Citizens' Bank of Louisiana Uncut Currency Sheet - $250.00
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Prior to the outbreak of the Civil War, the Federal government had issued currency only on a sporadic basis (generally during a crisis), choosing instead to rely on specie (gold and silver) to circulate as a median of exchange. Local institutions, to help alleviate periodic shortages of specie and to facilitate commerce, issued various types of paper money to be redeemed for coins at a later date. The success of these issues varied, with some institutions redeeming the majority of their currency, while some closed their doors and left their customers holding worthless pieces of paper.
This is a beautiful uncut sheet of four notes from
the Citizens' Bank of Louisiana at New Orleans. This black and white
sheet has two $1 notes, one $2 note, and one $3 note. The back of this
sheet is blank. $1
notes feature sailing ships in the center, a sailor at left (some
attribute to Christopher Columbus), and President Millard Fillmore at
right. The $2 note features President Fillmore at left, maiden at the
docks in center, and a vignette known as
Looking Out at the right. The
$3 note features at center
three buckskin clad hunters, two watching while their partner attempts
to coax a flame from a newly lit fire. A freshly killed deer is tied
across the back of a white horse. Two dogs complete the scene. A
vignette in the lower left corner depicts a lovely maiden seated by the
shore, possible meant to represent Commerce. The lower right corner
features a shipbuilder splitting a piece of lumber (the framework of a
ship can be seen in the background).
Printed by the American Bank Note Company,
the premier printing company in the U.S. at that time.
Printed by the American Bank Note Company, the premier printing company in the U.S. at that time.
Giori Test Note Sheet - $775.00
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At the conclusion of WWII, Gualtiero Giori created what was eventually known as the Giori Press. This groundbreaking method allowed two-color and even three-color engraving from a single plate, in one pass.
In the 1970s, to help improve the Bureau of Engraving and Printing’s printing process and modernize the machinery, the BEP contracted with the American Bank Note Company to design a press. They, in turn, subcontracted the work to the American Can Company. The company chose the Geneva, New York, plant as the site for building the press and Edgar L. Pigman was selected as the engineer to work on the project.
Mr. Pigman designed the presses and tested them using the Giori process. The plates displayed approximately 32 different vignettes, including portraits of Presidents Washington, Lincoln and Grant that are identical to those on the $1, $5 and $50 Federal Reserve Notes that were then current in circulation. While the presses worked fine in Geneva (making these test notes), and were delivered to Washington, D.C., they were never used for making any currency that went into circulation.
Originally considered by the BEP as illegal for collectors to own since they somewhat resembled authentic circulating currency, the restriction on private ownership has since been lifted.
Giori Test Note Singles - $195.00 or $375.00 for the pair
Giori Test Note Single with vignettes of Presidents
Abraham Lincoln, George
Giori Test Note Single with reverse designs of $1
and $5 Federal Reserve Notes.
Louisiana $5 Notes
Want to own a piece of Louisiana history? These attractive notes were issued over 150 years ago and are in average circulated condition.
Broken Bank Note from New Orleans!
The Free Banking Era
(1837-1862) followed the demise of the First and Second Banks of the
United States, marking a quarter century in which American banking was a
hodgepodge of state-chartered banks without federal regulation. Seeing
both an opportunity for profit and a means of addressing a need for a
portable medium for exchange, many banks began printing currency. In
some cases the banks backed their currency with some form of
subscribership or hard assets, but this was not the path followed by all
banks. Almost every bank eventually issued more bank notes than they
could back with assets; and when a currency panic ensued, the banks were
unable to redeem their notes and had to suspend specie (coin) payment,
usually resulting in the bank going out of business.
1793 French Currency - Assignat
An assignat was paper money issued by the National
Assembly in France during the French Revolution. They were issued after
the confiscation of church properties in 1790. The government was
bankrupt and thought that the financial problems could be solved by
printing certificates representing the value of church properties.
Originally meant as bonds, they evolved into currency used as legal
tender. Assignats were used to retire a significant portion of the
national debt since they were accepted as legitimate payment by domestic
and international creditors. However, since there was no control over
the amount to be printed, massive hyperinflation resulted. Instead of
solving the financial problems, the assignats became a catalyst for food
riots. Instability continued after the abolition of the monarchy,
intensified by the wars France faced. In early 1792, they had lost most
of their nominal value.
$20 National Currency - First National Bank of Lafayette, Louisiana
$100 Shreveport Note - $450.00
$100 Shreveport Note - $450.00
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