Old Money from The German National Bank Of Louisville | 2062
The German National Bank Of Louisville
The German National Bank Of Louisville in Kentucky printed $981,730 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 1872 and stopped printing money in 1897, which equals a 26 year printing period. That is a fairly normal lifespan for a national bank. During its life, The German National Bank Of Louisville issued 13 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 German National Bank Of Louisville was located in Jefferson County. It was assigned charter number 2062.
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The German National Bank Of Louisville in Kentucky printed 2,466 sheets of $1 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. One of the most interesting things about early first charter one dollar national bank notes is all of the different slight variations you can find. Some notes have a red charter number, others do not. Some have red serial numbers and some have blue serial numbers. Some are printed on white paper and others are printed on paper with a slight blue tint. You can really find lots of different ways to collect these. Generally speaking, prices for “first charter aces” are down from their highs. So there are some bargains in this arena of collecting.
Original Series $1 National Bank Note
The German National Bank Of Louisville printed 2,466 sheets of $2 original series national bank notes. It is important to know production numbers for original series two dollar bills for informational purposes. All $2 bills printed before 1875 are very rare and highly desirable. Most survivors represent the only known example for that bank. Collectors call these $2 bills lazy deuces. The large two on the face of the bill is pictured horizontally, thus making it look lazy. Don’t be fooled by the silly name though. These can be worth significant amounts of money on many occasions.
Original Series $2 National Bank Note
The German National Bank Of Louisville also printed 3,000 sheets of $5 original series national bank notes. It is actually pretty standard for an early national bank to have a sheet output range between 2,500 and 5,000. The exact value of a bill is still going to be based on the number of notes known and the condition of each bank note. 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 German National Bank Of Louisville also printed 800 sheets of $10 original series national bank notes. Any issue of less than 1,000 sheets should be considered extremely scarce. The survival rate for that output is miniscule at best. Rarities like this are of extremely high interest to us. 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
The German National Bank Of Louisville also printed 800 sheets of $20 original series national bank notes. That issue number may or may not sound like a lot of sheets depending on your experience with collectible currency. However, all original series $20 bills are rare. The production amount is irrelevant when it comes to values. These seem like common issues until you want to buy one. These just aren’t readily available from rare banks in very fine or better condition. We definitely feel like these are undervalued in today’s market.
Original Series $20 National Bank Note
The German National Bank Of Louisville also printed 1,187 sheets of $50 original series national bank notes. The printing number for original series $50 bills is irrelevant. There are only about 35 known to exist from all banks in the country. Despite being extremely rare, condition is still very important. Lots of first charter fifty dollar bills are heavily circulated; there are significant premiums for anything that grades extremely fine or higher.
Original Series $50 National Bank Note
The German National Bank Of Louisville also printed 1,187 sheets of $100 original series national bank notes. The same piece of advice applies here as it does to first charter fifties. These are rare enough to the point that printing numbers don’t matter. The same condition guidelines apply to original series $100 bank notes. These traded hands frequently and are often found in “well-used” states today. As with other bank notes, there can be huge price gaps between different grade points.
Original Series $100 National Bank Note
The German National Bank Of Louisville also printed 7,076 sheets of $10 series of 1875 national bank notes. A print range between 5,000 and 10,000 is a pretty high number. But you have to remember we are talking about bank notes from the 1870s and 1880s. Even banks with high issue numbers could be rare today. The two vignettes seen on 1875 $10 bank notes are “Franklin and Electricity” and “America Seizing Lightning”. These notes occasionally confuse novices because the year 1752 is printed on them. That is when Benjamin Franklin discovered electricity. It has nothing to do with when these bank notes were issued. The back of each $10 bill has “DeSoto Discovering the Mississippi.”
Series of 1875 $10 National Bank Note
The German National Bank Of Louisville also printed 7,076 sheets of $20 series of 1875 national bank notes. The exact number of series of 1875 $20 national bank notes printed by this bank is good to know. Don’t expect a high number to lower the value or a small number to increase the value. These notes are scarce enough on their own that the stats don’t really matter. Twenty dollars was a lot of money between 1875 and 1901, which is the time period in which these were printed. These just weren’t saved in high numbers.
Series of 1875 $20 National Bank Note
The German National Bank Of Louisville also printed 460 sheets of $50 series of 1875 national bank notes. The printing number for original series $50 bills is irrelevant. There are only about 35 known to exist from all banks in the country. To make matters worse, these are not being discovered much at all these days. The supply is pretty constant, as is the demand. Prices start at about $10,000 and can go up sharply from there.
Series of 1875 $50 National Bank Note
The German National Bank Of Louisville also printed 460 sheets of $100 series of 1875 national bank notes. There are currently only about 70 series of 1875 $100 national bank notes known to exist. So the sheet output is really only included for factual purposes – it won’t affect values. The actual value is based on condition and bank of issue. If you don’t know how to grade currency, then send us pictures of what you have. We can help you grade and value any national bank note. Of course series of 1875 $100 bank notes would be a treat to see.
Series of 1875 $100 National Bank Note
The German National Bank Of Louisville also printed 5,371 sheets of $10 1882 brown back national bank notes. A print range between 5,000 and 10,000 suggests that there should be at least a couple of notes known to exist. There were three $10 bills printed on a single sheet of 1882 brown backs. The design of the bill is similar to all earlier ten dollar national bank notes. The nickname comes from the fact that these bills have a brown seal and brown overprint. Despite saying series of 1882, these were actually printed by some banks up until 1908. The date you see in cursive relates to when the bank first started issuing brown back notes.
Series of 1882 $10 Brown Back
The German National Bank Of Louisville also printed 5,371 sheets of $20 1882 brown back national bank notes. As you can see, the sheet output is the same for $20 brown backs as it is for $10 brown backs. There was only one $20 brown back printed on a sheet. So the sheet output also equals the total note output. One neat thing about all brown backs is that they each have a different back design based on which state issued them. The back left hand side of the note shows the state seal of which ever state the national bank was located in. Generally speaking, 1882 $20 brown backs are pretty difficult to locate. They typically were printed in small numbers and they don’t have a great survival rate.
Series of 1882 $20 Brown Back