Bank Name: The First National Bank of Ann Arbor
State: MI – Michigan
Charter Number: 22
Lifetime: Operated 1863 to 1882 | Total Issue – $367,500
Series: $10 – Original Series National Banknote
Sheets Printed: 1,860
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: These aren’t traditionally thought of as especially rare bank notes. However, try to find an example in VF condition or better at will. It is tough to do. Many early banks only issued denominations of $5 and lower. Ten dollars went a long way in the 1860s and early 1870s. If you were fortunate enough to have a $10 bill then you probably spent it. That is why most examples tend to be heavily circulated. Contact us for value information. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: The market for Michigan nationals is a little bit soft right now. I wouldn’t call it bad, but it can take a long time to find the right buyer. Banks in suburban Detroit towns are popular. You should also keep an eye out for notes from Upper Peninsula towns. Despite having a small population, lots of people have found memories of vacationing in that area and collect the notes. Today Detroit has a bad reputation. However, at one point in time it was a very wealthy old money type town. Lots of early notes are available from Detroit. Otherwise, anything printed before 1900 from Michigan is likely scarce. Rare notes tend to be found in circulated condition. Choice examples are much more difficult to locate.
We Are Buyers!!!
We buy all antique paper money issued by The First National Bank of Ann Arbor, MI. 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.