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!
Hulm Ville, Pa., Farmers Bank of Bucks County (Philadelphia area). A magnificent quality four note sheet of these very early and scarce Pa. issues.
Hulme Ville, Pa., Farmers Bank of Bucks County (Philadelphia area). A magnificent quality four note sheet of these very early and scarce Pa. issues.
Hulm 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. This is an outstanding very early item from any Pa. bank, fantastic quality and very scarce.
Virginia Saline Bank. Clarksburg Virginia. An early short-lived bank Edges are a little rag tag but solid overall.
Port Deposit, MD. Susquehanna Bank, Scarce sheet with seated maidens and rowboat vignettes. 4 note uncut sheet
Peoples' Bank of Paterson, New Jersey. A small slice of paper out at the bottom probably due to ink burn. An unusual denomination.
Uncut sheet of 3. Erie and Kalamazoo Railroad Company. Issued around the time Toledo was part of the Territory of Michigan.
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!
Mechanics' Hall Association of Newark. New Jersey. Vignettes include Benjamin Franklin and an 1837 Bust half.
Baltimore. T.T.Tucker & Bros. KSG #5.157.2. R-6. The issuer operated a lottery and exchange brokerage business from 1837 to 1840. This scrip was redeemable in stock orders of the Baltimore and Ohio Railroad Co.
Frostburg, Allegany County. Store scrip note of George Krebs. Very scarce!
Merchants Bank, New York. Mercury seated on cotton; young boy. Light closed cut cancel. Super $100!
Morris Canal & Banking Co. Jersey City New Jersey.
Darlington, MD. Uncut sheet of 6 notes. Remainders from T.W.& B. Silver, Jr. The issuers were proprietors of a general store.