1863 State of Alabama 50 Cent Note (CR-4) AU
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$94.99
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Product Details
This beautiful 50 cents obsolete bank note from the State of Alabama in Montgomery, Alabama is in Almost Uncirculated condition. This remainder note would make an excellent addition to any collection!
Currency Highlights:- Notes will be housed in archival quality currency sleeves.
- Almost Uncirculated condition.
- Fifty cents denomination.
- Face: It depicts the Alabama tree and map. Bold blue 50 Cts overprint.
- Back: Blank.
- This is the second series and is cataloged as Criswell-4.
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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. - Specifications
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