Bank Name: The Gallatin National Bank of Shawneetown
State: IL – Illinois
Charter Number: 1775
Lifetime: Operated 1871 to 1874 | Total Issue – $250,000
Series: $50 – Original Series National Banknote
Sheets Printed: 200
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 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 Gallatin National Bank of Shawneetown, 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.