The First National Bank Of Algonac
The First National Bank Of Algonac in Michigan printed $107,480 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1926 and stopped printing money in 1933, which equals a 8 year printing period. That is obviously a very short period of time. During its life, The First National Bank Of Algonac 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 First National Bank Of Algonac was located in Saint Clair County. It was assigned charter number 12944.
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The First National Bank Of Algonac in Michigan issued 1,630 sheets of $5 1902 blue seal national bank notes. Most banks that printed such a small number of blue seal bank notes fall into the rare bank category. Ben Harrison is on the front of all 1902 $5 blue seal bank notes. This happens to be the smallest denomination issued for the 1902 series. Each note is complete with a blue seal and blue charter number. Despite saying series of 1902, these were actually issued by national banks between 1908 and 1928. There are two different types of blue seals. The first type is called a date back and it has “1902-1908” written on the back of the bill. The other type is called a plain back; it does not have the date stamps on the back of the bill. The values for these notes range widely based on condition and the bank of issue.
1902 $5 Blue Seal National Bank Note
The First National Bank Of Algonac printed 2,496 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