up to over $10,000. There really is no trick to know what is rare and what is common by just doing an internet search. You really need to work with an expert (like us) in order to determine the value of your specific bank note. There are at least ten different factors than can make some 1902 $10 blue seals worth more than others. We know exactly what to look for and we would be happy to provide a free appraisal and our best offer.
1902 $10 Blue Seal National Bank Note
The First National Bank Of Covington printed 3,726 sheets of $20 1902 blue seal national bank notes. The same rarity rules for 1902 $10 blue seals also apply to $20 blue seals. Just remember that $20 bills are by nature three times rarer (unfortunately they don’t command a premium over other denominations). Hugh McCulloch is pictured on the front of each bill. Contact us if you need pricing help.
1902 $20 Blue Seal National Bank Note