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18__ $5 State Bank of Michigan Detroit, Michigan CU Remainder

18__ $5 State Bank of Michigan Detroit, Michigan CU Remainder

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$269.99

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Product Details
Superb color and great vignettes highlight this rare and collectible $5 from the State Bank of Michigan in Detroit, Michigan. Being in Crisp Uncirculated condition only adds to this already desirable Remainder Note.

Currency Highlights:
  • Beautiful and important note issued by The State Bank of Michigan in Detroit, Michigan.
  • Housed in an archival quality currency sleeve.
  • Crisp Uncirculated condition.
  • $5 denomination with a rich color tint to the note.
  • Front: Bold red and black ink. Beautiful vignette of a steam powered paddle boat in the center.
  • Back: Blank.
  • This note is a Remainder Note.

Handle your currency with care by adding these cotton gloves to your order.

Add this highly collectible bank note to your cart today!

Obsolete bank notes are also called "broken bank notes." In the days prior to the Federal Reserve, any bank could produce currency for use by the clients and members of the community. Unfortunately, not many safeguards were taken to ensure that banks stood behind the currency they were producing and circulating. Banks, more often than not, failed and their currency was rendered worthless. As a result, most bank notes of the period did not trade at their full retail value. Oftentimes, notes were worth 50 cents on the dollar because the public expected the banks to fail.

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