We Buy U.S. Currency from
Sellers Across the Country

We Accept Consignments For Stacks Bowers Auctions
Email Us:  Sales@AntiqueMoney.com or Call or Text: 864-430-4020

  • Send Us A Message:

Thank you! -Manning Garrett

Old Money from The First National Bank Of Ferrum | 12311

The First National Bank Of Ferrum

The First National Bank Of Ferrum in Virginia printed $274,600 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 1922 and stopped printing money in 1935, which equals a 14 year printing period. That is actually quite brief in terms of bank existence. During its life, The First National Bank Of Ferrum issued 9 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 Ferrum was located in Franklin County. It was assigned charter number 12311.

We buy all national currency. Please call or email us for a quote. Sales@AntiqueMoney.com

The First National Bank Of Ferrum in Virginia printed 3,278 sheets of $10 1902 blue seal national bank notes. Many small national banks could be in business for years and only print between 2,500 and 5,000 sheets of blue seals. 1902 $10 blue seal bank notes all have a portrait of William McKinley on them. Values can range from as little as $40 up to over $10,000. There really is no trick to know what is rare and what is common by just doing an internet search. You really need to work with an expert (like us) in order to determine the value of your specific bank note. There are at least ten different factors than can make some 1902 $10 blue seals worth more than others. We know exactly what to look for and we would be happy to provide a free appraisal and our best offer.
1902 $10 Blue Seal National Bank Note

The First National Bank Of Ferrum printed 3,278 sheets of $20 1902 blue seal national bank notes. The same rarity rules for 1902 $10 blue seals also apply to $20 blue seals. Just remember that $20 bills are by nature three times rarer (unfortunately they don’t command a premium over other denominations). Hugh McCulloch is pictured on the front of each bill. Contact us if you need pricing help.
1902 $20 Blue Seal National Bank Note

The First National Bank Of Ferrum also printed 106 sheets of Type1 1929 $5 national bank notes. That is an extremely small sheet printing number. Survivors are still likely but definitely not guaranteed. 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 Ferrum also printed 916 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 Ferrum also printed 250 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 Of Ferrum also printed 1,044 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

The First National Bank Of Ferrum also printed 606 individual notes from the type2 1929 $10 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. 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 First National Bank Of Ferrum also printed 204 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

The First National Bank Of Ferrum also printed 72 individual notes from the type2 1929 $100 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. Surprisingly, only 38 different national banks issued type2 $100 bills. Over 300 are known to exist from all banks in the country, so it isn’t exactly a traditional rarity, but it does have good stats. Just like every $100 bill printed since 1928, these notes also feature a portrait of Benjamin Franklin.
Series of 1929 Type2 $100 National Bank Note

Email Us Today To Receive Our Offer: Sales@AntiqueMoney.com