The New Orleans Canal & Banking Co, Twenty Dollar Note (Unsigned) - 1831 to 1895 - New Orleans, Louisiana, USA

The New Orleans Canal & Banking Co, Twenty Dollar Note (Unsigned) - 1831 to 1895 - New Orleans, Louisiana, USA

$79.99
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Includes an archival grade document sleeve. Origin: New Orleans, Louisiana, United States Authority: The New Orleans Canal & Banking Co (this note was never signed or dated, meaning that it was not issued as currency) Date: 1831 - 1895 Denomination: 20 dollars Size: 7 x 3 inches Face Side: CANAL BANK The New Orleans Canal & Banking Company Will pay TWENTY DOLLARS to the bearer on demand. NEW ORLEANS - Three engravings of portraits and allegorical figures Back Side: Denomination in red ink Notes: This is an example of obsolete paper money—a type of currency issued by thousands of American banks, companies, states, and other entites before the federal government began printing money during the Civil War. These notes were issued solely under the authority of the banks that printed them and lacked backing from precious metals or government guarantees. Commonly, such notes include phrases like "State of" or the name of a specific bank. If a bank that issued these notes faile

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