Three interesting odd denomination broken bank notes

Discussion in 'Paper Money' started by biohc, Aug 12, 2015.

  1. biohc

    biohc Well-Known Member

    Here's 3 interesting broken bank notes or obsolete currency as they're called now. As you can see each is a odd amount not even dollars. All three are only printed on the obverse. I've been hoarding these old broken bank notes for probably 40 years now and these are the only 3 like this I have. I hope you all enjoy checking them out.

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  3. Galen59

    Galen59 Gott helfe mir

    can someone tell me why these notes were even produced?
     
  4. Galen59

    Galen59 Gott helfe mir

    I'm Thinking it's a common use, for a common commodity, cotton, whiskey, tobacco, or give a better reason.
     
  5. biohc

    biohc Well-Known Member

    Galen59 and afantiques like this.
  6. gsalexan

    gsalexan Intaglio aficionado

    Sometimes odd denomination notes were intended to pay for services or products without the need for change -- such as a train ticket -- or as exact change from such a purchase. They might also have been used as interest payments on a bond. For instance a $100 bond that paid 4.5 percent annual interest, would pay out $2.25 every six months. So the banking organization for the loan issuer could just print up banknotes for the exact amount. During Reconstruction, bond coupons often circulated as cash.
     
    Last edited: Aug 13, 2015
    Galen59 likes this.
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