169
February 17th 1864 Confederate $50 Bill from Richmond, Virginia T-66 Grades Vf Details
Currency:USD
Category:Coins & Paper Money
Start Price:10.00 USD
Estimated At:25.00 - 100.00 USD
SOLD
30.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Nov 11 @ 00:40UTC-5 : EST/CDT
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
February 17th 1864 Confederate $50 Bill from Richmond, Virginia T-66 Grades Vf Details. From 1790 to 1863, states and private banks issued their own currency to supply capital in a young nation without a national currency. This currency was backed by the hard money the banks had on deposit, and was only used locally where the bank and its operators were trusted in the community. However, banks often oversupplied notes, and this overextension caused bankruptcy among private and state banks when financial panic struck, particularly in 1837. Currencies from these failed banks are known as “obsolete bank notes” or “broken bank notes,” and several are held in the National Numismatic Collection.
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
Previewing Details:
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Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
Additional Fees:
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