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We Paid $11,000!

Rare $5 1882 Brown Seal Bill from The First National Bank of Calumet, MI

Bank Name:  The First National Bank of Calumet

State:  MI – Michigan

Charter Number:  3457

Lifetime:  Operated 1886 to 1934 | Total Issue – $2,505,520

Series:  $5 – 1882 Brown Back National Banknote

Sheets Printed:  5,758

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:  The market for Michigan nationals is a little bit soft right now. I wouldn’t call it bad, but it can take a long time to find the right buyer. Banks in suburban Detroit towns are popular. You should also keep an eye out for notes from Upper Peninsula towns. Despite having a small population, lots of people have found memories of vacationing in that area and collect the notes. Today Detroit has a bad reputation. However, at one point in time it was a very wealthy old money type town. Lots of early notes are available from Detroit. Otherwise, anything printed before 1900 from Michigan is likely scarce. Rare notes tend to be found in circulated condition. Choice examples are much more difficult to locate.

We Are Buyers!!!

We buy all antique paper money issued by The First National Bank of Calumet, MI. 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.

Info@RareCurrency.com – 864-430-4020

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Email: Info@RareCurrency.com
Phone: (864) 430-4020
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