Jeff Smith, President and CEO Treasuredstocks.com

Jeff Smith, President and CEO Treasuredstocks.com
Jeff Smith

Wednesday, February 8, 2017

National Bank Notes - Idaho

National Bank Notes from the 43rd State

The state of Idaho (became a state in 1890, our nation's  43rd state) had 86 national currency issuing charters in 56 towns. There are approximately 1,120 Idaho national bank notes known, ranking it the 6th scarcest state just edging out Nevada at #7.  Six charters have bank notes that are unknown.

Treasuredstocks.com has the following Idaho-based National Bank Notes (alphabetical order):Ashton; Blackfoot; Boise; Caldwell; Idaho Falls; Lewiston; Malad City; Nampa; Parma; Preston; Saint Anthony; Salmon; Shoshone; Twin Falls; Wallace; Weiser, and others.

Salmon, Idaho is one Idaho City that stands out as significant and historical.


Between 1863 and 1929 (the National Banking Period) Idaho had 86 National Banks that issued currency. The Citizens National Bank of Salmon, Idaho (chartered in 1909) and the First National Bank of Salmon Idaho (chartered in 1906) were two of these historic banking institutions.

Salmon is the county seat for Lemhi County, Idaho. About 30 miles southwest of Salmon lies Lemhi Pass, the area through which the Lewis and Clark Expedition (1804-1806) traveled while crossing the continental divide. Their interpreter and guide from North Dakota to the Pacific Ocean (and very importantly the only woman) was the famous Sacajawea – a member of the Lemhi Shoshone Nation. 

Sacajawea was born near Salmon. To my knowledge, there are no US currency items with a Sacajawea picture. However, in the year 2000, our US Mint issued the famous Sacajawea Coin – one dollar – to honor her. 
The image on the coin is not the real image of Sacajawea. It is, actually, based on another Shoshone woman who posed for the artist. Unfortunately, we really do not have a true likeness of this amazing woman. In addition to the one dollar coin, the USS Sacajawea was named after her. 

Lemhi County has almost 8,000 residents with 4564 square miles of land; 3,112 of these persons live in Salmon. Salmon, a small rural community, is nestled in the mountains of central Idaho, along the Salmon River, its namesake. Mining, ranching, and lumbering are three main industries here. In addition to technical innovations and light manufacturing, Salmon boasts some of the world’s best whitewater rafting and outfitting. It is, in fact, the whitewater capitol of the world and serves as a passageway, just as it did for Lewis and Clark in 1805, to mountain streams, lakes, rivers, and forests.

In the early 1900s when mining and railroading were peaking in Lemhi County, these notes were produced as a quick and easy way to “barter” goods and services.

Come take a look at our Treasuredstocks.com 
Salmon, Idaho currency.
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For a look at some rare and collectible currency, visit us at
http://www.treasuredstocks.com/currency/

We are official members of multiple numismatic-related organizations. Thus, Treasuredstocks.com welcomes any and all questions regarding our coin and currency postings and our passion for collecting coins and currency of all types. 

We are here to assist you! Please give us a call at 870-670-4255 or email us at jeff@treasuredstocks.com

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How to Start a Currency Collection

I want to start collecting coins and currency items; where do I start?

Collectors of coins and currency do so for many reasons. One of the most common collector is the hobiest who collects more for fun and appeal, rather than profit. Often, this attraction begins as a child who, by chance or purpose, receives an item that is both fascinating and historical.

An increasingly popular reason to pursue collecting of coins and currency is to do so as an investment Persons who use collections as a kind of investing do so with the idea that the value of the items, in singular or total, will increase over time. Supply and demand is the key concept here as well as a critical understanding that collections do not “make” money until they are sold and may even incur costs, such as the costs of safe and secure storage.

A third type of collector is the person who acquires a collection via inheritance. This person may or may not have any real interest in the items but appreciates potential value.

One great advantage we have today is the internet. For example, take a careful look around our Treasuredstocks.com web site and you will see over 4,000 items, of all categories, grades, and prices, all graded and all in full color view. And now a bit about grading. A graded item allows collectors to speak the same language when it comes to the condition of the item.

The term “Numismatics” refers to the study or collecting of coin/currency. A numismatist is someone who does this by hobby or profession. Here is a great web site to use, when learning more about such an exciting field. There’s even several links specifically designed for children.

http://www.numismatics.tv/

We are official members of multiple numismatic-related organizations. Therefore, Treasuredstocks.com welcomes any and all questions regarding our postings and our passion for collecting coins and currency of all types. We are here to assist you! Please give us a call at 870-670-4255 or email us at jeff@treasuredstocks.com