The following is some very basic information about the denominations and years that The Eastern Bank of Alabama printed money:
The branch bank location in Eufaula issued the following types of currency:
1st Series (Denomination & Dates): $1 – March 15, 1860
2nd Series: $2 – March 15, 1860
3rd Series: $3 – March 15, 1860
4th Series: $5 – 1859
5th Series: $5 – 1859
6th Series: $10 – 1858
7th Series: $20 – 1858
8th Series: $20 – 1859
Banknotes issued by The Eastern Bank of Alabama are no longer good at a value equal to their face value. However, the banknote can certainly still be rare, collectible and hold significant value. These are known as obsolete banknotes.
Obsolete money is valued similarly to any other antique currency. The condition and rarity are the two most important factors that determine what the specimen can be valued at.