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Just 420 Red Seal sheets issued by New Mexico bank

By Peter Huntoon

The smallest number of any sheet combination issued in either the territory or state of New Mexico was 10 sheets of 1902 Date Back 10-10-10-20 notes from The First National Bank of Texico, New Mexico Territory. The bank was small, so the bankers issued a meager 420 Red Seal sheets from the same combination.

Their Date Back emission was cut short because they liquidated their bank in 1909, shortly after they began receiving Date Backs from the comptroller. Later, it was revealed that the bank was insolvent. Believe it or not, there is a reported survivor from the bank, a $10 Red Seal.

As you might expect, Texico is situated directly on the Texas line on the eastern plains of New Mexico, just east of Clovis. There are a little over 1,100 people living there now.

 

This article was originally printed in Bank Note Reporter. >> Subscribe today.

 

More Collecting Resources

• The Standard Catalog of United States Paper Money is the only annual guide that provides complete coverage of U.S. currency with today’s market prices.

• When it comes to specialized world paper money issues, nothing can top the Standard Catalog of World Paper Money, Specialized Issues .

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