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Old Money from The Farmers & Merchants National Bank Of Milbank | 13407

The Farmers & Merchants National Bank Of Milbank

The Farmers & Merchants National Bank Of Milbank in South Dakota printed $93,580 dollars worth of national currency. A production number that low doesn’t save room for many survivors. Currency from this bank will be rare. This national bank opened in 1929 and stopped printing money in 1935, which equals a 7 year printing period. That is obviously a very short period of time. During its life, The Farmers & Merchants National Bank Of Milbank 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 Farmers & Merchants National Bank Of Milbank was located in Grant County. It was assigned charter number 13407.

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The Farmers & Merchants National Bank Of Milbank in South Dakota printed 1,350 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 Farmers & Merchants National Bank Of Milbank printed 1,258 individual notes from the type2 1929 $5 national bank note series. That may seem like a high number, but remember that is total notes printed for the denomination, not sheets printed. 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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