Bank Name: The Cedar Rapids National Bank of Cedar Rapids
State: IA – Iowa
Charter Number: 3643
Lifetime: Operated 1887 to 1932 | Total Issue – $5,230,710
Series: $5 – 1882 Brown Back National Banknote
Sheets Printed: 12,975
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: These are not rare as a type. Some are only worth a few hundred dollars. You really just need to pay attention to the bank of issue and condition. Some examples can be worth thousands of dollars. It is also interesting to note that James Garfield was the first person to be featured prominently on a national bank note. Each state also has a unique seal on the back left hand side of each note. Some collectors try to collect a seal from each state. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: Iowa is considered to be the birthplace of the national bank note collecting hobby. In fact the only museum dedicated to national currency is located in Iowa. The original dealers supporting our niche numismatic area lived and worked out of Iowa. That means that for almost six decades there have been collectors in Iowa trying to find great rarities from their home state. New and good discoveries from Iowa are few and far between these days. Most long terms collectors feel like they have seen it all before; and many times they are correct. When we think of Iowa, images of pen-signed notes from great town names (Spirit Lake, Hawkeye, Lost Nation, Jewell Junction, etc.) come to mind.
We Are Buyers!!!
We buy all antique paper money issued by The Cedar Rapids National Bank of Cedar Rapids, IA. We can tell you how much your $5 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.