Old Money from The Painesville National Bank & Trust Company Of Painesville | 13318

The Painesville National Bank & Trust Company Of Painesville

The Painesville National Bank & Trust Company Of Painesville in Ohio printed $352,360 dollars worth of national currency. That is a pretty standard output. However, some types of currency from this bank could still be rare. This national bank opened in 1929 and stopped printing money in 1934, which equals a 6 year printing period. That is obviously a very short period of time. During its life, The Painesville National Bank & Trust Company Of Painesville 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 Painesville National Bank & Trust Company Of Painesville was located in Lake County. It was assigned charter number 13318.

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The Painesville National Bank & Trust Company Of Painesville in Ohio issued 3,082 sheets of Type1 1929 $10 national bank notes. That is a pretty typical sheet output for a national bank during the small size era. 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 Painesville National Bank & Trust Company Of Painesville printed 1,036 sheets of Type1 1929 $20 national bank notes. That is a pretty typical sheet output for a national bank during the small size era. 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 Painesville National Bank & Trust Company Of Painesville also printed 2,742 individual notes from the type2 1929 $10 national bank note series. That may seem like a high number, but remember that is total notes printed for the denomination, not sheets printed. The easiest way to spot the difference between type1 1929 $10 bills and 1929 type2 $10 bills is in the serial number. Type2 notes have a serial number that ends with a number. 1929 type1 notes have a serial number that ends with the letter A. Generally speaking, these $10 bills are rarer than the earlier type1 issues. However, most collectors don’t pay more for that rarity because they look basically the same.
Series of 1929 Type2 $10 National Bank Note

The Painesville National Bank & Trust Company Of Painesville also printed 785 individual notes from the type2 1929 $20 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. One of the great things about 1929 type2 $20 national bank notes is that they really aren’t that old and some can be extremely rare. Until the big head $20 series started there really wasn’t much difference between something printed in 1929 and the same bill printed in 1993. We have bought some examples in the past few months that people just found in their change.
Series of 1929 Type2 $20 National Bank Note

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