Bank Name: The Merchants National Bank of Watertown
State: WI – Wisconsin
Charter Number: 9003
Lifetime: Operated 1908 to 1935 | Total Issue – $2,865,570
Series: $5 – 1902 Blue Seal National Banknote
Sheets Printed: 40,281
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: There is nothing especially rare about this type of money showing Ben Harrison. The rarity is all based on the condition and bank of issue. Your most generic $5 blue seals are going to sell for around $60. Common but more interesting notes sell for between $100 and $500. The upper end of the market is reserved for the rare stuff; and they can sell for thousands of dollars. The great news is that there are lots of rare banks out there. Many great discoveries are made everyday. Please contact us for pricing details. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: It is difficult to describe the Wisconsin national bank note market in one word. A huge collection was sold in 2008 and prices were generally thought to be strong then, but the market is likely off of those highs. Different parts of the state and different towns are always hot and other areas just don’t seem to have much of a following. We know collectors who only like Wisconsin river towns, or only like towns on the Great Lakes. We don’t generally think of Wisconsin as an especially developed state. However, it had 240 national banks in 131 different towns. There are dozens of ways to collect. It all depends on what you like. The notes that sell the best usually have an X factor. That X factor could be the type of note, the serial number, or the signor.
We Are Buyers!!!
We buy all antique paper money issued by The Merchants National Bank of Watertown, WI. 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.