The following is some very basic information about the denominations and years that The Farmers Bank of Alabama printed money:
The branch bank location in Montgomery issued the following types of currency:
1st Series (Denomination & Dates): $1 – 1862s
2nd Series: $5 – 1862s
3rd Series: $20 – 1862s
Banknotes issued by The Farmers 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 signicant 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.