Bank Name: The First National Bank of Fairmont
State: MN – Minnesota
Charter Number: 4936
Lifetime: Operated 1894 to 1935 | Total Issue – $786,370
Series: $5 – 1882 Brown Back National Banknote
Sheets Printed: 2,875
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: These are not rare as a type. Some are only worth a few hundred dollars. You really just need to pay attention to the bank of issue and condition. Some examples can be worth thousands of dollars. It is also interesting to note that James Garfield was the first person to be featured prominently on a national bank note. Each state also has a unique seal on the back left hand side of each note. Some collectors try to collect a seal from each state. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: It is really easy to like national bank notes from Minnesota. Lots of little fancifully named communities had their own national bank. Many notes are hand-signed, which is always a bonus. In the late 1800s and early 1900s there were lots of European immigrants in Minnesota. They were fond of hoarding cash. Many otherwise very rare bank notes have been saved thanks to cash hoards that were discovered after decades in hiding. The good news is that there is no one area of Minnesota that is more desirable than another. The bad news is that prices for Minnesota notes are probably down 30% off their highs. However, rare and high grade notes still don’t have very much trouble finding a qualified home quickly.
We Are Buyers!!!
We buy all antique paper money issued by The First National Bank of Fairmont, MN. 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.