Bank Name: The Merchants National Bank of Detroit
State: MI – Michigan
Charter Number: 10600
Lifetime: Operated 1914 to 1929 | Total Issue – $1,636,800
Series: $100 – 1902 Blue Seal National Banknote
Sheets Printed: 1,282
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: Your typical 1902 $100 blue seal is from a large bank, usually in a larger city. You can buy a generic example for between $450 and $900. Some notes can be worth a lot more than that. However, they would have to be from a rare bank or be in especially high grade. Please contact us for exact 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 Merchants National Bank of Detroit, MI. We can tell you how much your $100 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.