Bank Name: The Merchants & Planters National Bank of Sherman
State: TX – Texas
Charter Number: 3159
Lifetime: Operated 1884 to 1935 | Total Issue – $8,594,730
Series: $10 – 1902 Red Seal National Banknote
Sheets Printed: 8,200
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 no one word to accurately describe the market for Texas nationals. The state is so expansive and there are so many banks and towns that each bank is really its own market. A general rule across the entire state is that first charter notes are scarce. Other than that, brown backs and red seals could be worth $10,000 or they could be worth $500. The rarest blue seals usually top out at around $5,000. We can’t talk about Texas nationals without talking about The Philpott/Moody collection. It consists of thousands nationals and they are usually the best and rarest examples for each bank. The reality is that there are hundreds of very rare Texas nationals and hundreds more waiting to be found.
We Are Buyers!!!
We buy all antique paper money issued by The Merchants & Planters National Bank of Sherman, TX. 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.