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We Paid $11,000!

Rare $5 1902 Red Seal Bill from The ELK National Bank of Fayetteville, TN

Bank Name:  The ELK National Bank of Fayetteville

State:  TN – Tennessee

Charter Number:  8555

Lifetime:  Operated 1907 to 1934 | Total Issue – $1,390,800

Series:  $5 – 1902 Red Seal National Banknote

Sheets Printed:  1,100

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

Basic Design:

Rarity and Value:  Ben Harrison is shown on each third charter $5 bank note. Five dollar red seals are scarce. Most banks chose to issue $10 and $20 bills only. We can’t give you an exact value for your red seal on our page here. Values are based on the condition and bank of issue. Generic examples sell for around $400. A large majority will be worth more than. Some could be worth considerably more. Please contact us for details. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.

Current Market Analysis:  We personally love national bank notes from Tennessee. Sadly, there are not a whole lot of people who feel that way. A couple of very important collections have sold in the past five years, and they simply didn’t do very well. The problem is that there is an oversupply of notes from cities like Knoxville, Nashville, Chattanooga, and Memphis. For a national from Tennessee to be worth really big money it truly has to be rare. We are talking about serial number one red seals, unique brown backs, and rare denominations from the first charter period. That is not to say that blue seals and small size notes can’t be rare. However, the people spending big money on notes want something really special.

We Are Buyers!!!

We buy all antique paper money issued by The ELK National Bank of Fayetteville, TN. 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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