Bank Name: The National Exchange Bank of Newport
State: RI – Rhode Island
Charter Number: 1565
Lifetime: Operated 1865 to 1926 | Total Issue – $2,459,160
Series: $2 – Original Series National Banknote
Sheets Printed: 6,800
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: These are scarce notes. It is rare for a bank to have more than one or two survivors for this low denomination. The reason for the low rate of survival is that very few were printed. Two dollar bills have often been considered unlucky in past generations. So if you had one then you spent it quickly. Collectors call these “lazy deuces”. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: The market for national bank notes from Rhode Island is about the same as every other New England state. There really aren’t any rare towns. However, there are rare banks and rare types are always in demand. First charter $2s, $20s, $50s, and $100s always sell for good money. Most collectors also like high grade notes no matter the type. You are going to see lots of notes from Providence. In fact only twenty-two other towns even had a national bank that issued currency. Rhode Island also has a rich history of banking during the obsolete era. Many people who collect national bank notes also like obsolete bank notes and colonial currency. Rhode Island definitely has a rich numismatic history.
We Are Buyers!!!
We buy all antique paper money issued by The National Exchange Bank of Newport, RI. We can tell you how much your $2 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.