(p) 586-979-3400 | (e) info@executivecurrency.com
P.O. Box 2
Roseville, MI 48066-0002
www.ExecutiveCurrency.com
Executive Currency - Offering Rare Paper Money for the Connoisseur

 
50 ct=OBSOLETE=1862=SUSQUEHANNA VALLEY BANK=BINGHAM, NY=UNSIGN=0 SOLD IN 100 YRS
 
50 ct=OBSOLETE=1862=SUSQUEHANNA VALLEY BANK=BINGHAM, NY=UNSIGN=0 SOLD IN 100 YRS
Larger Image
$125.00
$115.00
 
 
Description:

from a collection formed over multiple decades, prior to the owner’s passing

a fascinating glimpse into the

‘way things were’

some carried price tags of 50cents!

anecdotal suggestion that today’s “high prices”

might look cheap in the rearview mirror

 

 

OBSOLETE  or  BROKEN  BANK  NOTE:

 

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Although the term ‘OBSOLETE’ refers to any form of paper money which has been outdated—and oftentimes extricated from circulation—collectors consider ‘OBSOLETE’ banknotes to be those issued by private banks, individuals, towns, or States.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

 

 

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

 

 

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

 

the note illustrated is the exact one you will receive

 this note has a value far in excess of our asking price

 

PLEASE RESEARCH by YOUR OWN methods!

For more information on this piece, please call our office, 586.979.3400

eBay no longer permits sellers to provide objective data as to the value of paper money they are selling…

 

 

 Although we believe our price is very fair in the current market, it is our desire to place quality banknotes into appreciative collections.  Feel free to make an intelligent counter-offer through the eBay system if a discount will land this note into your collection.

 

 

Terms and Conditions of Sale [1] All items guaranteed genuine as described without time limit. The original buyer of any item purchased from BART, Inc, doing business as ExecutiveCurrency.com and later proven to be non-authentic shall receive a refund of the original purchase price as compensation in full without further liability to the seller.

[2]Because grading remains a subjective opinion which varies between examiner and examiner, current or future difference in grades do NOT constitute lack of authenticity.

[3] The original purchaser may exercise a fourteen day, no-questions-asked return privilege providing the item is returned in the same condition as sold.

[4] However, NO item shall be accepted for return after submission to a third-party grading service. If purchasing third-party graded ("slabbed") notes are of importance, we respectfully request you consider only notes which are already encapsulated.

[5] The buyer should consult the published guarantees/warranties of each third-party grading service and rely solely on those for claims after the return privilege extended by ExecutiveCurrency.com

[6] Any request for variance to these Terms and Conditions must be executed in writing before a sale.

Professional Numismatists Guild (PNG)
Frederick J. Bart #585
Doris A. Bart #A762
Bianca B. Bart #A763 
 
         
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