Single-Digit Serials On National Currency

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Author	Replies: 6 / Views: 1,900
captaincoffee Pillar of the Community United States 600 Posts	Posted 04/30/2021 4:26 pm I'm looking for some expertise (looking at you, steveintampa) on how much of a premium a single-digit serial National Currency note would have in comparison with other types of notes. With so many chartered banks, there are obviously more examples of low-serial numbers out there than would be the case for US notes, silver certificates, federal reserve notes, etc. Obviously I know the actual value depends on the condition of the note...that's not what I'm asking about here. I'm wondering if number of possible notes available with National Currency (thousands) makes them considerably less desirable to the folks that would otherwise pay substantial premiums for single digit notes. Anyhow, here's the note in question. The bank is listed as a 3 (out of 6) on the old Krause rarity guide, so not common but not very rare. I'm not a serial number collector, but it did recently purchase this note, so I'm curious. Report this Post to the Staff

SteveInTampa Pillar of the Community United States 4637 Posts	Posted 04/30/2021 4:56 pm Small size Nationals achieve value several ways. Rarity of the charter, condition and serial number. Serial #1 sheets were often saved and because some smaller charters didn't issue many notes and the serial number is only six digits, low serial numbers on Nationals don't command as much of a premium as FRNs, SCs, LTs and others. If a similar note as yours with a three of four digit serial number cost $175, then I would expect your note to sell for approximately $100 more. Nice note. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 04/30/2021 4:58 pm All six $5 S/N 0001 small Type 1 notes and all six $10 S/N 0001 small Type 1 notes on this bank are preserved in CU condition, which would tend to lower the value of your (beautiful) S/N 0009 note, listed in the census as EF. About 3 years ago I paid just over $700 for a CU $20 Type 1 National with S/N 0002 on a scarcer bank. Difference was, this was the lowest Type 1 or 2 S/N known on that bank, whereas yours would rank no better than 13th if you follow. Gets complicated. Edited by Coinfrog 04/30/2021 6:54 pm Report this Post to the Staff
hfjacinto Pillar of the Community United States 7273 Posts	Posted 04/30/2021 5:13 pm El Capitan del cafe, nice note! My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
captaincoffee Pillar of the Community United States 600 Posts	Posted 04/30/2021 5:45 pm @steveintampa, thanks for confirming! That was more-or-less my thought, so glad to hear I was on target. @coinfrog, that's very useful information. Where did you pull it from? That's a lot more detail than I can see just looking at the PMG or PGCS population reports. I have some old reference books that break down the rarity of the various banks, but knowing exactly how many notes are out there at various grades would be useful if I ever decide to move up to the big leagues and buy some high-end notes. What a great forum. Post a question, and get expert opinions within an hour. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 04/30/2021 6:43 pm CC - See my edited post above. I use the somewhat outdated (but one-time only cost) Don C. Kelly census CD for information on Nationals, which works fine for me because I don't really collect this series. See http://www.donckelly.com, click "Books", price $70 with CD). Serious collectors pay $125 and up annually for continually updated information on the Track-and-Price service. Feel free to contact me. Edited by Coinfrog 04/30/2021 7:54 pm Report this Post to the Staff
jonjrl1963 Valued Member United States 235 Posts	Posted 04/30/2021 10:27 pm Also, Type 1's have SIX 00001 Type 2"s have ONE Report this Post to the Staff
	Replies: 6 / Views: 1,900

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