Bank Name: The Merchants National Bank of Burlington
State: VT – Vermont
Charter Number: 1197
Lifetime: Operated 1865 to 1935 | Total Issue – $7,726,270
Series: $50 – 1902 Red Seal National Banknote
Sheets Printed: 100
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: John Sherman is pictured on the front of each third charter $50 bill. Right now there are only about 100 1902 $50 red seals known to exist! That means that even generic examples should sell for a few thousand dollars. If you have a note from a rare bank or rare state, that also happens to be in great condition, then the value could easily be in excess of $10,000. Please contact us for exact values. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: The market for Vermont nationals is about where it should be for a small New England state. Like most states in the area, Vermont has a rich numismatic and cultural history. You can collect colonial coins and paper money, obsolete notes, and there are also plenty of national bank notes to be had. There isn’t a single type of note that is considered especially scarce for Vermont. There is always going to be a demand for rare types like first charter $2 bills. High denominations like $50s and $100s are scarce on large size notes. There are lots of little towns in Vermont, but despite having small populations, most towns are fairly well represented in terms of number of notes known to exist.
We Are Buyers!!!
We buy all antique paper money issued by The Merchants National Bank of Burlington, VT. 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.