Obsolete Currency - The lack of specie (coins or hard metal currency) during the early 1800s caused many banks to issue their own bank notes in order to lend money or allow local citizens to purchase items from merchants. These notes were backed, not by the federal government, but by the financial strength of the bank issuing the notes. This continued until 1862 when the federal government began issuing their own bank notes.
Obsolete bank notes were issued by thousands of different banks and issued in a wide variety of denominations. Many collectors amass collections from banks on their own hometowns, or by states, or by subjects portrayed on notes such as ships, horses, children and famous people. Obsolete bank notes still exist in uncut sheets of notes as well from some issuing banks. These uncut sheets are extremely desirable when they are available. The artwork and intricate engraving that can be found on these notes is amazing, and they look great framed.
To view available Obsolete Bank Notes or to get prices, click on the image below representing the Obsolete Note of your interest: