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Old Money from The First National Bank Of Bogalusa | 8959

The First National Bank Of Bogalusa

The First National Bank Of Bogalusa in Louisiana printed $6,820 dollars worth of national currency. An output of less than $10,000 means that any national bank note from this bank should be extremely rare. This national bank opened in 1907 and stopped printing money in 1909, 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 Of Bogalusa 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 Bogalusa was located in Washington County. It was assigned charter number 8959.

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The First National Bank Of Bogalusa in Louisiana issued 129 sheets of $5 1902 red seal national bank notes. All red seals are very rare. But that sheet output is extremely low. We would love to see a picture of what you have. Five dollar red seals are typically a little bit rarer than some higher denominations. That rarity is typically just a result of small issuances. Most national banks preferred to issue $10 and $20 1902 red seals. Each one of these five dollar bank notes has a portrait of Ben Harrison on the left hand side of the bill. Most people are quick to notice the cursive charter date with a year between 1902 and 1908 written on it. That date will never affect the value.
1902 $5 Red Seal National Bank Note

The First National Bank Of Bogalusa printed 106 sheets of $10 1902 red seal national bank notes. All red seals are very rare. But that sheet output is extremely low. We would love to see a picture of what you have. Collectors love ten dollar 1902 red seals. They usually represent the rarest bank notes printed by any national bank. Don’t let the term “series of 1902” confuse you. These were actually printed for about six years between 1902 and 1908. That is obviously a very short issue period which means that many red seals are quite rare. Each note has a portrait of William McKinley. Be sure to check the number under McKinley. If it is #1 then you are dealing with a note from the first sheet of bank notes issued. Number one bank notes are worth even more money than the already rare red seals.
1902 $10 Red Seal National Bank Note

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