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Old Money from The First National Bank Of East Franklin | 4563

The First National Bank Of East Franklin

The First National Bank Of East Franklin in Kentucky printed $808,000 dollars worth of national currency. That is a high amount, but condition and serial numbers can make otherwise common currency from this bank quite valuable. This national bank opened in 1891 and stopped printing money in 1930, which equals a 40 year printing period. That is a fairly normal lifespan for a national bank. During its life, The First National Bank Of East Franklin issued 8 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 East Franklin was located in Fulton County. It was assigned charter number 4563.

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The First National Bank Of East Franklin in Kentucky printed 1,708 sheets of $50 1882 brown back national bank notes. Not many banks printed $50 1882 brown backs. Sheet outputs aren’t extremely important. However, it is good factual information to know. The most common 1882 $50 brown backs are worth about $5,000. However, some can be worth more than $10,000 based on condition, serial number, and bank of issue.
Series of 1882 $50 Brown Back

The First National Bank Of East Franklin printed 1,708 sheets of $100 1882 brown back national bank notes. Just because this bank printed more than 1,000 one hundred dollar brown backs does not mean that they are all common. We are very interested in purchasing $100 1882 brown back national bank notes. We have paid more than $15,000 for some examples. Send us pictures of what you have and we will respond quickly with an appraisal and offer.
Series of 1882 $100 Brown Back

The First National Bank Of East Franklin also printed 11 sheets of $50 1882 blue seal national bank notes. High denomination 1882 blue seals like this are not frequently encountered, regardless of the number of notes printed. There is a big difference between the two types of 1882 $50 blue seals. The variety that says “1882-1908” on the back is rare, but no where near as rare at the type that says “Fifty Dollars.” The second variety is extremely rare and only about a half dozen are known to exist. The first type should still be worth at least $4,000. The second type is a five figure rarity though.
1882 Blue Seal $50 National Bank Note

The First National Bank Of East Franklin also printed 11 sheets of $100 1882 blue seal national bank notes. The number of sheets printed doesn’t matter too much here. All 1882 $100 blue seals are rare. They were issued by a total of 256 total national banks in the country. The rare 1882 value backs were only printed by banks in Dayton, Ohio and New Orleans, Louisiana. The slightly more common date backs are much more plentiful but still rare in the scheme of things.
1882 Blue Seal $100 National Bank Note

The First National Bank Of East Franklin also printed 9,749 sheets of $10 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. 1902 $10 blue seal bank notes all have a portrait of William McKinley on them. Values can range from as little as $40 up to over $10,000. There really is no trick to know what is rare and what is common by just doing an internet search. You really need to work with an expert (like us) in order to determine the value of your specific bank note. There are at least ten different factors than can make some 1902 $10 blue seals worth more than others. We know exactly what to look for and we would be happy to provide a free appraisal and our best offer.
1902 $10 Blue Seal National Bank Note

The First National Bank Of East Franklin also printed 9,749 sheets of $20 1902 blue seal national bank notes. The same rarity rules for 1902 $10 blue seals also apply to $20 blue seals. Just remember that $20 bills are by nature three times rarer (unfortunately they don’t command a premium over other denominations). Hugh McCulloch is pictured on the front of each bill. Contact us if you need pricing help.
1902 $20 Blue Seal National Bank Note

The First National Bank Of East Franklin also printed 685 sheets of Type1 1929 $10 national bank notes. This is a small print range, but it does not guarantee rarity. 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

The First National Bank Of East Franklin also printed 180 sheets of Type1 1929 $20 national bank notes. That is an extremely small sheet printing number. Survivors are still likely but definitely not guaranteed. Andrew Jackson is featured on the front of each 1929 $20 bill. Be sure to take note of the serial number on your specific bank note. If it is 000001 then you can expect a nice premium. There is a special market for serial number one bank notes. Of course, even if the number isn’t #1, it could still be collectible and have a high value just based on its condition and rarity alone.
Series of 1929 Type1 $20 National Bank Note

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