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We Paid $11,000!

Rare $50 1902 Red Seal Bill from The First National Bank of Morrow, OH

Bank Name:  The First National Bank of Morrow

State:  OH – Ohio

Charter Number:  8709

Lifetime:  Operated 1907 to 1935 | Total Issue – $383,740

Series:  $50 – 1902 Red Seal National Banknote

Sheets Printed:  18

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

Basic Design:

Rarity and Value:  John Sherman is pictured on the front of each third charter $50 bill. Right now there are only about 100 1902 $50 red seals known to exist! That means that even generic examples should sell for a few thousand dollars. If you have a note from a rare bank or rare state, that also happens to be in great condition, then the value could easily be in excess of $10,000. Please contact us for exact values. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.

Current Market Analysis:  The market for Ohio national bank notes is very weak right now. There is still reasonable demand if you have a truly unique note. However, second and third known blue seals are can sometimes sell for less than $1,500. The problem with the market is that Ohio had hundreds of national banks and the supply of notes is huge. Today the state is economically depressed and collectors just don’t have a lot of money to spend. So the supply of rare notes is high and the demand is especially low. Obviously that is a poor combination if you are trying to sell something for a lot of money. The great news is that if you are collector you can spend a little bit of money and get a lot of value in return.

We Are Buyers!!!

We buy all antique paper money issued by The First National Bank of Morrow, OH. 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.

Info@RareCurrency.com – 864-430-4020

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