The Merchants National Bank Of Bismarck
The Merchants National Bank Of Bismarck in North Dakota 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 1884 and stopped printing money in 1884, which equals a 1 year printing period. That means that money from this bank was not entering circulation very often. During its life, The Merchants National Bank Of Bismarck 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 Bismarck was located in Burleigh County. It was assigned charter number 3196.
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The Merchants National Bank Of Bismarck in North Dakota issued 1,125 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