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Old Money from The First National Bank In Reading | 13558

The First National Bank In Reading

The First National Bank In Reading in Massachusetts printed $135,540 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1931 and stopped printing money in 1933, 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 In Reading issued 4 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 In Reading was located in Middlesex County. It was assigned charter number 13558.

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The First National Bank In Reading in Massachusetts issued 1,798 sheets of Type1 1929 $5 national bank notes. That is a pretty typical sheet output for a national bank during the small size era. 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 First National Bank In Reading printed 906 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 In Reading also printed 218 sheets of Type1 1929 $20 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. 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

The First National Bank In Reading also printed 216 individual notes from the type2 1929 $5 national bank note series. Type2 1929 national bank notes are already rare to begin with. A printing of less than 1,000 is especially low. This was an easy and popular denomination for national banks. Five dollars could buy a lot of different things back in 1929 and the early 1930s. 1929 type2 five dollar bank notes are available in quantities today. However, some notes can be extremely rare. The exact value all depends on the bank of issue and condition. Contact us and we would be happy to give a free appraisal.
Series of 1929 Type2 $5 National Bank Note

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