$20 Bill From 1929 From....la Junta?

Interesting note and nice low serial.

Surprised to see how far back this bank goes, with several Brown Backs outstanding.

MV - Does this mean, then, that there were originally at least 6 serial #1 notes for each and every national bank, no matter how small?

I had not really thought about this. Not sure now many NBs issued small notes (total charters were over 14K but many closed before the small note era), but assuming, say, 10K issuing banks, that would be around 60K serial #1 notes (in theory) for each denomination issued by all banks - let's say $5s and $10s? Zowie.

I'm not really a NBN collector and didn't understand the numbering sequence on the 6-note sheets. An eye-opener for me. Doh.

Hard to say on value. There's not a whole lot of online history of previous sales.

If I had to guess, I'd say anywhere from $250-$400.....maybe even more if you get two bidders that really need/want the note.

I'm not sure the OP has been back since the initial thread post.

To answer CoinFrog's question: Yes, for banks that issued Type 1 notes regardless of denomination there were six #1 notes per sheet. However when the switch to Series 1929 Type 2 occurred, there was only one #1 note per sheet.

Here's a Type 2 sheet as an example https://currency.ha.com/itm/nationa...tion-071515#

True some banks saved the #1 sheets these being the $5, $10 or $20 denominations. I think I have mentioned previously that a gentleman wrote to banks to encourage them to order the new small size notes and he'd pay X amount depending on the denomination for the #1 sheets of $5's, $10's and/or $20's. Meanwhile, he had convinced Col. Green (of coin buying fame) to collect sheets of serial number 1 nationals. He then turned around and sold the sheets he bought to Green at a hefty profit.

Sheets of serial #1 Type 1 $50's and $100's were not on the buy list as the cost per sheet was likely more than Green would have been willing to spend.

After Green died, his estate wound up depositing several of these sheets for face value at the New York Federal Reserve bank. If I remember correctly, lists of the bank and denominations were sent to the Federal Reserve district where the bank was located to see if anyone was interested in buying them. Ultimately, the unsold sheets were then returned and destroyed.

-MV