Obsolete Currency

$75.00

In the late 1780’s, there became a need for currency that would circulate freely. Private banks were formed that issued their own currency, additionally major institutions like railroads, navigation companies, and private merchants also issued currency. This system, which had a high degree of counterfeiting, existed up until 1862 when the government taxed it out existence.

Product Description

In the late 1780’s, there became a need for currency that would circulate freely. Private banks were formed that issued their own currency, additionally major institutions like railroads, navigation companies, and private merchants also issued currency. This system, which had a high degree of counterfeiting, existed up until 1862 when the government taxed it out existence.

Additional Information

Origin

Virginia

Date

1862

Denomination

One Dollar

Grade

CU

Reverse

Plain