1850s Rhode Island Paper Obsolete Currency Note G-VG

Stashed In A Basement For 165 Years!

These obsolete Rhode Island Bank Notes—which pre-date the Civil War by five years—are from a hoard discovered in the basement of the State House of Rhode Island where they had been tucked away for more than 165 years! Issued from 1854 to 1856, each note is hand-signed by a cashier and the President of the Bank of the Republic in Providence, Rhode Island.

History In Your Hands: The Notes Of A Failed Bank

The short-lived Bank the Republic issued large numbers of small denomination notes that circulated both within and outside Rhode Island—in fact, too many for its own good! The plethora of notes caused the bank to fail within just a few years after it was incorporated. By 1857 the bank was in receivership and authorities auctioned off a collection of the failed financial institution's loans. Local newspapers at the time reported that receivers were paying 80 cents on the dollar for redeemed banknotes.

Order Now, Quantities Are Limited

No one know exactly how this hoard was assembled. Was it a fired employee who grabbed a stash of these notes hoping for a future pay-off? Could it have been a receiver who had purchased a passel of notes and squirreled them away only to have passed away before he revealed their location to anyone? Who knows, but now these obsolete notes are worth many times more than their face value. Here you can secure one of these notes ranging from a $1 note with George Washington and an eagle, a $2 note featuring two women flanked by an anchor with a woman holding a shield, and a $3 note featuring a steamship. Notes will vary and each comes in Good to Very Good (G-VG) condition. Our supply is VERY LIMITED, so order now!