1861 Monticello Bank 2 Dollar Obsolete Note - Charlottesville Virginia Obsolete - May 1st Issue Date - 1861 Monticello Two Dollar Note

This listing is for one Authentic 1861 Monticello Bank 2 Dollar Virginia Obsolete banknote. Issued in Charlottesville, Virginia on May 1st, 1861. This note differs from other similar issues from the bank, as this one does not include a red "2" under printed in the left center. Vignette of an allegorical figure representing justice on the left end of the note. Vignette of a sailing ship is displayed at the right center. Beautiful artwork, excellent condition. Great note for any collection!

Obsolete bank notes are also called "broken bank notes." In the days prior to the Federal Reserve, any bank could produce currency for use by the clients and members of the community. Unfortunately, not many safeguards were taken to ensure that banks stood behind the currency they were producing and circulating. Banks, more often than not, failed and their currency was rendered worthless. As a result, most bank notes of the period did not trade at their full retail value. Oftentimes notes were worth 50 cents on the dollar because the public expected the banks to fail.

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1861 Monticello Bank 2 Dollar Obsolete Note - Charlottesville Virginia Obsolete - May 1st Issue Date - 1861 Monticello Two Dollar Note