18__ $5 State Bank of Michigan Detroit, Michigan CU Remainder
Rollover
to zoom
Currently Out of Stock
Your purchase will match the quality of the product shown.
Related Products
- Product Details
- Specifications
- Sell to Us
Product Details
Currency Highlights:
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.
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.
Not yet rated. Be the first to Write a Review
We provide all of our customers with a refund, return and / or exchange on everything we sell including all bullion and certified coins. If for any reason, you have a problem, please feel free to call us. We will always do our best to accommodate you.
