Bank Name: The Montrose National Bank of Montrose
State: CO – Colorado
Charter Number: 7288
Lifetime: Operated 1904 to 1935 | Total Issue – $261,320
Series: $5 – 1902 Red Seal National Banknote
Sheets Printed: 600
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 a lot of things to think about when you are trying to value a note from Colorado. Is the note from a ski resort area, does the town have a rich frontier or mining history, is it from a wealthy Denver suburb, or was issued while Colorado was still a territory? There was a time when a few very rich collectors were paying absurd amounts of money for notes from Colorado. Today prices are much more predictable. Brown backs and first charters always sell well. Notes that are unique for the town are still worth very large sums of money. Just remember that past results are no guarantee of future success. Sadly, you can’t bring back the boom days, but good notes are still in demand.
We Are Buyers!!!
We buy all antique paper money issued by The Montrose National Bank of Montrose, CO. 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.