Old Money Values from The First National Bank Of Philadelphia | 1

The First National Bank Of Philadelphia

• Bank Name: The First National Bank Of Philadelphia
• Printed: $15,046,570 dollars worth of national currency
• This is considered: A very high output of currency and doesn’t leave much room for rare bank notes. However, some types of currency from this bank may still be rare
• Bank opened: 1863
• Bank stopped printing money: 1882
• Years of printing money: 20
• Lifespan: Average for a national bank
• Types issued: 7
• Denominations: $5, $10, $20, $50, $100
• State: Pennsylvania
• Bank location: Philadelphia County
• Charter Number: 1

Below you will find examples of the types. Your bank note below will look similar, but not identical. The difference will be the bank name.

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Original Series $5 National Bank Note

Original Series $5 National Bank Notes. All five-dollar original series bank notes have a spiked red seal. Essentially this is the only difference between the early and later series issued. This denomination is personally one of my favorites and is loved by many collectors today. A feature which makes each of these notes unique is the backs were different depending on the state it was issued. Each state has a different state seal, and these seals were engraved on the back of each five-dollar national original series. In the earlier days of collecting, hunting down specific state seals was a popular way of collecting five-dollar nationals. Today, most collectors are more focused on the bank issue and condition. Like most notes, serial number one bank notes are extremely popular.

Original Series $10 National Bank Note

Original Series $10 National Bank Notes. These ten-dollar nationals were issued during what some consider the glory days of the national bank note era. Each $10 bill was hand-signed by both president and cashier of the issuing bank. Large cities and even small towns issued this type of bank note. As one could imagine, small-town issuers tend to be scarcer today. Value can range between $500 to thousands of dollars (depending on the condition and rarity of the bill). We are happy to help appraise your national currency notes, contact us today.

Original Series $20 National Bank Note

Original Series $20 National Bank Notes. The twenty-dollar denomination is considered one of the scarcer denominations, regardless of how many sheets were printed at the time. Most average collectors don’t even realize this until its time to put money down for one of these notes. In today’s market, I think this denomination is still very undervalued considering how rare they truly are. You won’t just find this type from rare banks in very fine or better condition. If you have a $20 original national series note, its likely considered scarce. Its value will be determined upon the rarity of the bank, and the overall condition of the note, along with the bills serial number.

Original Series $50 National Bank Note

Original Series $50 National Bank Notes. The fifty-dollar large denomination is extremely rare and only 35 are known to exist from all banks in the country. While so few are known, the condition always plays a pivotal role when determining the value of the bill. Most of these $50 nationals come heavily circulated. If you have a bill that looks like the picture above, contact us as we always love to talk.

Original Series $100 National Bank Note

Original Series $100 National Bank Notes. These high denomination one hundred nationals are just as scarce as the fifties. Prices will jump accordingly depending on condition. Most come in very poor condition. If you have a $100 national chances are you have something very rare, and we’d love to hear about it.

Series of 1875 $5 National Bank Note

Series 1875 $5 National Bank Notes. Take into account that these notes were printed between the 1870s and 1880s. Even banks that printed high numbers like this will likely still have rare national currency. Out of all denominations, the five-dollar bills are some of the most common bank notes from the first charter series. Only the original $1 bills are more available. Some banks only produced the five-dollar denomination, so finding examples is oftentimes difficult. One distinction between the later and earlier series is that the 1875 series has a rounded, red seal. This series also included a red charter number on the bill.

Series of 1875 $10 National Bank Note

Series 1875 $10 National Bank Notes. The two designs seen on the 1875 $10 bank notes are “Franklin and Electricity” and “America Seizing Lightning.” These two vignettes alone have made the denomination popular and highly collectible. Do not be confused if you see the year 1752 printed on them, this is a common mistake by new collectors. 1752 is the year Benjamin Franklin discovered electricity. It has nothing to do with the actual year in which the bank note was printed. Interestingly enough, you will find on the back of each ten-dollar 1875 national “DeSoto Discovering the Mississippi.”

Series of 1875 $20 National Bank Note

Series 1875 $20 National Bank Notes. Knowing exactly how many twenty-dollar 1875 notes were printed for this series would be good to know. In the late 1800s, $20 was a lot of money, which is when these were printed. This denomination is considered scarce on its own so the printing statistics don’t really matter. If you have this denomination for 1875, the likelihood of it being a rarity is pretty high.

Series of 1875 $50 National Bank Note

Series 1875 $50 National Bank Notes. The number of sheets printed for these bill doesn’t matter as the fifty-dollar 1875 national is down-right scarce. There are only about 35 known to exist from all banks around the country. It’s extremely rare for a discovery note to come into the market these days. For a low condition, bill prices will start at about $8,000 and dramatically spike from there when the condition is better. If you have a note that looks like the picture above, contact us and we will help you determine the best steps to get what you deserve for it.

Series of 1875 $100 National Bank Note

Series 1875 $100 National Bank Notes. There are only about 70 series 1875 one hundred dollar national bank notes known to exist from all banks around the country. Like many high denomination nationals, the number printed doesn’t matter too much when it comes to value. We’ve purchased many $100 nationals and would love to help you with yours as well. We have knowledge when it comes to grading the condition of the bill and determining the exact value. Send us a picture and we’d be glad to help you out today.

1902 $5 Red Seal National Bank Note

1902 $5 Red Seal National Bank Notes. Like all red seals, denomination and bank don’t matter as much as they do with blue seals. This is because all red seal national bank notes are very rare. But this does not always correlate to high value. The five-dollar red seals are considered the more scarce denomination since banks preferred printing higher denomination red seal nationals. You will see a portrait of Ben Harrison on the left side of every bill for this denomination. These bills will always have blue serial numbers, red charter numbers, and a large red floral seal. What truly determines the value of your note will be its serial number, the bills condition, and the date on the bill which will be between 1902 and 1908. We are interested in your $5 red seals, please visit our contact page today, we would love to help.

1902 $10 Red Seal National Bank Note

1902 $10 Red Seal National Bank Notes. Regardless of sheets printed, red seals are typically uncommon and had a lower survival rate. These notes are almost always more valuable than their blue seal counterparts. Often times these red seal 1902 bills were the rarest type of currency a national bank would have ever printed during its time. Interestingly enough, these notes weren’t only printed in 1902, but for about six years between 1902 and 1908. For the time, six years is considered a short period of time which is likely part of the reason they are so scarce today. Every bill from this series will have William McKinley’s portrait on the left-hand side of the note. Make sure to always check the number located directly under McKinley. If you see the #1, then what you have is a note from the first sheet of bank notes issued. Low serial number currency will almost always hold a premium, that along with red seal nationals being rare, to begin with. We would love to see a picture of what you have.

1902 $20 Red Seal National Bank Note

1902 $20 Red Seal National Bank Notes. Twenty dollar red seal bank notes have low survival rates. You’d think this means higher value, unfortunately, most of the time this is not the case. The ten-dollar red seal bank notes are almost always worth more, even though the $20 bills are more scarce. Every 1902 red seal note you see was printed from a sheet of four notes. There were three ten-dollar bills and one twenty-dollar bill per sheet. The 1902 $20 notes have a portrait of High McCulloch on the left-hand side. The seal and charter numbers are both printed with red ink, and the serial numbers are blue. You’ll notice the charter number is also printed around the entire bill along the borders of the note. The bank’s title is printed directly in the center of the note and below that is the state of issue. This is typical for most large-size national bank notes. Keep in mind all national currency values are based on rarity and condition. This applies to the $20 1902 red seals as well. If your note has a low serial number, it could also have more value. We will buy your old national red seal currency, contact us today.

1902 $10 Blue Seal National Bank Note

1902 $10 Blue Seal National Bank Notes. All 1902 $10 blue seal bank notes a portrait of William McKinley on the left-hand side of the bills. The values of these bills vary anywhere from $40 to over $10,000 depending on rarity and condition. These blue seal nationals are generally common and often times not very popular due to their more generic look. Despite this, we do still buy them aggressively and are always interested in what you have. There is no easy way to determine the value of national currency by doing a quick internet search. You need to speak to an expert (like us) who will help you determine the value of your specific type of bank note. What we look for is a combination of nearly a dozen factors which determine the value of the bill. We know exactly what to look for and we’re always happy to give free appraisals on your rare national bank notes as well as our best offer.

Series of 1929 Type 1 $5 National Bank Note

1929 Type 1 $5 National Bank Notes. Each 1929 $5 bill has a portrait of Abraham Lincoln in the center of the note. This denomination is the lowest of all small-size currency that any bank ever issued. All serial numbers will start with the letter A and end with a letter between A and F. It’s good to know all small-size bank notes were printed on sheets of six. This means if you take the number of sheets printed and multiply that number by six, you will get the total number of notes issued for the national bank. Like most bank notes, serial number 1 currency will almost always bring the value of the bill up significantly. If you have a five-dollar national bank note with serial numbers 1 through 10, we are always buying. Contact us today.

Series of 1929 Type 1 $10 National Bank Note

1929 $10 Type 1 National Bank Notes. Each 1929 $10 bill has a portrait of Alexander Hamilton in the center of the note. The $10 type 1 national bank note is the single most common national bank note, with over 65,000 known to exist from all banks. You should realize the charter number does not matter when it comes to determining the value of these notes. Like most bank notes, serial number 1 currency will almost always bring the value of the bill up significantly. If you have a ten-dollar national bank note with a serial number 1, we are always buying.

Series of 1929 Type 1 $20 National Bank Note

1929 $20 Type 1 National Bank Notes. Each 1929 $20 bill has a portrait of Andrew Jackson in the center of the note. Most of the time the rarity for these types comes with a special serial number. Serial number 1 notes will always come with a nice premium since there is a specific niche market for this type. Like always, there are exceptions to the rule, and if you don’t have a serial number 1 note, you could still have a rare note based just upon rarity and condition alone.

Series of 1929 Type 2 $5 National Bank Note

1929 $5 Type 2 National Bank Notes. The five-dollar 1929 was a popular and easy denomination for national banks. Remember that $5 could buy a lot in 1929 and early 1930s. These 1929 type 2 five-dollar bank notes are available by the masses today and are typically worth $30 to $50 in average condition. However, there are some notes which can be exceedingly rare. The exact value will almost always depend on the overall condition and bank of issue for the specific bank note. We are always happy to talk, contact us today for a free appraisal.

Series of 1929 Type2 $10 National Bank Note

1929 $10 Type 2 National Bank Notes. The easiest way to tell the difference between a type 1 national and a type 2 national are the serial numbers. A type 1 national serial number will end with a letter and a type 2 national serial number will end with a number. Type 2 nationals are typically rarer than the earlier issues but unfortunately, there is no true difference in value. Most collectors in the market today are looking for either inexpensive notes to complete their collection or special serial numbers. If your note has a low serial number, like serial number 1, then your bill will have more value in the market.

Series of 1929 Type2 $20 National Bank Note

1929 $20 Type 2 National Bank Notes. The great part about these bills from 1929 is the fact they aren’t too old, something you can still find them in your change. While they would be easily spotted by any collector, there are times they go unnoticed. The twenty-dollar denomination isn’t very special when it comes to rarity or scarcity. The value for most small size national currency notes starts at around $50, regardless of denomination, and can go up from there depending on the condition and the bank which issued the note.

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