Bank Name: The Merchants National Bank of Glendive
State: MT – Montana
Charter Number: 8055
Lifetime: Operated 1906 to 1935 | Total Issue – $195,900
Series: $10 – 1902 Red Seal National Banknote
Sheets Printed: 600
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: William McKinley is featured on each $10 third charter note. The ten dollar denomination is the most common 1902 red seal. However, it is still usually quite scarce. Red seals were only printed between 1902 and 1908. Survivors usually represent the best available note from a bank. The exact value is always based on the condition and bank of issue. It is not unusual for scarcer examples to be worth thousands of dollars. Please contact us for details. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: There is a very strong demand for territorial notes from Montana. Those can be first charters and some brown back notes. Montana became a state in 1889. Most territorials have long been discovered and are tightly held with collectors. Third charter notes (red seal and blue seals) seem to be out of favor with collectors right now. We really can’t explain why, but prices were definitely stronger for these notes ten years ago. In years past there has been lots of outside interest in Montana notes from collectors who hunted, skied, or otherwise vacationed there. Most serious collectors never lived in the state. You are going to see lots of notes from larger cities like Billings and Kalispell. Other notes should be assumed to be scarce until proven otherwise.
We Are Buyers!!!
We buy all antique paper money issued by The Merchants National Bank of Glendive, MT. 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.