A Pricing Guide for Obsolete Currency


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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 decisions.


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 issued (“remainders”).


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 Guide.


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 this site.


Pricing Guide for Obsolete Currency





New Hampshire





New Jersey





New York





North Carolina







District of Columbia




West Virginia




Rhode Island





South Carolina



Introduction.  In 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 paper quality).


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 signed.


Rarity.  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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