Bank Name: The First National Bank of Ely
State: NV – Nevada
Charter Number: 8561
Lifetime: Operated 1907 to 1935 | Total Issue – $1,001,880
Series: $5 – 1902 Red Seal National Banknote
Sheets Printed: 1,500
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: There are loads of scarce and very valuable notes from Nevada. There are just two first charter notes known to exist. The census shows only a single brown back. Only four red seals exist from banks outside of Reno. Plenty of blue seals have the chance to be rare as well. Any note from Rhyolite or Austin would be a tremendous find. You have to remember that the demographics of Nevada were very different a century ago when national currency regularly circulated. Most of the population consisted of ranchers and transient miners. A large supply of currency was not needed. Very few cities could support national banks. That is why there is such a limited supply of bank notes to go around today.
We Are Buyers!!!
We buy all antique paper money issued by The First National Bank of Ely, NV. 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.