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Old Money from The Citizens National Bank Of Madison | 3151

The Citizens National Bank Of Madison

The Citizens National Bank Of Madison in South Dakota printed $40,520 dollars worth of national currency. In the scheme of things, that is a very tiny output. Notes from this bank should be rare. This national bank opened in 1884 and stopped printing money in 1894, which equals a 11 year printing period. That is actually quite brief in terms of bank existence. During its life, The Citizens National Bank Of Madison issued 2 different types and denominations 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 Citizens National Bank Of Madison was located in Lake County. It was assigned charter number 3151.

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The Citizens National Bank Of Madison in South Dakota issued 1,325 sheets of $5 1882 territorial brown back national bank notes. A total sheet output in the lows 1,000s is a great sign that you own a very rare bank note. 1882 five dollar territorial brown backs are the lifeblood of the territorial collecting community. They were issued by virtually every territory (with exception of Alaska, Nebraska, and Porto Rico). A total of 109 national banks printed $5 brown back territorials. There are around 120 notes known to exist. That is a pretty high survival rate. Ironically though, the fact that lots of these exist is part of the reason that they are so collectible. More than one collector can reasonably try to put together a set. Ultra-rarities are always expensive, but often times they end up as outliers to collections. 1882 five dollar brown backs have always been popular. When you combine that with the appeal of a territorial, then you have a real winner. You can contact us to learn the true value and rarity of your note. In the meantime, take the number of sheets printed and multiply it by four, that will give you the total number of 1882 $5 territorials issued.
Series of 1882 $5 Territorial Brown Back

The Citizens National Bank Of Madison printed 2,026 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

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