Value of an 1857 $3 Bill from The Citizens Bank of Gosport, Indiana

This is a rare obsolete (broken) bank note from a pre-Civil War Indiana state-chartered bank. Value depends entirely on condition and market demand.

Estimated Retail Value Ranges (2024)

Condition GradeDescriptionApprox. Value (USD)
Good / VG (Circulated)Heavy wear, tears, stains, repairs$1,500 – $2,500
Fine (F)Moderate wear, intact, minor flaws$2,500 – $4,000
Very Fine (VF)Light wear, crisp, good color$4,000 – $7,000
Extremely Fine (XF/EF)Minimal wear, sharp details$7,000 – $10,000
About Uncirculated (AU)Trace wear on high points$10,000 – $15,000
Uncirculated (UNC / MS)Perfect, original crispness, no folds$15,000 – $25,000+

Critical Factors

  • Authentication & Grading: Essential. Submit to PCGS Currency or PMG (Paper Money Guaranty). Raw notes sell for far less; counterfeits/alterations exist.
  • Rarity: Gosport notes are scarce. Denomination ($3), bank name, location, date (1857), signatures, plate position, and vignettes affect desirability.
  • Varieties/Errors: Can multiply value.

Do not clean or press. Handle by edges. Store in Mylar sleeve. Consult a professional currency dealer or auction house (Heritage, Stack's Bowers) for appraisal/sale.

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