1850s $1 Omaha City Bank Omaha, Nebraska AU-50 PCGS (NE-70-G2a)
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Currency Highlights:
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.
This beautiful $1 obsolete bank note from the Omaha City Bank and Land Company in Omaha, Nebraska is graded Almost Uncirculated-50 by PCGS. It is an excellent addition to any collection! From the Gerome Walton Collection.
Currency Highlights:
- Housed in an archival quality currency holder.
- Graded Almost Uncirculated-50 by PCGS.
- One dollar denomination.
- Face: Vignette of a reclined Native American hunter at center motions to the other for silence as they watch deer grazing below. There is a farmer with scythe at top left and a child with rabbits at the lower right. Red ink overprint "ONE."
- Back: Blank.
- Haxby NE-70-G2a.
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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