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Old Money from The Merchants National Bank Of Rutland | 3311

The Merchants National Bank Of Rutland

The Merchants National Bank Of Rutland in Vermont printed $128,220 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1885 and stopped printing money in 1900, which equals a 16 year printing period. That is actually quite brief in terms of bank existence. During its life, The Merchants National Bank Of Rutland issued 3 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 Merchants National Bank Of Rutland was located in Rutland County. It was assigned charter number 3311.

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The Merchants National Bank Of Rutland in Vermont issued 4,511 sheets of $5 1882 brown back national bank notes. That it is not an exceptionally low number of sheets. However, you have to remember that we are talking about bank notes printed before 1902. Even a large print number could have a very low survival rate. 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

The Merchants National Bank Of Rutland printed 760 sheets of $10 1882 brown back national bank notes. Very few national banks issued such a small number of 1882 brown backs. There were three $10 bills printed on a single sheet of 1882 brown backs. The design of the bill is similar to all earlier ten dollar national bank notes. The nickname comes from the fact that these bills have a brown seal and brown overprint. Despite saying series of 1882, these were actually printed by some banks up until 1908. The date you see in cursive relates to when the bank first started issuing brown back notes.
Series of 1882 $10 Brown Back

The Merchants National Bank Of Rutland also printed 760 sheets of $20 1882 brown back national bank notes. As you can see, the sheet output is the same for $20 brown backs as it is for $10 brown backs. There was only one $20 brown back printed on a sheet. So the sheet output also equals the total note output. One neat thing about all brown backs is that they each have a different back design based on which state issued them. The back left hand side of the note shows the state seal of which ever state the national bank was located in. Generally speaking, 1882 $20 brown backs are pretty difficult to locate. They typically were printed in small numbers and they don’t have a great survival rate.
Series of 1882 $20 Brown Back

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