Obsolete US currency, Circulated and Uncirculated Remainders & Proofs from Wildcat Banks. Includes Interest bearing state bond scrips.
15 states states enacted free banking laws between 1838 and 1860. 1838 – New York and Georgia, 1849 – Arkansas, 1850 – New Jersey, 1851 – Illinois, Maine and Ohio, 1852 – Indiana, Rhode Island, Tennessee and Wisconsin, 1853 – Florida, 1858 – Minnesota and Iowa, 1860 – Pennsylvania. Inflation, over printing and lack of backing, economic instability and the Civil War induced The federal government to step in with the National Bank Act of 1863, creating a centralized currency system and phasing out these locally issued notes. Many, but not all obsolete US currency listed here are from our home state, New Jersey, a state with a rich history, our main source of interest. Others are chosen for their beauty in the etchings or rarity. Check out our blog for some interesting articles about some of these.
