Description:
from a collection formed over multiple decades, prior to the
owner’s passing
a fascinating glimpse into the
‘way things were’
some single notes
carried price tags of 50cents!
anecdotal suggestion that today’s “high prices”
might look cheap in the rearview mirror
UNCUT SHEET of
OBSOLETE or BROKEN
BANK NOTES:
FOUR NOTES, EXACTLY AS PRINTED,
NEVER CUT for
CIRCULATION
a miracle of survival—having outlasted every president since
Abraham Lincoln
a FORERUNNER to the MONEY in YOUR POCKET
à Long before the United States government
officially issued paper currency in 1861 with the introduction of Demand Notes,
paper mediums of exchange existed. Among
these were privately-issued and State-issued bank and scrip notes which
typically circulated in a narrow radius from their point of release. These
carried denominations from one-half cent to several thousand dollars.
Although the term
‘OBSOLETE’ refers to any form of paper money which has been outdated—and
oftentimes extricated from circulation—collectors consider ‘OBSOLETE’ banknotes
to be those issued by private banks, individuals, towns, or States. Nothing “backed” the banknotes and, in the
era before rapid communication, bearers of these notes often held worthless
pieces of paper after the issuing bank failed or went broke—hence the secondly
most applied designation ‘BROKEN BANK NOTE.’
Many of the most
common/available (and most artistically attractive) come from the South.
A VERY HISTORIC—and EMINENTLY COLLECTIBLE—TYPE
of PAPER
MONEY:
An opportunity to begin or expand a collection at a very
attractive cost. Common obsolete notes
can be acquired for less than one hundred dollars and many magnificent and
likewise scarce pieces can be secured for less than five hundred dollars.
There are TWO
MAJOR distinctions among the OBSOLETES:
--ISSUED
--REMAINDERS
Issued notes will
be fully complete, including signatures, dates, and serial numbers.
Remainders will
generally be in high grade (often Crisp Uncirculated) and frequently are
incomplete missing all/some of the signatures, serials, date/year, etc. Remainders offer an excellent venue to
acquiring attractive examples at affordable prices. Remainders represent notes leftover pieces
after a bank failed or after private issues were outlawed.
ALMOST ALL are EXCEPTIONALLY ATTRACTIVE
No collection is complete without an example—yet so few collectors
have ventured into this territory.
this lot contains
a
WONDERFUL EXAMPLE of an ORIGINAL UNCUT SHEET of
OBSOLETE BANKNOTES from:
NEW ORLEANS, LOUISIANA
issued by the:
CANAL BANK, The New Orleans Canal & Banking Company
this sheet contains the denomination of:
$10
date of:
________, 18__
wonderful images and vignettes of:
The ROMAN NUMERAL "X" surrounded by CHERUBS with the bust of Benjamin Franklin and George Washington as central image; CHRISTOPHER COLUMBUS at left; & LAFAYETTE AT RIGHT
this lovely
specimen has:
been preserved in IMMACULATE CONDITION
and is a
REMAINDER
other attributes
of this particular sheet:
FULL SELVEDGE AROUND ENTIRE SHEET GORGEOUS ORNATE "TEN" GRAY UNDERPRINT BEAUTIFUL DEEP RED BACK with EAGLE AS CENTRAL IMAGE
The ways to
collect OBSOLETE CURRENCY borders on limitless.
Some of the more common
ways involve
topics or themes, such as:
--by City,
County/Parrish, State
--by denomination
--by assembling a
denomination set, including such unusual denominations like
$1.25, $1.75, 1/8
dollar, etc
--by certain
vignettes, specific printers, or engravers
--by purchasing
only issued notes or only remainders
--by limiting the
dollar amount spent on any one piece
--by one specific
bank including all denominations, years/series
this SPELL-BINDING
SPECIMEN preserved in HIGHLY COLLECTIBLE CONDITION, suitable for
even the fussiest of collectors as it is an above-average example for its
technical grade
destined to enhance any
collection
authenticated and
conservatively graded:
GEM NEW; with a few short splits in the selvedge NOT into the design
please
study the hi-resolution image yourself
REFER to the SCAN to EVALUATE the CENTERING, INKS, ALIGNMENT,
to formulate an
independent opinion as to the quality and suitability of the piece,
then use your own
impression to determine the suitability of this piece for you own collection
based
upon information provided by our colleagues at
ObsoleteCurrency360.com
--or—
other
auction sales, dealers’ listings, etc
this sheet has an
approximate value of
$300
we encourage you
to verify this for yourself
the sheet illustrated is the exact one you will receive
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