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. g
I'm Thinking it's a common use, for a common commodity, cotton, whiskey, tobacco, or give a better reason.
Here's a link to an article about these interesting notes: http://ypsigleanings.aadl.org/ypsigleanings/15031
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.