Citizens' Bank of Louisiana Uncut Currency Sheet - $250.00

 



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sheet

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.

 


 

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
Washington, and Ulysses S. Grant. Opposite side of note is blank.

   

 Giori Test Note Single with reverse designs of $1 and $5 Federal Reserve Notes.
Opposite side of note is blank.

 


 

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.

 

Louisiana $5 Note  Baton Rouge Issue (1862)  $29.95

Louisiana $5 Note  Shreveport Issue (1863)  $29.95  

 


 

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.

By 1860, an estimated 8,000 different state banks were circulating worthless currency called "wildcat" or "broken" bank notes, so called because many of these banks were located in remote regions and frequently failed or "went broke." The era ended in 1863 with the passage of the National Bank Act.

The currency at left is a half-sheet of unissued notes from the Canal & Banking Company in New Orleans, Louisiana.

Canal & Banking Co. New Orleans $20 notes, 1/2 sheet  $75.00  

 


 

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.

These assignats are approximately 3.25" x 3". Dated "Loi Du 23. Mai 1793". Series 3264. One-sided, printed in black "de cinquante sols - payable au porteur" (50 sols - payable to bearer). Authorizing signature of "Laussay" also printed in black. Features at bottom a vignette of two seated figures holding the scales of justice and a tablet of the "Droits De L'Homme" (Rights of Man). Designed with punched through embossing and a watermark to prevent counterfeiting. Beautiful piece of French currency from the year in which King Louis XVI and his wife Marie Antoinette were executed by guillotine.

1793 French Currency -Assignat  $29.95  

 


 

$20 National Currency - First National Bank of Lafayette, Louisiana

 

 


 

$100 National Currency - Commercial National Bank of Shreveport, Louisiana

 

 

$100 Shreveport Note - $450.00

 



            

 

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