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Stockmens National Bank Cotulla Texas national currency

bidaskbidask Posts: 14,017 ✭✭✭✭✭
in U.S. & World Currency Forum

What’s it worth ?
Belongs to a friend who wants to sell it .

Thank you in advance.


I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.




Comments

  • numbersmannumbersman Posts: 1,039 ✭✭✭✭

    Cool note...better note...PM sent.

    Collector of numeral seals.That's the 1928 and 1928A series of FRNs with a number rather than a letter in the district seal. Owner/operator of Bottom Line Currency
  • 291fifth291fifth Posts: 24,347 ✭✭✭✭✭

    ... at least $20. :)

    All glory is fleeting.
  • sellitstoresellitstore Posts: 2,879 ✭✭✭✭✭
    edited December 4, 2020 4:48PM

    My auction estimate would be $3000-$5000. As a seller I wouldn't be happy if it sold below $2000. As a buyer, I'd want to pay $1500. I'd probably consign it to Heritage or Stack's and you might want to do this for your friend and cut out the middle man.

    Track and Price shows four notes known on the bank-all $10s. This is the first reported $20 in T&P. A discovery note for the denomination. The bank only issued type 2 $10s and $20s. 14,000+ charter number makes this even more desirable. If you collect those, this is a toughie, with five notes now known on this bank. And there are always collectors for Texas.

    You may not love money but someone would love to own this piece of money. I don't love money either but I have a strong and solid friendship with it. ;)

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • johnny9434johnny9434 Posts: 28,344 ✭✭✭✭✭

    Nice note

  • coinkatcoinkat Posts: 23,115 ✭✭✭✭✭

    Very rare... wow

    Experience the World through Numismatics...it's more than you can imagine.

  • Steve_in_TampaSteve_in_Tampa Posts: 1,960 ✭✭✭✭✭

    Scarce Texas National. I’d be surprised at $3K-$5K seeing that serial #1 went for $2.5K, but it should do well especially if two or more enthusiastic bidders get involved.

  • 291fifth291fifth Posts: 24,347 ✭✭✭✭✭

    The note may be rare but the collectors with money may be even more rare. Unless you are really wired in to the market for Texas Nationals there is no way to know. Specialist dealers probably would know. You would be wise to contact them if you want to sell the note. See how much interest they show before making any final decision on what to do.

    Nationals are a thin market and dangerous as a result.

    All glory is fleeting.
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭

    @291fifth said:
    The note may be rare but the collectors with money may be even more rare. Unless you are really wired in to the market for Texas Nationals there is no way to know. Specialist dealers probably would know. You would be wise to contact them if you want to sell the note. See how much interest they show before making any final decision on what to do.

    Nationals are a thin market and dangerous as a result.

    I have 4 offers from this board alone !

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • 291fifth291fifth Posts: 24,347 ✭✭✭✭✭

    @bidask said:

    @291fifth said:
    The note may be rare but the collectors with money may be even more rare. Unless you are really wired in to the market for Texas Nationals there is no way to know. Specialist dealers probably would know. You would be wise to contact them if you want to sell the note. See how much interest they show before making any final decision on what to do.

    Nationals are a thin market and dangerous as a result.

    I have 4 offers from this board alone !

    I hope the offers are serious. It sounds like your friend will do well with this note without having to go the auction route.

    All glory is fleeting.
  • coinkatcoinkat Posts: 23,115 ✭✭✭✭✭
    edited December 5, 2020 6:39AM

    not surprised with 4... I suspect there will be more

    edited to add... I think the later charter numbers in the 13000-14000 are interesting based on the Depression. Some of these late chartered banks had a short life which documents the severity of how bad the economy really was...

    Experience the World through Numismatics...it's more than you can imagine.

  • coinkatcoinkat Posts: 23,115 ✭✭✭✭✭

    So...has an offer for the note been accepted? Curious in that I have never seen the note before

    Experience the World through Numismatics...it's more than you can imagine.

  • 291fifth291fifth Posts: 24,347 ✭✭✭✭✭

    @coinkat said:
    So...has an offer for the note been accepted? Curious in that I have never seen the note before

    Yes, we want to hear "the rest of the story".

    All glory is fleeting.
  • sellitstoresellitstore Posts: 2,879 ✭✭✭✭✭

    Yes, and the rest of the story will be written when the note is sold at auction. I'm not "wired in" to the Texas market but I'm willing to take a chance with a good offer.

    I'll make the rest of the story a little more interesting. If the note nets more than $2000, I'll be making a nice donation to the sellers favorite charity.

    Does it belong in Heritage or Stack's? I'm leaning towards Heritage.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • coinkatcoinkat Posts: 23,115 ✭✭✭✭✭

    I am not trying to stick my nose where it does not belong... I was just curious if the note changed ownership and the thread now reads as if that transpired with the prospect of it going Heritage for auction

    Experience the World through Numismatics...it's more than you can imagine.

  • sellitstoresellitstore Posts: 2,879 ✭✭✭✭✭

    That is correct.

    There is nothing wrong with being curious and asking and I see no reason not to be open and honest about this.

    I just hope that the seller doesn't mind. I'm happy to give @bidask a positive review of our transaction and recommend him for future BST or other transactions.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • 291fifth291fifth Posts: 24,347 ✭✭✭✭✭

    I'm surprised you bought it if you don't know the answer to the question about what auction house to use. I don't know the answer myself but then I have been out of the paper money market for many years and don't have a feel for it at all.

    All glory is fleeting.
  • sellitstoresellitstore Posts: 2,879 ✭✭✭✭✭

    It's not that "I don't know the answer". I've done much business both buying and selling with both of them for over four decades. But I recognize the fact that I can still benefit from hearing from others, so I like hearing opinions and experiences from others.

    The fact is that I'm not particularly fond of either of them but believe that they are my best options for auction.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
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