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1862 Augusta Insurance & Banking Co $1.00 Note VG/F

1862 Augusta Insurance & Banking Co $1.00 Note VG/F

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$99.99

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Any Quantity $99.99 $101.03 $104.16
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Product Details
This 1861 $1 note from the State of Georgia the Augusta Insurance and Banking Co. is in Fine condition. It is an excellent addition to any collection.

Currency Highlights:
  • Notes will be housed in archival quality currency sleeves.
  • Graded Fine.
  • Face: horses drinking from water and a picture of a young women on right.
  • Back: Intentionally left blank.


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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.

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