Bank Name: The Merchants National Bank of Richmond
State: VA – Virginia
Charter Number: 1754
Lifetime: Operated 1870 to 1926 | Total Issue – $3,682,450
Series: $5 – 1875 National Banknote
Sheets Printed: 3,500
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: This is generally considered the most common first charter note available. However, don’t get the word common confused with cheap. Some of these notes can be extremely valuable. It really just depends on the condition and bank of issue. The most generic examples might only be worth several hundred dollars. Rarer examples could be worth many times more than that. Contact us for details. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: There are a lot of rare national bank notes from Virginia. New discoveries are frequently made and that always helps the collector base stay hungry. Virginia probably peaked in terms of value in the early 2000’s, but the good stuff can still sell for plenty of money. Of course Virginia is one of the oldest and wealthiest states in the country, so plenty of first charter notes exist and they are not always prohibitively expensive. Most of those notes are from big cities like Richmond and Norfolk. Many collectors are looking for notes from smaller towns. Surprisingly, 1929 small size notes from Virginia are quite popular. Anything with rarity and eye appeal should find a good home quickly.
We Are Buyers!!!
We buy all antique paper money issued by The Merchants National Bank of Richmond, VA. We can tell you how much your $5 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.