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We Paid $11,000!

Rare $50 Bill from The First National Bank of Madison, IN

Bank Name:  The First National Bank of Madison

State:  IN – Indiana

Charter Number:  111

Lifetime:  Operated 1863 to 1935 | Total Issue – $2,547,300

Series:  $50 – Original Series National Banknote

Sheets Printed:  1,900

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

Basic Design:

Rarity and Value:  It is easy to talk about these. All you need to know is that they rare and valuable. Very few banks in the 1860s and 1870s had the need for such a high denomination. Furthermore, very few people in that same time period had a net worth of $50, much less the ability to ever own a $50 bill for more than a few hours. Only about 40 notes like this are known to exist today (and that is across all banks in the country). Values start at $10,000 and go up from there. Contact us if you need an exact price. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.

Current Market Analysis:  National bank notes from Indiana certainly aren’t romanticized or considered top trophy items. However, if you get the right mix of rarity and condition, then notes from Indiana can sell for as much money as traditionally more valuable states. Based on our experience, certain areas and towns tend to have hoarders looking to buy everything; even notes that should be common still sell for good money. Sadly, that rule only applies to about 5% of the common stuff out there. The other 95% can still be difficult to place. Pay close attention to town rarity. No single type of bank note is especially rare, the people collecting the state care about bank and town rarity over everything else.

We Are Buyers!!!

We buy all antique paper money issued by The First National Bank of Madison, IN. 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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