1850's $5 Remainder - New York, New York - Proof

Year 1850's
Denomination $5.00
Series Remainder
Grade PMG 58 Exceptional Paper Quality
Comments Exceptional Paper Quality
PMG # 1996790-006
PMC Category Gold
Estimated Value $900.00
Description

Extremely Rare - 8 known! "Remainder paper notes" refers to unissued or "obsolete" paper money, often called "remainder notes" in numismatic circles. These are banknotes that were printed but never released into circulation for various reasons, such as the failure of the issuing bank or a change in policy. Unlike "issued" notes, which are part of the currency in circulation, remainder notes remained unissued. Because they were never circulated, remainder notes are often found in better condition than their issued counterparts.

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