Bank Name: The Northwestern National Bank of Chicago
State: IL – Illinois
Charter Number: 508
Lifetime: Operated 1864 to 1900 | Total Issue – $1,827,610
Series: $50 – 1875 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: This is a very tough denomination to find. Only about 70 are still known to exist. Odds are that not too many more are waiting to be found. These are usually found in Fine condition or worse. You have to remember that paper money was a bit of a hot potato during the time these originally circulated. No one wanted to be holding such a high denomination if it was ever devalued. That is why they are scarce today. Contact us for value information. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: National bank notes from the Midwest typically struggle to sell for the same prices as equally rare notes from western and southern states. The plethora of notes available from Chicago banks really brings the value of many other notes from Illinois down. There are still plenty of collectors looking to buy notes from the wealthy suburbs in Chicagoland. Even Illinois banks in the St. Louis metro area have a close following. However, don’t expect rare notes from small farming communities to be worth tremendous amounts of money. They just don’t have a following amongst the people in the hobby who are paying up for interesting notes. The supply tends to outweigh the demand in today’s market.
We Are Buyers!!!
We buy all antique paper money issued by The Northwestern National Bank of Chicago, IL. We can tell you how much your $50 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.