Interesting Banknotes of Nevada
2018-07-30 Mon
The US government started issuing banknotes for National banks after the National Banking Act was introduced in 1863. As per this system, a national bank would first deposit United States Bonds at the Treasury Department and notes were printed based on their deposit. They were issued in large as well as small formats till 1935 with other types of notes were introduced. They featured the name of the issuing bank along the city and state, province, or territory of issuance.There were 16 banks in 13 different Nevada cities. Two of the issuing charters changed their name during their issuing period, due to which Nevada bank notes with 18 different names can be found. Some banks issued large and short format paper money in varying types.
Even though Reno is the only common bank in Nevada, they have a market value of $1,000. Austin, Carson City, East Ely, Elko, Ely, Eureka, Goldfield, Lovelock, McGill, Rhyolite, Tonopah, and Winnemucca are the other regions that issued notes of $5, $10, $20, $50 and $100 denominations.
Rhyolite and Austin notes have not yet been discovered by collectors. Experts believe that these notes would have a market value of six figures. When the National banknote system was revoked, the notes went into receivership and were destroyed. Only a few of these Nevada Notes exist, some of which have a market value of $10,000 to $100,000 while many have a market value of $40,000 to $100,000.
Image Courtesy: Northern Nevada Coin
Latest News
-
Gold Pagoda of Vijaynagar Empire King Deva Raya I
2024-04-10 WedKing Deva Raya I of the Vijayanagara Empire was a patron of Kannada literature and architecture. He ...
-
Silver Denarius of Septimus Severus
2024-04-05 FriLucius Septimius Severus served as the Roman emperor from 193 to 211 AD. Severus sat on the throne o...
-
Extremely rare 'Malaharamari' type Gold Gadyana of King Guhalladeva-III Sold for INR 611000
2024-04-03 WedTribhuvanamalla, also known as Guhalladeva III, was the ruler of the Kadamba dynasty. His reign coin...
-
90 Years of RBI
2024-04-02 TueOn 1st April, PM #Modi unveiled a special commemorative coin marking 90 Years since the foundation o...
-
Silver Denarius of Julia Mamaea
2024-04-02 TueJulia Avita Mamaea, a Christian Syrian noblewoman, was the mother of Roman Emperor Alexander Severus...