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We Paid $11,000!

Rare $5 1902 Blue Seal Bill from The Merchants & Miners National Bank of Ironwood, MI

Bank Name:  The Merchants & Miners National Bank of Ironwood

State:  MI – Michigan

Charter Number:  12387

Lifetime:  Operated 1923 to 1934 | Total Issue – $711,890

Series:  $5 – 1902 Blue Seal National Banknote

Sheets Printed:  6,646

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

Basic Design:

Rarity and Value:  There is nothing especially rare about this type of money showing Ben Harrison. The rarity is all based on the condition and bank of issue. Your most generic $5 blue seals are going to sell for around $60. Common but more interesting notes sell for between $100 and $500. The upper end of the market is reserved for the rare stuff; and they can sell for thousands of dollars. The great news is that there are lots of rare banks out there. Many great discoveries are made everyday. Please contact us for pricing details. 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 Merchants & Miners National Bank of Ironwood, 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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