Old Money from The First National Bank Of Dearborn | 12989
The First National Bank Of Dearborn
The First National Bank Of Dearborn in Michigan printed $114,960 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1926 and stopped printing money in 1931, which equals a 6 year printing period. That is obviously a very short period of time. During its life, The First National Bank Of Dearborn issued 3 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 Dearborn was located in Wayne County. It was assigned charter number 12989.
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The First National Bank Of Dearborn in Michigan issued 1,466 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 Of Dearborn printed 729 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 Dearborn also printed 227 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