#Obsolete bank note series#

Notes and the last series of $5 bills with a seal other than green. This panoply of paper are now known as вЂObsolete Bank NotesвЂ™ because they were superseded by federally issued currency as the government asserted control over the money supply during the 1860s. Note with red seal - These were the last U.S. Up until the 1860s, a patchwork of state-chartered banks and other entities were emitting a vast range of paper currency, much of it of dubious worth. They circulated until 1969, when they were no longer allowed to be exchanged for silver. 1953 $5 Silver Certificate with blue seal - This was the last series of $5 Silver Certificates. 1934 $5 Federal Reserve Note with green seal - Federal Reserve Notes eventually became the only circulating currency, but in 1934, they were just one of many types. Unlike other bank notes, Silver Certificates were actually backed by real silver in the Treasury, and the holder of the bank note could exchange it for a Silver Dollar until the 1960s. There were at least 20 albums, each filled with notes spanning from the late 1790s to the 1860s: from bank notes and merchant scrip to turnpike. This, however, was a much larger undertaking.

1934 $5 Silver Certificate with blue seal - The first small-size Silver Certificate. This was my second opportunity to scan obsolete bank notes, as I had taken images of certain Illinois issues while at the ANA in Rosemont last year (2015). Note with a red seal - This was the first small-size bank note following the switch from large-size notes which were about 50% bigger. The most noticeable difference is the color of the seal, but the wording on each bank note is also different to reflect the issuing entity and the mode of redemption. All five $5 bills feature similar designs - Abraham Lincoln on the front and the Lincoln Memorial on the back. This grouping represents the three different types of bank notes in circulation from 1928 - 1963. Sutler Note, Maneuthell, 21st Ov: VF small tear: 1550.00. Collect 5 of these unique notes in this $5 Collection. Obsolete and Broken Bank Currency: Place a secure order online: Order Online or Call 1-80.

AmericaвЂ™s Obsolete $5 Bank Note CollectionД«efore Federal Reserve Notes featured only green Treasury Department Seals, there were a number of different notes in America.

Obsolete bank note