This listing is for one Authentic 1860 Monticello Bank $10.00 Paper Note; an obsolete currency from Charlottesville Virginia. Very few of these notes are known to exist; in fact, we could not find a single example of this same denomination for sale, anywhere. The condition of this note is stunning, with only one fold visible horizontally on the reverse, and clean, intact edges. The note is authentic as is, meaning that it has not been repaired or modified in any way.
September 1st, 1860, American Bank Note Company, series A, signed Massie as President, Flannagan as cashier.
Monticello Bank, Charlottesville, Virginia. Lovely art including Monticello, (with two men in top hats near the entrance,) a portrait of Jefferson, and a beautiful young woman is identified as a Miss Blackey, "the most handsome woman in Virginia".
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.
Authentic 1860 Monticello Bank 10 Dollar Paper Banknote - Very Rare and in VF (Very Fine) Condition - Rare US Paper Currency - Beautiful Art