1863 $1 national bank note
An 1863 Series $1 national bank note from The Miners National Bank of Salt Lake, photographed by Heritage Auctions. While this note was not printed for the First National Bank of Utah, First National absorbed the Miners National Bank in 1869, so there is corporate continuity. The vignette in the center, entitled “Concordia,” existed on all $1 national bank notes printed from 1863-1878. This printing series represents the first issues of national bank notes and are some of the hardest to find today. In these early notes, printing style was not universal, as this bill lacks its charter number (#1646). The grading condition “20” indicates that it experienced circulation but remains in very good condition visually, retaining most of its color, with no visible damage. From 1863-1928, currency was 30% larger in size, and shrunk in 1929 to save on printing costs. This note sold for $24,600 in 2023.
| Source: Heritage Auctions. “$1 Original Fr. 380a The Miners National Bank Ch. # 1646,” available at https://is.gd/ZX1LmT.