The First National Bank In Colfax
The First National Bank In Colfax in Iowa printed $17,770 dollars worth of national currency. Very few banks in the country issued less than $25,000 face value of national bank notes. Currency from this bank should be very rare. This national bank opened in 1933 and stopped printing money in 1935, which equals a 3 year printing period. That means that money from this bank was not entering circulation very often. During its life, The First National Bank In Colfax 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 In Colfax was located in Jasper County. It was assigned charter number 13686.
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The First National Bank In Colfax in Iowa printed 1,564 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 In Colfax printed 635 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 In Colfax also printed 180 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