(). Anthony TSCHIRGI and Ruth Tschirgi Berry, Appellants, v. The MERCHANTS NATIONAL BANK OF CEDAR RAPIDS, Iowa, as Executor. The Merchants National Bank Of Cedar Rapids in Iowa printed $3,, dollars worth of national currency. Over $1,, face value is a lot of money. Citation. David Gebhard and Gerald Mansheim, "Merchants National Bank", [Cedar Rapids, Iowa], SAH Archipedia, eds. Gabrielle Esperdy and Karen Kingsley.
Merchants national bank cedar rapids iowa -
However, some types and denominations of currency from this bank could still be rare. This national bank opened in and stopped printing money in , which equals a 55 year printing period.
That is considering a long operation period for a national bank. We have examples of the types listed below. Your bank note should look similar. Just the bank name will be different. It was assigned charter number We buy all national currency. Please call or email us for a quote.
Sales AntiqueMoney. That is a high issue number for a national bank. You are likely not dealing with a rare bank note. However, the exact value is still based on condition and a number of other factors.
You might be surprised at the value. Some banks exclusively issued five dollar bills. These notes have a rounded red seal and red serial numbers. They also all have a red charter number. There are only about 35 known to exist from all banks in the country. To make matters worse, these are not being discovered much at all these days. The supply is pretty constant, as is the demand.
The actual value is based on condition and bank of issue. We can help you grade and value any national bank note. However, it is good factual information to know.
Just because this bank printed more than 1, one hundred dollar brown backs does not mean that they are all common. Send us pictures of what you have and we will respond quickly with an appraisal and offer.
These were only issued by banks for about ten years at the most. So it is unusual to see such a high sheet output. This will likely be a common issue unless it is rare signature combination variety. All of these notes say series of but they were actually printed between and There is also a date on these notes that is between and That date is written in cursive text and it represents when the bank was chartered or re-chartered.
Some of the so called value back notes have a chance to be really rare. Most of the earlier notes that say on the back are likely going to be relatively common. The designs are exactly the same on the front. Each has a blue seal and charter number. That is the same number of sheets as the ten dollar denomination.
There was only one twenty dollar bill per sheet. As with any national bank note, the exact value is still based on the condition, serial number, and bank of issue. Once a bank prints more than 10, sheets of blue seals it becomes very difficult for those notes to be rare. 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.
We know exactly what to look for and we would be happy to provide a free appraisal and our best offer. Hugh McCulloch is pictured on the front of each bill. Contact us if you need pricing help. There is no trick to knowing which blue seals will be common and rare. The value still comes down to condition and demand. That is a surprise to most people. They were printed on the same sheets. John J Knox is printed on the front of each bill. Most collectors like the back design a lot more though.
It is really unique and different from most other national bank notes. They are both equally common or equally rare, depending on how you look at it.
Sadly, based on a number that high, there is basically no chance for these notes to be especially rare. The black number written vertically is the charter number.
The charter number never affects the value; it is just an identifier. The ten dollar type1 national bank note happens to be the single most common national bank note, with over 65, known to exist from all banks. Of course each note is valued based on its condition and rarity. Some are very rare. That is a pretty typical sheet output for a national bank during the small size era.
Be sure to take note of the serial number on your specific bank note. If it is then you can expect a nice premium.
There is a special market for serial number one bank notes. This is a small print range, but it does not guarantee rarity. This is a higher denomination that was only printed by different national banks. Many examples are only worth around a few hundred dollars. That is an extremely small sheet printing number.
Survivors are still likely but definitely not guaranteed. Despite saying series of , all type1 national bank notes were actually printed between and Most are relatively common.
However, as with anything, there are always exceptions to that rule. Type2 national bank notes are already rare to begin with. A printing of less than 1, is especially low. Type2 notes have a serial number that ends with a number.Hanlon v. If the evidence including the agreements does not disclose a wrongful purpose, or acts designed to damage the corporation or injure the other stockholders, should equity deny the right of specific performance under a valid merchants national bank cedar rapids iowa legal option to buy stock? However, Mrs. Be sure to take note of the serial number on your specific bank note. Cook v. The element of illegality must be of such a nature that to enforce or recognize a transaction tainted thereby would be clearly contrary to public policy and welfare. That is a surprise to most people.
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