1861 $5 Virginia Treasury Note - VF
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Currency Highlights:
Inspect the newest addition to your collection with ease by adding a magnifier to your order.
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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.
This beautiful $5 obsolete bank note from the Virginia Treasury at Richmond, Virginia is in Very Fine condition. It is an excellent addition to any collection!
Currency Highlights:
- Notes will be housed in archival quality currency sleeve.
- Very Fine condition.
- Five dollar denomination.
- Strong and bold signatures.
Inspect the newest addition to your collection with ease by adding a magnifier to your order.
Add this interesting 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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