New Jersey Morristown Morris County Bank $20 Obsolete Gem Unc Perfect Margins

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  • Item Category: Coins & Currency
  • Source: eBay
  • Sold Date: Aug 01, 2016
  • Channel: Auction House
Auctions Buy It Now Ending Today View Feedback Store Newletter Visit Store New Jersey Morristown Morris County Bank $20 Obsolete Gem Unc Perfect Margins Item# 008032 Issue: Obsolete Bank Notes UNITED STATES OF AMERICA New Jersey, Morristown Morris County Bank 1850's, $20 Gem Uncirculated Nice Quality Scarce
The note has perfect margins. It is a little toned on the back, from been in a frame for many years. I was told that the sheet which this note comes from, belonged to a family which one of their ancestors worked for the bank in the mid 1850's.
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 The technology of acid-free paper was not there yet, as seen with some of our national historical documents, and paper was much scarcer than we can today imagine.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
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