How the Republic of Texas began its Paper Money Career… Texas’ roots have a rich and fascinating history that has...
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Paper currency has been used as a medium for commerce since the early ancient Chinese Dynasties. Paper currency, or often called banknotes, are a type of negotiable currency created by a bank as a promissory note payable on demand. Originally, paper money was used as a promise to deliver coin based currency in an exchange of commerce. Over the years, the easy–to–carry paper currency simply became more popular than heavier coins and it cost less to produce.
At U.S. Coins & Jewelry We buy and sell a large selection of collectible US Currency from small size silver certificates to large size treasury notes, bank notes and even confederate currency. We also carry unique and obsolete currency, Republic of Texas currency, and high denomination notes such as $500 and $1000 Federal Reserve Notes. Whether you are buying or selling, we have expert appraisers on site. Our professionals and their expertise in the field of currency knowledge, allows us to provide buyers and sellers with the highest quality currency selling services. Plus, our experienced buyers have decades of experience with paper currency and banknote sales.
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Since the early settlers, currency has been an essential part of commerce. While precious metals like gold and silver were not widely mined, currency notes were the payment method used as an active currency. Early on, Continental Congress knew the importance of paper currency and the impact it would have on commerce and production. Through the decades and generations, different forms of currency were created out of necessity such as Confederate Currency (This is because Silver and Gold was being hoarded or depleted during the time of the Civil War). Fractional Currency and Large Size Currency became important post-Civil War simply because they offered financial resources when the country was rebuilding. As these rare currency notes became more important throughout time, each is shaped by an important historical event that adds to the already high value of these notes.
Even in modern times, Small Size Bank Notes and MPC’s were printed and played an important role in United States currency. At U.S. Cois and Jewelry, we carry a large selection of rare currency. Learn more about variations of rare currency by understanding the history of our rare U.S. currency below.
A silver certificate, like a gold certificate is a certificate of ownership that silver owners hold instead of storing the actual silver. Several countries have issued silver certificates, including Cuba, the Netherlands, and the United States.Historic Silver Certificates: Silver certificates were issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard. The certificates were initially redeemable for their face value in silver dollar coins and available in denominations of One, Five and Ten Dollars. Beside the historic collector value of these notes, there are several advantages to owning silver certificates. If you are interested in buying, selling or authenticating Silver Certificates, stop by our location or contact us by clicking here.
The United States issued green seal federal reserve notes for four different high denominations. These notes feature William McKinley ($500), Grover Cleveland ($1,000), James Madison ($5,000), and Salmon Chase ($10,000) as their portraits. Surprisingly, many $500 and $1,000 notes still exist. It is thought that there are over 150,000 $1,000 bills left unredeemed, and over 250,000 $500 bills are available to collectors. However, it is thought that there is less than 700 ultra-high denomination ($5K & $10K) notes left.$506,000 and $511,000 notes are extremely valuable, and if you have one, we encourage you to contact us. Even $1001 and $502,000 can have high values depending on their serial number and which district issued them.
The Republic of Texas first issued paper money in 1837. This currency was called “Star Money” for the small star on the face of the bill. The star money was not face value currency, but rather interest-bearing notes (similar to a treasury bill) that circulated by being endorsed over to the next payee. In 1838, Texas issued “change notes” with elaborate designs on the front and blank backs.
In 1839 Texas “Redbacks” was issued. The government printed over two million dollars in redbacks, which were initially worth about 37 cents to a U.S. dollar. The Redbacks were issued in the denominations of $5, $10, $20, $50, $100, and $500 bills.
If you have never actually seen an authentic Texas Redback, they are very ornate in their design and very collectible. It’s like touching a piece of early Texas History. But beware, these historic bills have been reproduced as a novelty item, and replicas are very common. If you are interested in buying, selling, or authenticating Republic of Texas Currency, U.S. Coins and Jewelry can help. We offer free appraisal services along with a full line of Authentic Texas Currency.
Confederate paper money is very collectible in today’s market, especially if the money is rare and/or in perfect condition. However, a lot of Confederate Money we see is actually reproductions or fake since it has been reproduced as a novelty item for over a century.
The Confederate States of America released their first issue of paper money when their provisional government was only two months old in April of 1861. The Civil War began that same month. The US Congress, on the brink of bankruptcy and pressed to finance the Civil War, authorized the United States Treasury to issue paper money for the first time that same year. The US notes were in the form of non-interest bearing Treasury Notes called Demand Notes.
The total amount of currency issued under the various acts of the Confederate Congress totaled $3.7 billion. Due to the scarcity of metal, however, the Confederacy never issued coins, instead of releasing seventy different paper note ‘types’ between 1861 and 1865. If you are interested in buying, selling, or authenticating your Confederate Currency, U.S. Coins and Jewelry can help. We offer free appraisal services along with a line of Authentic Confederate Currency.
During World War II The United States issued special currency for the island of Hawaii and for troops in North Africa. The Hawaii notes feature a brown seal and are overstamped with the word “HAWAII” on the front and back of the note.Hawaii notes, as they are generally called by collectors, were printed for the Hawaiian Islands for use during World War II. The idea was that if the money supply in Hawaii was taken over by the Japanese that the United States could devalue any money that said Hawaii on it. Today we have wonderful collectible currency associated with a popular state. Hawaii notes are still good today at face value. Most new collectors are attracted to Hawaii silver certificates and federal reserve notes because they are different but they fall into many collecting categories. If you are interested in buying, selling or authenticating WWII or Hawaii Notes, U.S. Coins and Jewelry can help. We offer free appraisal services, simply stop by our showroom or click here to contact us.Shinplaster was a common name for paper money of low denomination circulating widely in the frontier economies of the 19th century. These notes were in various places issued by banks, merchants, wealthy individuals and associations, either as banknotes, or circulating IOUs. They were often a variety of token intended to alleviate a shortage of small change in growing frontier regions. They were sometimes used in company shop economies or peonages in place of legal tender.
Error note collecting is very popular and often one of the initial types of notes that attract new collectors and outsiders to the numismatic hobby. These mistakes are aberrations of the production process. They fascinate the viewer and challenge the collector. Paper money errors possess enormous appeal to a wide spectrum of viewers and collectors. Most people already familiar with a “normal” note, marvel at the obvious deviation and frequently assume that such a piece must be worth a king’s ransom. Although error notes have always commanded a premium above a generic example of the same, errors are surprisingly affordable especially in light of their relative and absolute rarity. Also, any mistake released through normal banking channels is perfectly legal to own. If you are interested in buying or selling error notes, we offer free appraisal services, simply stop by our showroom or click here to contact us.
Obsolete paper money is a term that is used to describe any state issued bank note that is no longer redeemable at its face value. Every bank note printed before 1860 is considered to be obsolete. Any time you see paper money that has something like “State of” written on it, that is an obsolete bank note.
Obsolete paper money was only printed under the authority of the bank. It was never backed by precious metals or by the government. So when ever the bank went out of business then all the paper money it issued instantly became worthless. Obsolete money is valued the same way any other paper money is valued. It is all about condition and rarity.
If you are interested in buying, selling or authenticating Obsolete Paper Money, U.S. Coins and Jewelry can help. We offer free appraisal services and we also carry a collection of obsolete paper money.
How the Republic of Texas began its Paper Money Career… Texas’ roots have a rich and fascinating history that has...
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As with many idioms or slang terms, the exact beginning of a word is difficult to pinpoint with one...
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