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Old Money from The First National Bank In McGehee | 13280

The First National Bank In McGehee

The First National Bank In McGehee in Arkansas printed $346,230 dollars worth of national currency. That is a pretty standard output. However, some types of currency from this bank could still be rare. This national bank opened in 1929 and stopped printing money in 1931, which equals a 3 year printing period. That means that money from this bank was not entering circulation very often. During its life, The First National Bank In McGehee issued 2 different types and denominations of national currency. We have examples of the types listed below. Your bank note should look similar. Just the bank name will be different. For the record, The First National Bank In McGehee was located in Desha County. It was assigned charter number 13280.

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The First National Bank In McGehee in Arkansas issued 6,018 sheets of $5 1902 blue seal national bank notes. That is a fairly standard sheet output for a national bank issuing blue seals. You likely aren’t dealing with a super common or a super rare bank note. Ben Harrison is on the front of all 1902 $5 blue seal bank notes. This happens to be the smallest denomination issued for the 1902 series. Each note is complete with a blue seal and blue charter number. Despite saying series of 1902, these were actually issued by national banks between 1908 and 1928. There are two different types of blue seals. The first type is called a date back and it has “1902-1908” written on the back of the bill. The other type is called a plain back; it does not have the date stamps on the back of the bill. The values for these notes range widely based on condition and the bank of issue.
1902 $5 Blue Seal National Bank Note

The First National Bank In McGehee printed 7,529 sheets of Type1 1929 $10 national bank notes. Sadly, based on a number that high, there is basically no chance for these notes to be especially rare. Each $10 bill from 1929 has a portrait of Alexander Hamilton on it. The black number written vertically is the charter number. The charter number never affects the value; it is just an identifier. The ten dollar type1 national bank note happens to be the single most common national bank note, with over 65,000 known to exist from all banks. Of course each note is valued based on its condition and rarity. Some are very rare.
Series of 1929 Type1 $10 National Bank Note

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