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Although the term ‘OBSOLETE’ refers to any form of paper money which has been outdated—and oftentimes extricated from circulation—collectors consider ‘OBSOLETE’ banknotes to be those issued by private banks, individuals, towns, or States.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