Bank Name: The First National Bank of Sheldon
State: ND – North Dakota
Charter Number: 6977
Lifetime: Operated 1903 to 1923 | Total Issue – $231,050
Series: $50 – 1902 Red Seal National Banknote
Sheets Printed: 47
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 North Dakota national bank notes has been better in the past than it is now. A huge collection was sold in January 2013 and there were lots of bargains to be had. The state has always benefitted from having a few currency dealers keeping their main residence in North Dakota. Most cities in North Dakota have a very small population today and had a small population when national bank notes were originally issued. The reality is that many notes from North Dakota are quite rare. A general rule is that notes that were issued while North Dakota was still a territory are more valuable than later printings. The great news is that there are still lots of discoveries waiting to be found.
We Are Buyers!!!
We buy all antique paper money issued by The First National Bank of Sheldon, ND. 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.