After the end of the American Revolutionary War, the U.S. government struck coinage, but did not issue any official paper currency for circulation. This made everyday commerce difficult, as large transactions would be very cumbersome if completed solely with coins. Accordingly, private banks and institutions began to issue banknotes to ease commerce.
These notes are referred to as "Obsolete Currency" because they ceased circulating during the Civil War. Between 1810 and 1865, countless banks, railroads, states, canal companies and private merchants issued currency in many different denominations. Some are very colorful and all are historic: odd denominations include 2 cent, $1.50, $3, $4, etc.
During the Civil War, the various Confederate States issued their own banknotes to circulate alongside Confederate currency. Obsolete currency is some of the most attractive and historically interesting currency produced in this nation. Add some to your collection!
PROOF, Newton, The Sussex Bank. Has the typical hole punch cancellations. Pedigree to the American Bank Note archives.
PROOF, Newton, The Sussex Bank. Has the typical hole punch cancellations. PCGS uses the apparent term for small repaired tears. Pedigree to the American Bank Note archives.
A tougher 4 note uncut sheet, Bucks County PA. Nice crisp notes on onion skin paper with red silk fibers and great color.
Cincinnati Post Notes. Uncut sheet of 4 notes.
Cincinnati Post Notes. Uncut sheet of 4 notes. $1, $2, $3, $5 notes.
Hulme Ville, Pa., Farmers Bank of Bucks County., (Philadelphia area). A beautiful uncut sheet of three notes. The $50, $100 and interestingly a Post Note. Post Notes were left blank in the denomination area until actually issued. At that time they essentially became a circulating promissory note. An earlier issue with fantastic quality and very scarce.
Uncut sheet of 4 notes.
Maryland State Colonization Society. For use at the government store in Harper, Maryland, Liberia--a freed slave colony. Rooster ctr. Pink paper. Contemporary reprint. Neat!
Frostburg, Allegany County. Store scrip note of George Krebs. Very scarce!
Merchants Bank, New York. Mercury seated on cotton; young boy. Light cut cancel partially closed with stamp hinge paper. Super $100!
Mississippi Marine & Fire Insurance Co. Sinipee, Wi
Uncut sheet of 4., Citizens Bank of Louisiana, New Orleans. A very popular issue. The $1's display a portrait of President Millard Fillmore, the $2 has a Vignette of a Maid at the Docks and the $3 a Deer hunter with dogs and catch.
A crisp scarce uncut sheet of 4 notes.