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 –Â New York and Georgia, 1849 –Â Arkansas, 1850 –Â New Jersey, 1851 – Illinois, Maine and Ohio, 1852 –Â Indiana, Rhode Island, Tennessee and Wisconsin, 1853 –Â Florida, 1858 –Â 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.
