Bank Name: The Farmers & Merchants National Bank of Frederick
State: MD – Maryland
Charter Number: 1267
Lifetime: Operated 1865 to 1935 | Total Issue – $3,308,330
Series: $5 – 1902 Red Seal National Banknote
Sheets Printed: 3,665
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: Ben Harrison is shown on each third charter $5 bank note. Five dollar red seals are scarce. Most banks chose to issue $10 and $20 bills only. We can’t give you an exact value for your red seal on our page here. Values are based on the condition and bank of issue. Generic examples sell for around $400. A large majority will be worth more than. Some could be worth considerably more. Please contact us for details. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: The market for Maryland notes is mostly lukewarm right now. There are a lot of great notes from Maryland. However, they rarely see the light of day. They are tied up in long term collections. You rarely see more than a couple of interesting notes sell per year. If you don’t mind settling for big city notes, then the state is fairly easy to collect thanks to the huge supply of notes from Baltimore. Some old school collectors try to avoid Baltimore notes at all cost. Most collectors like notes from smaller towns. The location of the town is also important. Western Maryland notes aren’t quite as popular as notes from inside the beltway. There are lots of high-grade notes out there as bankers tended to save lots of the notes they signed.
We Are Buyers!!!
We buy all antique paper money issued by The Farmers & Merchants National Bank of Frederick, MD. 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.