This lot is closed. Bidding ended on 12/31/2005.
The National Currency acts of 1863 through 1865 dictated that the State Banks could no longer issue their own currency; thereafter they could either close or request a charter as a "National Bank" and begin to issue "National Currency." A failed or closed bank was nicknamed "Broken Bank," giving rise to the "Broken Bank Note" reference to Obsolete State Bank currency. These blank-backed $50 and $100 notes date to the early 1860s and were issued by The Traders Bank Of The City Of Richmond, Virginia. They grade Uncirculated.