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We Paid $11,000!

Rare $50 1902 Red Seal Bill from The National Mechanics Bank of Winthrop, MD

Bank Name:  The National Mechanics Bank of Winthrop

State:  MD – Maryland

Charter Number:  1413

Lifetime:  Operated 1865 to 1935 | Total Issue – $47,225,920

Series:  $50 – 1902 Red Seal National Banknote

Sheets Printed:  10,100

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 Maryland notes is mostly lukewarm right now. There are a lot of great notes from Maryland. However, they rarely see the light of day. They are tied up in long term collections. You rarely see more than a couple of interesting notes sell per year. If you don’t mind settling for big city notes, then the state is fairly easy to collect thanks to the huge supply of notes from Baltimore. Some old school collectors try to avoid Baltimore notes at all cost. Most collectors like notes from smaller towns. The location of the town is also important. Western Maryland notes aren’t quite as popular as notes from inside the beltway. There are lots of high-grade notes out there as bankers tended to save lots of the notes they signed.

We Are Buyers!!!

We buy all antique paper money issued by The National Mechanics Bank of Winthrop, MD. 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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Email: Info@RareCurrency.com
Phone: (864) 430-4020
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