TT 1850'S $500 D-NOTE OBSOLETE NJ, STATE BANK AT NEW BRUNSWICK PMG 64 EPQ
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1850'S $500 Obsolete New Jersey, The State Bank At New Brunswick, plate A. The large, ornate blue "D" overprint at bottom center certainly adds to the eye appeal of this remainder graded 64 EPQ (Exceptional Paper Quality) by PMG. A lovely Choice About Uncirculated example of this higher denomination note that is becoming more difficult to find. This well centered note has interesting vignettes and great color, especially on the nicely engraved back. Great looking note!
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 of obsolete currency can be traced to the staggering inflation that made the paper money issued by the Continental Congress from 1775 to 1779 virtually worthless. As they watched their Continental notes become valueless, the American public developed a mistrust of all paper money issued by the Federal Government. This attitude would prevail right on through the Civil War. A void was created by the lack of Federally issued currency, and in order to fill it, states, cities, banks, railroads, insurance companies, merchants of all kinds, and private individuals issued their own notes and scrip (small change notes). Please view our other on FIRE Ebay auctions. If there is something specific you need, please contact us by email or by calling. 4411uuistksblc.
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