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people believe that paper money such as Silver Certificates, or anything that isn't currently in circulation today, is Obsolete Currency.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 1861 $50 OBSOLETE TALLAHASSEE STATE OF FLORI...

TT 1861 $50 OBSOLETE TALLAHASSEE STATE OF FLORIDA PMG 65 EPQ GEM UNCIRCULATED   1861 $50 Ob...

TT 1861 $50 OBSOLETE TALLAHASSEE STATE OF FLORIDA PMG 65 EPQ GEM UNCIRCULATED   1861 $50 Obsolete Note from Tallahassee State Of Florida. Showing plate G and serial number 2816. Graded 65 EPQ (Exceptional Paper Quality) Gem Uncirculated by PMG. Florida State notes have been avidly collected with the Confederate and Florida Obsolete note series for over a century. This is high-grade 1861 note with an engraved date. Seated Ceres is at the center. On this variant, the note was signed by Go...

$695.00

TT NOV. 1, 1862 CR. 34 STATE OF MISSISSIPPI JAC...

    TT NOV. 1, 1862 CR. 34 STATE OF MISSISSIPPI JACKSON, MS $20 OBSOLETE PCGS 20!           ...

    TT NOV. 1, 1862 CR. 34 STATE OF MISSISSIPPI JACKSON, MS $20 OBSOLETE PCGS 20!           Nov. 1, 1862 $20 Remainder Obsolete from State of Mississippi, Jackson, MS. Cr. 34 and serial number 8674. Graded 20 Very Fine by PCGS. $20 Obsolete displaying strong inks despite the quick circulation endured! A remainder bank note is a note that has been prepared for issue, but not issued for one reason or another. Perhaps the issuer of the notes failed, or maybe it merged with another issuer. O...

$129.00

TT OBS 1837-39 $5 OBSOLETE MILLERS BANK ANN ARB...

    TT OBS 1837-39 $5 OBSOLETE MILLERS BANK ANN ARBOR, MI PMG 67 EPQ SUPERB "REMAIND...

    TT OBS 1837-39 $5 OBSOLETE MILLERS BANK ANN ARBOR, MI PMG 67 EPQ SUPERB "REMAINDER"   1837-39 $5 The Millers Bank of Washtenaw Ann Arbor, MI Remainder. Graded 67 EPQ (Exceptional Paper Quality) SUPERB GEM UNC by PMG. Bold print, spectacular margins and superb eye appeal. One of the most interesting types of American paper money is "obsolete currency". Defined as privately issued paper money used in United States after the Revolution and through the Civil War. The origins ...

$379.00

TT OBS 1840'S $1, $2 AND $3 LAMBERTVILLE, NJ OB...

  TT OBS 1840'S $1, $2 AND $3 LAMBERTVILLE, NJ OBSOLETE PMG 66 EPQ GEM 3 IN A ROW    ...

  TT OBS 1840'S $1, $2 AND $3 LAMBERTVILLE, NJ OBSOLETE PMG 66 EPQ GEM 3 IN A ROW    Lambertville, NJ - The New Hope Delaware Bridge Co. $1; $2; $3 G4; G8; G12 . All three notes are graded Gem Uncirculated by PMG. The Ace and Deuce are graded 66 EPQ (Exceptional Paper Quality) Gem Uncirculated and the $3 is graded 65 EPQ (Exceptional Paper Quality) Gem Uncirculated. Bullseye centering, sharp corners, bold printing, vivid detail and wonderful design. One of the most interesting ...

$995.00

TT OBS 18__ $10 HAGERSTOWN, MD OBSOLETE NOTE PC...

  TT FR 18__ $10 HAGERSTOWN, MD OBSOLETE NOTE PCGS 69 PPQ SUPERB GEM NEW   18__ Ob...

  TT FR 18__ $10 HAGERSTOWN, MD OBSOLETE NOTE PCGS 69 PPQ SUPERB GEM NEW   18__ Obsolete Bank Note from Hagerstown Bank, Hagerstown, MD. Showing plate A. A beautifully preserved remainder graded Superb Gem New 69 PPQ (Premium Paper Quality) by PCGS, the Hagerstown Bank operated without a charter until it was granted one in 1808. Eventually the bank merged with the Hagerstown Bank & Trust Co. This attractive red and black $5 has a machine printed serial number 5383. The figu...

$795.00

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

TT PK OBS 1864 $5 OBSOLETE TALLAHASSEE STATE OF...

    TT PK 0001864 $5 OBSOLETE TALLAHASSEE STATE OF FLORIDA PMG 50 EPQ ABOUT UNCIRCULATED...

    TT PK 0001864 $5 OBSOLETE TALLAHASSEE STATE OF FLORIDA PMG 50 EPQ ABOUT UNCIRCULATED   1864 $5 Obsolete Note from Tallahassee State Of Florida. Showing plate J and serial number 13662. Graded 50 EPQ (Exceptional Paper Quality) by PMG. A note with great color and eye appeal, this example is the variety printed on plain paper. The signatures of the authorized individuals who signed on behalf of the Treasurer and Governor are seen near the top margin. One of the most interesti...

$695.00