1863 $1 River Raisin and Lake Erie Railroad Obsolete Currency Note Circulated

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341100
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1863 Railroad Company Obsolete Note

Prior to the Civil War and Abraham Lincoln’s Presidency, there was no federally issued currency in the United States. Instead, banks were allowed to print and issue their own notes! These notes were later taxed out of existence, becoming labeled “obsolete” in the 1880s. Finding these notes now can be quite a challenge today because typically when they were redeemed, they were destroyed upon closure of the issuing authority. The survival of these notes is rare in banking history, making them that much more of a prize for collectors who eagerly seek out their beautiful vignettes. For example, this 1863 note from the River Raisin and Lake Erie Railroad Company in Michigan displays a beautiful scene of a train passing by a serene lakeshore. Each piece features hand-written signatures, dates and serial numbers. We have only 25 available, and with the scarcity of Obsolete Notes there’s little chance of us finding more. Secure yours now!

  • POPULAR OBSOLETE BANK NOTE – Prior to the Civil War, there was no national currency in the United States! Instead, individual banks issued their own paper currency These notes were later taxed out of existence, becoming labeled “obsolete” in the 1880s.
  • CIVIL WAR ERA CURRENCY – This 1863 One Dollar Note was issued by River Raisin and Lake Erie Railroad Company between July and August of 1863, not long after the battle of Gettysburg.
  • SCARCE AND HARD TO FIND – Typically, redeemed notes like these were destroyed upon closure of the issuing authority. The survival of these notes is rare in banking history.
  • CIRCULATED CONDITION – Your 1863 $1 Obsolete Railroad Note comes in nicely-graded Circulated condition and features actual hand-written signatures, dates and serial numbers.

These popular notes are fascinating pieces of America’s Civil War-era history. Order yours now to avoid disappointment later!  

Year of Issue 1863
Country United States
Composition Paper
Condition Circulated
Denomination 1.00
Currency Type Dollar
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