Bank Name: The Penn National Bank of Philadelphia
State: PA – Pennsylvania
Charter Number: 540
Lifetime: Operated 1864 to 1930 | Total Issue – $3,527,850
Series: $50 – 1902 Blue Seal National Banknote
Sheets Printed: 3,380
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: The market for national bank notes from Pennsylvania is as good as it have ever been. The only problem is that the market has never been that great. More than 1,000 banks in Pennsylvania issued national currency. No one really has the budget or motivation to collect every single note from the state. Most collectors tend to focus on a specific county or city. Notes from Philadelphia and its surrounding suburbs have a close following, but most notes are plentiful. Some people really like Grange banks. All types of notes are so plentiful that you could focus on just brown backs or just red seals and still be able to assemble a diverse and interesting collection without spending a tremendous amount of money.
We Are Buyers!!!
We buy all antique paper money issued by The Penn National Bank of Philadelphia, PA. 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.