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Old Money from The First National Bank Of Penn Yan | 169

The First National Bank Of Penn Yan

The First National Bank Of Penn Yan in New York printed $4,500 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 1863 and stopped printing money in 1864, which equals a 2 year printing period. That means that money from this bank was not entering circulation very often. During its life, The First National Bank Of Penn Yan issued 1 single type and denomination 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 Penn Yan was located in Yates County. It was assigned charter number 169.

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The First National Bank Of Penn Yan in New York printed 225 sheets of $5 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. 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

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