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We Paid $11,000!

Rare $5 1902 Red Seal Bill from The National Exchange Bank of Newport, RI

Bank Name:  The National Exchange Bank of Newport

State:  RI – Rhode Island

Charter Number:  1565

Lifetime:  Operated 1865 to 1926 | Total Issue – $2,459,160

Series:  $5 – 1902 Red Seal National Banknote

Sheets Printed:  4,400

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:  The market for national bank notes from Rhode Island is about the same as every other New England state. There really aren’t any rare towns. However, there are rare banks and rare types are always in demand. First charter $2s, $20s, $50s, and $100s always sell for good money. Most collectors also like high grade notes no matter the type. You are going to see lots of notes from Providence. In fact only twenty-two other towns even had a national bank that issued currency. Rhode Island also has a rich history of banking during the obsolete era. Many people who collect national bank notes also like obsolete bank notes and colonial currency. Rhode Island definitely has a rich numismatic history.

We Are Buyers!!!

We buy all antique paper money issued by The National Exchange Bank of Newport, RI. 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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