Serial Number One First Charter National Bank Notes

Serial Number One First Charter National Bank Notes

Serial number one first charter national bank notes were printed from 1863 until 1882. There were actually two different chances for first charter banks to print serial number one notes. If a bank was chartered before 1875 it would have issued both original series notes and series of 1875 notes. Both issues began with serial number one.

Furthermore, most early banks issued a lot of different denomination combinations. Each new denomination began with serial number one. So while 20th century banks could have just printed ten dollar notes, early banks could have printed ones, twos, fives, tens, twenties, and so on. And many larger banks did take advantage of all the denominations.

Serial number one notes are most commonly seen in the one and five dollar denomination for first charter notes. This is simply because the one or the five was the lowest denomination a bank likely issued. First charter twos, also called lazy deuces, are the most popular denomination among collectors of serial number one notes. It was of course possible for banks to save serial number one fifties and hundreds, but only two are known to exist for all banks in the entire country.

Of course the big question here is how much are serial number one first charter national bank notes worth?

Based on recent auction results, current dealer listings, and prior experience, the following are baseline prices for serial number one first charter notes:

$1 – $6,500
$2 – $8,000
$5 – $5,000
$10 – $10,000
$20 – $15,000
$50 – $50,000+
$100 – $50,000+

The above prices are for generic serial number one notes. If the note is from a rare bank or rare state then the prices could certainly be more.

We would encourage you to contact us by phone or email, info@rarenationalcurrency.com if you would like current pricing information for your specific note. We are interested buyers.