Old Money from The First National Bank Of Franklin | 50
The First National Bank Of Franklin
The First National Bank Of Franklin in Indiana printed $257,840 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 1863 and stopped printing money in 1877, which equals a 15 year printing period. That is actually quite brief in terms of bank existence. During its life, The First National Bank Of Franklin 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 Of Franklin was located in Johnson County. It was assigned charter number 50.
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The First National Bank Of Franklin in Indiana issued 2,000 sheets of $5 original series national bank notes. A print range between 1,000 and 2,500 is small. Combine that with something that was printed before 1875 and you can imagine that these notes are few and far between. Each five dollar original series bank note has a spiked red seal. That is pretty much the only design difference between it and later issues. These are really beautiful notes. One neat thing about these is that the back of each note has a vignette of the corresponding state seal. Some of the state seals are very imaginative. Collecting by state seal was very popular early on in the hobby. Today most collectors are more concerned about bank of issue and condition. Serial number one bank notes are also extremely popular.
Original Series $5 National Bank Note
The First National Bank Of Franklin printed 5,446 sheets of $10 original series national bank notes. Just because a print range is between 5,000 and 10,000 doesn’t mean that individual notes will be easy to buy. That number isn’t really high or low. Some notes are extremely rare and some could be from a hoard. Values are determined based on condition and the number of known survivors. These notes were issued during the glory days of the national bank note era. Each $10 bill was pen signed by the president and cashier of the bank. Small towns and large cities both issued these notes. Of course the small town issuers tend to be scarcer today. Prices range from $500 to thousands of dollars (and more if the condition and rarity warrant it). Contact us if you need help valuing your bank note.
Original Series $10 National Bank Note