Bank Name: The Merchants National Bank of Deadwood
State: SD – South Dakota
Charter Number: 2461
Lifetime: Operated 1880 to 1894 | Total Issue – $120,700
Series: $10 – 1875 National Banknote (Territorial)
Sheets Printed: 680
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: Most territorial banks never issued a denomination this high. So these are scarce today; only about 15 are known to exist. Every few years another one is found, but they will always be scarce. The exact value is based on the condition and issuing bank’s rarity. Please contact us if you need an exact price quote. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: The market for South Dakota national bank notes can be difficult to understand. We have bought things for $5,000 that we were forced to sell for $2,500. We have also bought things for $2,500 that we expected to be $3,000 that ended up selling for $5,000. There are lots of rare bank notes from South Dakota. However, rarity isn’t always enough to make something valuable. The location of the issuing bank is also very important. Early notes like brown backs and red seals can be worth lots of money. We also need to mention that first charter notes and brown backs that were issued during South Dakota’s territorial period are always more valuable than other notes issued after it became a state.
We Are Buyers!!!
We buy all antique paper money issued by The Merchants National Bank of Deadwood, SD. We can tell you how much your $10 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.