Louisiana New Orleans Canal Bank $100 PMG Choice AU PP-A Small Tear, Toning
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View Listings View Feedback Add To Favorites Vist Store Ask Question Watch ItemLouisiana New Orleans Canal Bank $100 PMG Choice AU 58 PP-A Small Tear, ToningItem# 007450Issue: Obsolete Bank NotesUNITED STATES OF AMERICALouisiana, New OrleansCanal BankPlate Letter(s): A1850's, $100Catalogue No: Haxby#LA105G60aCertified by: PMG Choice About Uncirculated 58Very Nice QualityThis note has a small tear that I cannot find.A note on quality of Obsolete Bank Notes.Unlike regular US Government notes, bank notes were not printed on the finest of cotton-bond paper or with the best of inks. They were not meant to circulate for a long period of time or circulate throughout the nation. They usually circulated on a local or state level, and probably not more then a few years at best. They were printed on whatever paper was available at the time. On some notes one can see some of the wood or pulp chips in the paper. In some cases, they were printed on earlier notes that were no longer in use. The technology of acid-free paper was not there yet, as seen with some of our national historical documents, and paper was much scarcer than we can today imagine. These notes had to be printed on semi-wet or moist paper, or the ink would not properly adhere. They were very labor intensive, and were printed by hand, one side at a time. They would manually ink
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