Obsoletes

If you look at the listings under the category of Obsolete Currency, it becomes apparent that many people believe that paper money such as Silver Certificates, or anything that isn't currently in circulation today, is Obsolete Currency. Although that may hold true if you're going by the dictionary definition of the term, in the world of paper money collecting, Obsolete Currency refers to paper money that was issued by entities other than the Federal Government, and generally in the period of 1782 - 1866. It includes notes that were issued by state banks, state and local governments, merchants and railroads.
Many people think that the Federal Government was always in the business of printing paper money. The truth is, up until 1862 (with a couple small technical exceptions), the Federal Government was strictly in the coin business, and didn't issue paper money. The establishment of the Bureau & Engraving can be traced back to August 29, 1862.
The bank issued currency makes up the largest portion of the field of Obsolete Currency. These are often referred to "Broken Bank Notes". This is a term that goes back to the days when bank failures were common. The banks were considered "Broken", and their currency was considered "Broken Bank Notes". The term Obsolete Currency is more fitting, as many of the banks did not go broke. As a matter of fact, James Haxby notes in his book "Standard Catalog of United States Obsolete Bank Notes 1782 - 1886" that many of the early national banks or their successors exist today, and some still redeem the old issues of their predecessors!

TT PA $35 MINE CHECK KEWEENAW COUNTY WHAT IN T...

  TT PA $35 MINE CHECK KEWEENAW COUNTY WHAT IN THE "SAM HILL" IS GOING ON! PCGS 35  ...

  TT PA $35 MINE CHECK KEWEENAW COUNTY WHAT IN THE "SAM HILL" IS GOING ON! PCGS 35         11.23.1865 $35.00 Pennsylvania Mine Check Keweenaw County, MI. Graded 35 Very Fine by PCGS. Beautiful certificate from Pennsylvania Mining Company issued in 1865. This historic document has an ornate border around it with a vignette of two horses, a shield and an eagle. This item has been hand signed by the famous Samuel Hill. Here is the story: A possible origin for the phrase "Sam Hi...

$495.00

TT OBS 186_ $10 CITIZENS BANK OF LOUISIANA OBSO...

  TT 186_ $10 CITIZENS BANK OF LOUISIANA OBSOLETE FAMOUS DIX NOTE  PCGS 66 PPQ GEM...

  TT 186_ $10 CITIZENS BANK OF LOUISIANA OBSOLETE FAMOUS DIX NOTE  PCGS 66 PPQ GEM         186_ $10 Obsolete Banknote from Citizens Bank of Louisiana, New Orleans, LA. Graded 66 Premium Paper Quality Gem New by PCGS. Easily the most famous remainder note in the obsolete field, as this fully red tinted "Dix" note has even been listed in the Bowers and Sundman compilation of 100 Greatest American Currency Notes. Lovely Gem New! Citizens’ Bank of Louisiana (1833-1911) was a ...

$1,095.00

TT OBS 1907 $5 SAN FRANCISCO CA. NORTHERN ELECT...

      TT OBS 1907 $5 SAN FRANCISCO CA. NORTHERN ELECTRIC CO. PMG 66 EPQ GEM UNCIRCULATE...

      TT OBS 1907 $5 SAN FRANCISCO CA. NORTHERN ELECTRIC CO. PMG 66 EPQ GEM UNCIRCULATED   November 15th 1907 $5 Northern Eletric Company San Francisco, CA Series A PMG 66 EPQ. Recently , while attending a fairly large Paper Money convention , I came across a Paper Money Dealer who was pushing 90 years old . In his display he had about 1/2 dozen Obsolete certified notes all PMG graded all gems. The first Obsolete Note was 66 and was marked $950, I asked how much for this beauty ...

$1,500.00