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Some Advice And Tips When It Comes To National Bank Notes

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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 02/24/2017  3:22 pm Show Profile   Bookmark this topic Add MeadowviewCollector to your friends list Get a Link to this Message Number of Subscribers
I haven't posted much related to this collecting area in a while. I continue to hunt for specific notes and related ephemera however I have hit a dry spell.

I and others have posted in various threads snippets of advice and tips when it comes to collecting. Gathering up this information in one spot may be beneficial to others.

My go to reference book is Don Kelly's National Bank Notes. The most recent edition is the 6th. It comes with a census CD which is easily searchable.

Internet reference sources: Heritage Auction archive, Lyn Knight auction archive, ebay sold listings, Stacks Bowers archive and Manifest Auction archive

Condition of notes: nationals can come ratty looking, beat up with flaws on the low end; on the opposite spectrum there are well preserved ones. As a collector, you will have to decide for yourself. For some banks, states, types, denominations, etc. with few notes known you may have to settle for a low grade or flawed specimen if you want to own one.

You can be choosy when it comes to prolific big city banks with multiple examples reported of a type (e.g. Series 1902 Plain Back) that are sold on a regular basis. No reason to settle for a ratty example if a nice example costs about the same.

After a while, you learn which banks and cities in a state surface on a regular basis. Best advice is to start small---meaning focus on a single state or even a city in that state...otherwise a person risks information overload and burnout.

Ways to Collect: There is no right way or wrong way to collecting nationals. You (the collector) decide among the myriad of choices available--the list below are some ideas

-one note from every bank in a state
-one note from every state in the lower 48
- private named banks
- a denomination set for 1 bank
-type set (Original Series, Series 1875, Series 1882, Series 1902, Series 1929)

Overall, just have fun whether you have one national or multiples the pursuit can bring plenty of enjoyment.

-MV
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SteveInTampa's Avatar
United States
4637 Posts
 Posted 02/24/2017  3:43 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Great advise MVC....Love me some Nationals!
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yakimaboy's Avatar
United States
519 Posts
 Posted 02/24/2017  3:51 pm  Show Profile   Bookmark this reply Add yakimaboy to your friends list Get a Link to this Reply
Nice summary of good information, MV. Thanks for doing this. I have been thinking lately that interest and activity in US Nationals has declined. What do you think? My main desire is to get a large size National from Yakima, Wa, but I have not seen any lately.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 02/24/2017  5:44 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good input as always and thanks, MVC.
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 02/25/2017  1:12 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
yakima,

If I recall correctly, the most recent peak in the world of nationals occurred in 2008. Nationals were "hot" and the market was booming.

I don't know if the economic recession was the main cause interest and prices dropped OR if the national bank note market ran out of steam on its own.

Wishing you plenty of good luck in finding the Yakima national you're after. I'll keep an eye out for one.

-MV
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yakimaboy's Avatar
United States
519 Posts
 Posted 02/25/2017  2:16 pm  Show Profile   Bookmark this reply Add yakimaboy to your friends list Get a Link to this Reply
Thanks MV. The latest Kelly only shows a census of 8 large Nationals from all Yakima charters, although I know the Kelly book is not aware of all notes. The prices realized in Heritage for them is big bucks.
Edited by yakimaboy
02/25/2017 2:20 pm
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babysitr's Avatar
United States
1339 Posts
 Posted 02/25/2017  8:18 pm  Show Profile   Bookmark this reply Add babysitr to your friends list Get a Link to this Reply
Thanks Meadowview..Even though I collect some coins, my main love is collecting Nationls from one Illinois bank.I have almost my entire collection graded, mostly for conservation, and ease of passing forward to my children..For me there is a lot of pleasure in the hunt,even though some are overpriced, and I may be part of that problem,so I am told! Hope to hear more from you and SteveinTampa about your nationals
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