The Merchants National Bank of El Dorado
The Merchants National Bank of El Dorado in Kansas printed $22,500 dollars worth of national currency. Very few banks in the country issued less than $25,000 face value of national bank notes. Currency from this bank should be very rare. This national bank opened in 1888 and stopped printing money in 1889, which equals a 2 year printing period. That means that money from this bank was not entering circulation very often. During its life, The Merchants National Bank of El Dorado issued 1 single type and denomination of national currency We have examples of the types listed below. Your bank note should look similar. Just the bank name will be different. For the record, The Merchants National Bank of El Dorado was located in Butler County. It was assigned charter number 3833.
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The Merchants National Bank of El Dorado in Kansas issued 1,125 sheets of $5 1882 brown back national bank notes. That sheet output number is small. Don’t expect too many of these to be available to collectors. You can take the total number of sheets printed and multiply that number by four to get the exact number of 1882 $5 brown back bank notes this bank issued. Each note has a portrait of James Garfield on the left hand side of the bill. These are very popular with collectors because they have different text layouts. Some notes are worth as little as a few hundred dollars, but most are worth a good deal more.
Series of 1882 $5 Brown Back