Bank Name: The Merchants National Bank of Portland
State: ME – Maine
Charter Number: 1023
Lifetime: Operated 1865 to 1905 | Total Issue – $1,866,770
Series: $500 – Original Series National Banknote
Sheets Printed: 170
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: This is one of the ultimate rarities in all of paper money. It is rare that we can talk about million dollar national bank notes. However, a fully intact example of a $500 national bank note should be worth around one million dollars or more based on the condition. Very few banks issued these bank notes. Notes like this that were issued were typically just held for cash on hand requirements and then destroyed. PLEASE contact us if you have one of these trophy items.
Current Market Analysis: If you like a diverse offering of bank notes, then you should consider collecting Maine. The market for Maine has never been especially hot or especially cold. Maine is an old established state. It had lots of first charter banks that were in business for a very long time and that makes it relatively easy to find brown backs and red seals. It is possible to buy great notes in high grades for very reasonable prices. We are not sure if it is the cold weather, but notes tend to be found in pretty decent condition with great signatures. And it’s not just about type notes. There are some tough towns in Maine as well. You can challenge yourself if you try to get a note from every town.
We Are Buyers!!!
We buy all antique paper money issued by The Merchants National Bank of Portland, ME. We can tell you how much your $500 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.