Bank Name: The Farmers & Merchants National Bank of El Dorado
State: KS – Kansas
Charter Number: 4981
Lifetime: Operated 1894 to 1935 | Total Issue – $702,540
Series: $5 – 1882 Blue Seal National Banknote
Sheets Printed: 1,977
Value: Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020
Basic Design:
Rarity and Value: There are two types of 1882 blue seal national bank notes. The back either says five dollars or it says 1882 – 1908. The value of these notes is really just based on the condition and bank of issue. Some can be worth as little as a few hundred dollars. The rarest notes usually top out at a couple thousand dollars. Please contact us for details. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.
Current Market Analysis: There are dozens, if not hundreds of truly rare and amazing notes from Kansas that should be worth two or three times more than what they sell for in today’s market. The problem is that Kansas had lots of national banks and it just doesn’t have a very strong collector base today. For example, a three known blue seal from Florida might sell for $10,000. A note with the exact same rarity from a Kansas bank might not even sell for $1,500. It is just one of those simple supply and demand things. The quantity of great material far outweighs the number of people looking to buy it. Let’s hope that prices will increase in the future as buyers start to make bargain purchases and accidently turn into long-term collectors.
We Are Buyers!!!
We buy all antique paper money issued by The Farmers & Merchants National Bank of El Dorado, KS. We can tell you how much your $5 bill is worth. We aren’t just dealers. We are also collectors, experts, and appraisers. We have contributed to numerous price guides and are considered specialists in the field of national currency. Contact us via phone or email to get your free appraisal today.