Bank Name: The First National Bank of Gallatin
State: TN – Tennessee
Charter Number: 4236
Lifetime: Operated 1890 to 1916 | Total Issue – $264,520
Series: $50 – 1902 Blue Seal National Banknote
Sheets Printed: 334
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: Most 1902 $50 blue seals you see are from fairly large banks and bigger cities. The most generic ones are worth between $400 and $800. There is certainly room for that value to increase. Notes from rare banks or notes that are in especially high grade can be worth more than $1,000. Sometimes the bank doesn’t even have to be rare, the type could be rare for the state. Please contact us for pricing details. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: We personally love national bank notes from Tennessee. Sadly, there are not a whole lot of people who feel that way. A couple of very important collections have sold in the past five years, and they simply didn’t do very well. The problem is that there is an oversupply of notes from cities like Knoxville, Nashville, Chattanooga, and Memphis. For a national from Tennessee to be worth really big money it truly has to be rare. We are talking about serial number one red seals, unique brown backs, and rare denominations from the first charter period. That is not to say that blue seals and small size notes can’t be rare. However, the people spending big money on notes want something really special.
We Are Buyers!!!
We buy all antique paper money issued by The First National Bank of Gallatin, TN. 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.