Bank Name: The Merchants National Bank of Cleveland
State: OH – Ohio
Charter Number: 773
Lifetime: Operated 1865 to 1884 | Total Issue – $1,539,680
Series: $50 – 1875 National Banknote
Sheets Printed: 2,484
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: This is a very tough denomination to find. Only about 70 are still known to exist. Odds are that not too many more are waiting to be found. These are usually found in Fine condition or worse. You have to remember that paper money was a bit of a hot potato during the time these originally circulated. No one wanted to be holding such a high denomination if it was ever devalued. That is why they are scarce today. Contact us for value information. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: The market for Ohio national bank notes is very weak right now. There is still reasonable demand if you have a truly unique note. However, second and third known blue seals are can sometimes sell for less than $1,500. The problem with the market is that Ohio had hundreds of national banks and the supply of notes is huge. Today the state is economically depressed and collectors just don’t have a lot of money to spend. So the supply of rare notes is high and the demand is especially low. Obviously that is a poor combination if you are trying to sell something for a lot of money. The great news is that if you are collector you can spend a little bit of money and get a lot of value in return.
We Are Buyers!!!
We buy all antique paper money issued by The Merchants National Bank of Cleveland, OH. We can tell you how much your $50 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.