I have a question regarding Nationals, hopefully someone can help. I have the Kelly book but my question is...is there a state by state ranking of overall rarity? How come, lets say a 1929 PA $10 note with less than 5 known notes is offered a low price and in other state the same less than 5 known note costs quite a bit more money both within the same grade? What determines this difference? Any info is appreciated !!!
Some collectors want a single note or many from one city. Some collectors want a note from every city in their state. Some collectors want a note from every bank in their state. Some collectors want a note from each state. Some collectors want a note from every bank. Number 1 and 4 seem to be the most common. Since PA is a very common state a low number there won't have the desire of any bank in HI due to those collectors looking for one in each state. Higher prices can be found in states that have fewer overall banks (and bills released) and those that didn't become a state until after 1800. (territory notes)
But demand is also driven by people that do stuff like one note from each state - thus those out of staters drive up demand. There are a lot more notes from Ohio, Pennsylvania, NY than states like Wyoming or Montana.
But demand is also driven by people that do stuff like one note from each state - thus those out of staters drive up demand. There are a lot more notes from Ohio, Pennsylvania, NY than states like Wyoming or Montana.
Some states also have very small serious collector pools. The entry or exit of one or more serious collectors will have a dramatic effect on that states national bank notes.
Don C. Kelly and his Ohio Nationals and Lowell Horwedel's collection of California nationals come to mind. Even if you have some unique and unreported notes like I do - prices plummeted at least with Ohio.
