- Product Details
- Sell to Us
- Notes will be housed in archival quality currency holder by PMG.
- Graded Very Fine-20 by PMG.
- Five dollar denomination.
- Face: Nice vignette of a train at center with red roman numeral V.
- Back: Blank.
- Cataloged as MSCR36.
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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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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.