A small collection of obsolete paper money

Since few months, I'm interested in the notes issued by private U.S. banks, the so-called obsolete paper money.
In Italy it is very hard to find, so far mine is a small collection (less than 10 pieces), that I want bring to your attention for a judgment and, if possible, further information.

Beginning with two notes from South Carolina.

The first is $10 by State Bank of South Carolina, that was chartered in 1812 and closed in 1868. The note is hand dated February 8th 1860, it was issued just before the outbreak of the Civil War (the reverse is blank).





The second is 15 cents (a fractional note?) from the The Bank of the State of South Carolina (I think the same bank of the other, it's correct?) issued in wartime, February 1st 1863.



petronius

 

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From Augusta, Georgia, $5 by The Mechanics Bank, dated October 1st 1861






and from Virginia, a Treasury note dated October 15th 1862.





See you tomorrow for other notes :smile


petronius

 

It's interesting how much alike these notes are. They remind me of the Republic of Texas money. This is not my note but I dream of owning one one day.

 

Back then you had to be pretty big time to own a $50 note. Most people had like 50 bucks to their name if they were lucky .

I think I like your state bank 10 note for South Carolina the most. I like coins and bills with ships on them. Makes me think of pirates and I always wanted to be a pirate .

 

Nice collection of obsoletes petronius. I also collect obsoletes but mostly New Jersey issues, both bank notes and private scrip. Welcome to C/T.

Bruce

 

I´m loving these notes, very nice.

 

My collection of obsoletes is relatively small, but I've been meaning to start collecting banks here in PA. I had one and sold it to a coin dealer in the town it was issued, and have been looking for another example ever since.

 

Hi Bruce :smile

For the moment, given the difficulty to find these notes for me, I dedicate myself to any particular State, I'd like to have at least one note for each State, for now I have by seven States.

Some of these are reaminders, what do you think about? Collecting them is correct along with the issued notes?

ciao.
Maurizio :smile

 

I try to stay away from remainders Maurizio because I like the idea of the note actually having been issued and possibily circulated. Something about the note having a signature on it and a serial number is more appealing to me than one that doesn't.

Bruce

 

I have mixed emotions about remainders. I have around 40-50 of them and some will stay in my collection while others are sold. Some issues are only available as remainders so to complete the collection you must have them.

 

Me too.

I agreee with Bruce that issued and circulated notes (and coins) are much more attractive, and that a true numismatist should devote himself only on their. But when I see their wonderful vignettes, and I think of how far they traveled before ending up in my collection ... is difficult to resist :burger:

For example, this is one of my favourites, for his big eagle.

$ 1 Farmington Bank - New Hampshire





@ snapsalot: There is a small ship left of the eagle





petronius :smile

 

I do too Joe, but so far I haven't had to add a remainder to place a missing note in a series. Someday I'm sure I'll have to do it, but not yet. I can see you buying that Farmington remainder Maurizio, it's beautiful.

Bruce

 

Three others remainder, which complete my collection, for the moment.

$ 5 The Stonington Bank - Connecticut

Chartered in June 1822, Stonington Bank opened his doors later the same year. At the time, the town was a seaport active in the whaling trade, and reflecting of the whaling industry, certain bills show related motifs, or vignettes of marine environment...in this note, Neptune, god of the sea.
The bank closed in the mid-1860s.








$ 5 The Bank of Washtenaw - Ann Arbor - Michigan

The Bank of Washtenaw was chartered on March 1835, and succumbed to the effects of the Panic of 1837, as most of the banks of Michigan





And at the end

$ 20 Canal Bank - New Orleans - Louisiana

The Canal Bank was the largest bank in New Orleans before the Civil War. In 1848 its capital was more than $ 3,000,000, and in 1849 it had $ 1,714,835 face value bills in circulation





petronius :smile

 

Love the notes petronius. I enjoy the history you provided for each one too. I research almost everything I buy, whether it's paper money, counterstamps, tokens or coins. It makes collecting much more interesting to me.

Bruce

 

Thanks Bruce :smile

I too am always looking for the history of coins and banknotes, and buy a numismatic book is important for me like buying a coin. For obsolete paper money, before buying the notes, I bought this book...enjoy it :thumb:





ciao.
Maurizio :smile

 

That is a good book and I also enjoy it!

 

I was so pleased to see the Bank of Washtenaw note -- my home town is Ann Arbor and I collect obsoletes from Washtenaw County. Here are two quite scare ones from the Bank of Ann Arbor and the Exchange Bank (of Ann Arbor). As previously mentioned, sometimes the only way to collect these banks is through remainder notes.

 

Like your New Orleans Louisiana, Canal Bank Note, I'm trying to get the complete series of denominations issued for the Louisiana Citizens Bank of New Orleans and their Sherevport Branch as well. Just need the $50 from New Orleans and the $100 from Sherevport.

 

Do you have the "dix-note" of the Citizen Bank?

petronius

 

Nice note! I have one from Washtenaw as well and happen to enjoy it very much. It's one with maidens on it and will have to post it here when I get home.