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We Paid $11,000!

Rare $20 1875 Bill from The Citizens National Bank of New Ulm, MN

Bank Name:  The Citizens National Bank of New Ulm

State:  MN – Minnesota

Charter Number:  2318

Lifetime:  Operated 1876 to 1883 | Total Issue – $38,100

Series:  $20 – 1875 National Banknote

Sheets Printed:  762

Value:  Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020

Basic Design:

Rarity and Value:  There are about 500 bank notes like this known to exist. That total is for every bank in the country though. Each note is valued based on its own individual merits. The most important factors are the bank of issue and the condition. Some banks are relatively common and others are quite scarce. High grade notes from this series are also rarely encountered. We consider XF or better to be high grade. Please contact us for details. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.

Current Market Analysis:  It is really easy to like national bank notes from Minnesota. Lots of little fancifully named communities had their own national bank. Many notes are hand-signed, which is always a bonus. In the late 1800s and early 1900s there were lots of European immigrants in Minnesota. They were fond of hoarding cash. Many otherwise very rare bank notes have been saved thanks to cash hoards that were discovered after decades in hiding. The good news is that there is no one area of Minnesota that is more desirable than another. The bad news is that prices for Minnesota notes are probably down 30% off their highs. However, rare and high grade notes still don’t have very much trouble finding a qualified home quickly.

We Are Buyers!!!

We buy all antique paper money issued by The Citizens National Bank of New Ulm, MN. We can tell you how much your $20 bill is worth. We aren’t just dealers. We are also collectors, experts, and appraisers. We have contributed to numerous price guides and are considered specialists in the field of national currency. Contact us via phone or email to get your free appraisal today.

Info@RareCurrency.com – 864-430-4020

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