Bank Name: The Merchants National Bank of Billings
State: MT – Montana
Charter Number: 9355
Lifetime: Operated 1909 to 1921 | Total Issue – $334,850
Series: $20 – 1902 Blue Seal National Banknote
Sheets Printed: 6,697
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: Hugh McCulloch twenty dollar blue seals as a type are not especially rare. You could buy a very common one for less than $100. Most people collect them based on which state or bank they are from. Some can be very rare. Most trade in the $100 to $400 range. However, you definitely want to make sure you understand what you have before you sell. Rare examples can be worth thousands of dollars. Contact us for an exact value. 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 Billings, MT. We can tell you how much your $20 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.