Pricing Guide for Obsolete Currency
Obsolete Currency/Louisiana/New Orleans; $10 Citizens' Bank of Louisiana, 186x
Obsolete Currency 360 provides pricing guidance for a wide
variety of top-quality U.S. obsolete currency. This pricing transparency is designed to
assist obsolete currency collectors in making more-informed buy/sell
In an effort to provide collectors with a pricing reference, our
Pricing Guide has estimated the retail value of a great number of obsolete
notes. These price estimates are our
own opinions, taking into consideration a number of factors, including
condition, popularity, rarity, beauty, sales at auctions hosted by third
parties, offerings by obsolete currency dealers, and conditions in the
overall obsolete currency marketplace.
All else being equal, notes that were signed and released to the
public (“issued notes”) generally trade at a premium to those that were never
We update our Pricing Guide from time to time and do not usually
capture the market’s many short-term fluctuations. You should recognize that the prices of
obsolete currency can be quite volatile and that a price for a note in a
particular transaction can deviate substantially from that in our Pricing
Seaside 19, LLC and its affiliated parties each disclaim all
warranties with respect to the pricing information on this site, and you are
authorized to access our obsolete currency Pricing Guide only if you agree
that neither Seaside 19, LLC nor any its affiliated parties shall incur any
liability to you for any losses or damages you might incur from your use of
Pricing Guide for Obsolete Currency
the early to mid 1800s, many banks, companies, merchants, and jurisdictions
(states, counties, cities, and towns) issued their own currency. These notes are now obsolete but have considerable
historical value. Most obsolete
currency sports gorgeous designs, vignettes, and colors, and the sector has a
very strong collector base.
The Condition of Obsolete
Currency. Condition is one of the prime
determinants of an obsolete note’s value.
Minor differences in condition can have a dramatic impact on
pricing. Since individuals can
disagree regarding any particular note’s condition, many obsolete notes are professionally
graded by either Paper Money Guaranty (“PMG”) or PCGS Currency (“PCGS”). These are two large and well-respected
grading services in the obsolete currency arena.
In addition a note’s technical grade of its
condition, collectors should focus on the quality of the note's paper. PMG gives notes with high-quality paper an
EPQ (exceptional paper quality) notation, and PCGS grades them PPQ (premium
Counterfeit, Spurious, Altered,
and Replica Notes. These terms all refer to obsolete
currency that was produced illegitimately during the 1800s in an effort to
pass it off as genuine currency. A
“counterfeit” is a note resembling a real one by the issuing entity. A “spurious” note is one that bears the
name of an actual bank but carries a design that was never issued by such
bank. An “altered” note is one issued
by a bank that had since failed or that never intended to redeem its notes,
with the title subsequently changed to a bank that was still in good
standing. The reference column in our
Pricing Guide strives to point out which obsolete currency is counterfeit
(denoted with a C in the reference column), spurious (S), and altered
(A). Many of these counterfeit,
spurious, and altered notes are very desirable as collectibles. Replica notes, on the other hand, are not
generally desirable as collectibles.
They are mostly photocopies of original notes, often on parchment
paper. They have static serial
numbers, and the signatures, dates, and serial numbers are printed rather than
Keep in mind that rarity is only one of a number of determinants of a
note’s price, and that some rare notes do not sell for high prices. The rarity notations commonly used are as
follows: R1 means that more that 200 examples are known to exist; R2 101-200;
R3 51-100; R4 26-50; R5 11-25; R6 6-10; and R7 1-5. We do not display rarity notations because
they have a tendency to change from time to time as collectors make
discoveries of previously unknown collections.
Collectors should be cognizant that most varieties of obsolete notes
are scarce in uncirculated condition.
Many varieties have no confirmed uncirculated examples. Our Pricing Guide generally reflects
significant price escalation for notes in gem-quality condition, as gem examples
of most notes are particularly difficult to locate.
Purchasing Obsolete Currency from Us. There is a section of this web site that
displays notes that we offer for sale.
Although all of these items were available when the page was prepared,
individual items are subject to prior sale.
If you desire to purchase one or more obsolete notes that we have
listed for sale, please contact us at the email address listed below. We accept personal checks, but new
customers for expensive items may have to await clearance of their check
before we will ship.
We offer a 15-day money-back guarantee (less return postage), as long
as the note holder remains intact and in the same condition as when it was
delivered to you. We reserve the right
to refuse sales to any particular customer or country.
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