>A 1929 $5 bank note from The First Farmers National Bank of Arcanum

>This looks like a regular $5 bill, but it has markings from the First Farmers National Bank of Arcanum. Can anybody explain what this is? And you can buy it if you want – the current bid is $80 on ebay.

  1. #1 by os on January 3, 2011 - 3:20 pm

    >Just looks like a silver certificate. (I have quite a few 1,2,5s) It just looks like somebody stamped it with their bank stamper. Can't read the date-How old?? I would think the current bid on ebay is about right for an old bill…

  2. #2 by JM on January 3, 2011 - 3:24 pm

    >It's a national bank note. Money in your wallet says Federal Reserve on it, while this is national currency. http://en.wikipedia.org/wiki/National_Bank_Note

  3. #3 by os on January 3, 2011 - 3:28 pm

    >1929-sorry! This one IS older than mine, but I found all mine in regular circulation.(you'd be amazed what you get handed if you look)I keep an eye out since the economy actually has these things coming out of mattresses and such…

  4. #4 by Anonymous on January 3, 2011 - 3:30 pm

    >I'll give him $5 for it.

  5. #5 by Anonymous on January 3, 2011 - 6:29 pm

  6. #6 by Kenneth Finton on January 4, 2011 - 4:26 am

    >The difference between 1929 series National Bank Notes and Federal Reserve Bank Notes is rather subtle, as each is called "National Currency" above the portrait and each bears a brown Treasury seal, but they can easily be distinguished by the bank name to the left of the portrait. If it is from a bank entitled "The Federal Reserve Bank of…" and is from one of the 12 District Federal Reserve Banks, it is a Federal Reserve Bank Note. National Bank Notes are from other banks with titles such as "The First National Bank of…" or the "National Bank of…" or the "National Trust and Savings Bank of…" or other such titles. Most National Bank Notes are relatively inexpensive, although the range in value is quite large. The definition of "common" may also not be typical with National Bank Notes, as a note from a bank with only a couple of dozen notes known may be considered "common." This is because, while there only may be a limited number of notes known from a specific bank, more than 14,000 National Banks were chartered to issue these notes, and no single collector can reasonably hope to own them all. As such, most collectors specialize in a single state, city, or even bank. As a result, there may only be a small number of collectors interested in notes from a particular bank, so supply and demand is the overriding factor in value. A note from a bank with as few as five or six notes known may only be worth a small amount of money if only two or three interested collectors are in the market for such a note. The standard reference book to National Bank Notes, by Don C. Kelly, is a must for research on this series of notes.

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