Directions play a part in quite a few different ways in life, including when you collect paper money from the early 1800’s. During this time, it was up to the banks to produce paper money. The banks would file for a charter with the United States government—this would allow the bank to produce their own paper money.
Collectors often look for paper money in a couple of ways for their collections—and going a certain direction will often help them out. They will look for a certain bank, city or even the state the money was produced in. I have even heard of collectors looking for anything that is west of the Mississippi. You could even look for something in the southern states like Alabama or even Louisiana.
The east coast area has quite a few different banks that offered paper money. This was true up to the Mississippi (the father west you went there were fewer banks to run into). The gold rush in California that started in 1848 was what helped bring some banks (and eventually a United States Mint in San Francisco) that far west.
If there was a major metropolitan area, the more banks were likely to be there. One way to keep things interesting is to only look for banks that were on the east side of town.
Even up north in places like North Dakota, Washington state and even Alaska have very few banks at all. There have been a few bills (collectors also call them “notes”) to turn up for a few banks in these states. For obvious reasons, these are highly sought after.
What cities and states have you seen on this type of paper money?