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Old Money from The Farmers National Bank Of Rake | 11735

The Farmers National Bank Of Rake

The Farmers National Bank Of Rake in Iowa printed $26,580 dollars worth of national currency. In the scheme of things, that is a very tiny output. Notes from this bank should be rare. This national bank opened in 1920 and stopped printing money in 1933, which equals a 14 year printing period. That is actually quite brief in terms of bank existence. During its life, The Farmers National Bank Of Rake 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 Farmers National Bank Of Rake was located in Winnebago County. It was assigned charter number 11735.

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The Farmers National Bank Of Rake in Iowa issued 388 sheets of Type1 1929 $5 national bank notes. That may sound like a very small number, and it is. However, when it comes to small size notes, that print range usually allows for a handful of survivors. Every 1929 $5 bill has a portrait of Abraham Lincoln on it. This is also the lowest denomination of small size national currency that any bank issued. All serial numbers end with the letter A and start with a letter between A and F. Remember that you can take the total number of sheets printed and multiply it by six get to the actual number of bank notes printed for this denomination. All small size national bank notes were printed on sheets of six.
Series of 1929 Type1 $5 National Bank Note

The Farmers National Bank Of Rake printed 249 sheets of Type1 1929 $10 national bank notes. That may sound like a very small number, and it is. However, when it comes to small size notes, that print range usually allows for a handful of survivors. 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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