Old Money from The Madison National Bank Of Madison | 3597
The Madison National Bank Of Madison
The Madison National Bank Of Madison in South Dakota printed $11,780 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 1886 and stopped printing money in 1888, which equals a 3 year printing period. That means that money from this bank was not entering circulation very often. During its life, The Madison National Bank Of Madison 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 Madison National Bank Of Madison was located in Madison County. It was assigned charter number 3597.
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The Madison National Bank Of Madison in South Dakota printed 589 sheets of $5 1882 territorial brown back national bank notes. A print run under 1,000 will get the attention of most people. Combine that with a territorial and you have a real winner. 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