Old Money from The First National Bank Of Gainesboro | 5536
The First National Bank Of Gainesboro
The First National Bank Of Gainesboro in Tennessee printed $21,050 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 1900 and stopped printing money in 1903, which equals a 4 year printing period. That means that money from this bank was not entering circulation very often. During its life, The First National Bank Of Gainesboro 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 Gainesboro was located in Jackson County. It was assigned charter number 5536.
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The First National Bank Of Gainesboro in Tennessee issued 421 sheets of $10 1882 brown back national bank notes. Very few national banks issued such a small number of 1882 brown backs. There were three $10 bills printed on a single sheet of 1882 brown backs. The design of the bill is similar to all earlier ten dollar national bank notes. The nickname comes from the fact that these bills have a brown seal and brown overprint. Despite saying series of 1882, these were actually printed by some banks up until 1908. The date you see in cursive relates to when the bank first started issuing brown back notes.
Series of 1882 $10 Brown Back
The First National Bank Of Gainesboro printed 421 sheets of $20 1882 brown back national bank notes. As you can see, the sheet output is the same for $20 brown backs as it is for $10 brown backs. There was only one $20 brown back printed on a sheet. So the sheet output also equals the total note output. One neat thing about all brown backs is that they each have a different back design based on which state issued them. The back left hand side of the note shows the state seal of which ever state the national bank was located in. Generally speaking, 1882 $20 brown backs are pretty difficult to locate. They typically were printed in small numbers and they don’t have a great survival rate.
Series of 1882 $20 Brown Back