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We Paid $11,000!

Rare $2 1875 Bill from The First National Bank of Lake City, MN

Bank Name:  The First National Bank of Lake City

State:  MN – Minnesota

Charter Number:  1740

Lifetime:  Operated 1870 to 1886 | Total Issue – $170,340

Series:  $2 – 1875 National Banknote

Sheets Printed:  420

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

Basic Design:

Rarity and Value:  These are very popular bank notes. They are nicknamed lazy deuces. Examples in heavily circulated condition typically sell for $1,000 as the bottom dollar price. There is plenty of room for that price to be higher. The exact value is really just based on the bank of issue. The state of issue can also be very important. Many notes from southern and western states are especially rare. Contact us for details. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.

Current Market Analysis:  It is really easy to like national bank notes from Minnesota. Lots of little fancifully named communities had their own national bank. Many notes are hand-signed, which is always a bonus. In the late 1800s and early 1900s there were lots of European immigrants in Minnesota. They were fond of hoarding cash. Many otherwise very rare bank notes have been saved thanks to cash hoards that were discovered after decades in hiding. The good news is that there is no one area of Minnesota that is more desirable than another. The bad news is that prices for Minnesota notes are probably down 30% off their highs. However, rare and high grade notes still don’t have very much trouble finding a qualified home quickly.

We Are Buyers!!!

We buy all antique paper money issued by The First National Bank of Lake City, MN. We can tell you how much your $2 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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