Bank Name: The Milmo National Bank of Laredo
State: TX – Texas
Charter Number: 2486
Lifetime: Operated 1880 to 1935 | Total Issue – $1,462,710
Series: $50 – 1875 National Banknote
Sheets Printed: 381
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: There is no one word to accurately describe the market for Texas nationals. The state is so expansive and there are so many banks and towns that each bank is really its own market. A general rule across the entire state is that first charter notes are scarce. Other than that, brown backs and red seals could be worth $10,000 or they could be worth $500. The rarest blue seals usually top out at around $5,000. We can’t talk about Texas nationals without talking about The Philpott/Moody collection. It consists of thousands nationals and they are usually the best and rarest examples for each bank. The reality is that there are hundreds of very rare Texas nationals and hundreds more waiting to be found.
We Are Buyers!!!
We buy all antique paper money issued by The Milmo National Bank of Laredo, TX. 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.