Rhode Island, East Greenwich $10 1855 PMG 12 Fine Pick# RI100G52b

Description: Rhode Island, East Greenwich $10 1855 PMG 12 Fine Pick# RI100G52b Rare - Only 2 Examples Graded Higher by PMGPresenting a rare $10 banknote from East Greenwich, Rhode Island, issued in 1855. Graded by PMG as Fine 12 (F), this note is one of the few surviving examples of Rhode Island's pre-Civil War currency, with only 2 examples graded higherby PMG. Its rarity and historical significance make it an invaluable piece for collectors focused on U.S. Obsolete Currency and Rhode Island’s financial history.The design of this $10 note is a testament to the craftsmanship of the mid-19th century, featuring classical imagery and elaborate engravings that reflect the values of commerce, growth, and prosperity. Issued by a local East Greenwich bank, this note captures the essence of a time when local financial institutions were the backbone of the community’s economy, providing currency that facilitated trade and everyday transactions.Historical Background of East Greenwich BankingEast Greenwich, Rhode Island, was a bustling community in the mid-19th century, with local banks playing a crucial role in supporting the local economy. During the 1850s, Rhode Island banks issued their own notes to provide much-needed liquidity for businesses and individuals, at a time when there was no standardized national currency. The issuance of this $10 note helped sustain economic activity and reflects the independent financial practices prevalent in Rhode Island before the establishment of the National Banking Act.These local banknotes were critical in fostering commerce and ensuring that the local economy had sufficient means to prosper. With the introduction of a unified national currency system, most state-chartered banks ceased to issue their own notes, making surviving examples like this $10 note from East Greenwich rare relics of a bygone financial era. This banknote is not only a piece of monetary history but also a representation of Rhode Island's growth during a transformative period in American history.Key Features: Issuer: Local Bank, East Greenwich, Rhode Island Denomination: $10 Time Period: 1855, pre-National Banking era Grade: PMG 12 Fine (F) Catalog Reference: Pick# RI100G52b Scarcity: Only 2 examples graded higher by PMG Collectibility: High due to historical value, scarcity, and regional significanceInvestment Potential of Obsolete BanknotesObsolete banknotes, such as this $10 note from East Greenwich, represent a unique blend of history and investment potential. As one of the few remaining examples, with only 2 graded higher by PMG, this note stands out as a key addition for collectors and investors. The market for obsolete currency has been on the rise, driven by a growing appreciation for the historical narratives these notes embody and the limited number of surviving pieces.This $10 note is well-positioned to appreciate in value due to its rarity, grade, and historical context. For collectors looking to diversify their portfolios with tangible assets that tell a story, obsolete banknotes like this represent both an investment in history and a potential for significant value appreciation. The craftsmanship, scarcity, and connection to Rhode Island’s past make this note an outstanding collectible for the serious numismatist.Buy It Now to add this rare and historically significant banknote to your collection today!Journey Into Obsolete Banknotes: A Collector's Tale and Investment Opportunity Welcome to the fascinating world of Obsolete US Banknotes, a captivating area of American financial history that beckons both seasoned investors and passionate collectors alike. These unique banknotes, often referred to as Obsolete Bank Notes or Broken Bank Notes, were issued between the early 1800s and 1866 by private banks, state-chartered institutions, and local authorities across a diverse set of states, from: Alabama, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Wisconsin. This era of localized currency marks an unforgettable chapter in the history of America's development, embodying the entrepreneurial spirit, economic dreams, and occasional pitfalls of a rapidly expanding nation. The Appeal to Collectors and Investors The allure of obsolete banknotes lies not only in their scarcity but also in their extraordinary artistic designs, which reflect the values, occupations, and aspirations of early America. Many of these banknotes depict stunning vignettes of agricultural life, steamships, Native American scenes, and classical allegory. The stories behind each issue—of banks that thrived, those that failed, and those that vanished without a trace—are part of what makes these notes truly compelling for collectors. As a result, obsolete banknotes from states like Michigan, Kentucky, Indiana, and Arkansas have steadily gained value over time, attracting both enthusiasts and those interested in alternative investment vehicles. The collector-investor crossover is an exciting dimension of obsolete currency. When you acquire an obsolete banknote, you're not just buying a piece of paper—you're acquiring a slice of Americana, a relic from a time when trust in local banks was paramount. These unique banknotes offer not only historical insight but also the potential for significant appreciation. Recent auction sales have demonstrated this promise: a scarce Obsolete Louisiana $5 banknote from the early 1850s recently fetched over $18,000 at a major auction, while a rare Ohio private bank issue achieved a record of $22,500. It’s the thrill of finding these hidden gems that draws collectors and investors alike into this world of forgotten currencies. The Collector's Story: An Unexpected Find Consider the story of one determined collector: visiting a small-town estate sale in Vermont, he stumbled upon a seemingly inconspicuous banknote issued by the Northwestern Bank of Virginia in 1861. Listed for just $75, the note bore the hallmarks of a rare issue, thanks to its low serial number and crisp condition. Trusting his gut, he purchased the note, only to find months later—after it was authenticated and graded—that its market value exceeded $7,500! This kind of success story is not uncommon for those who delve into obsolete banknotes with a discerning eye and a bit of courage. Why PMG Graded Obsolete Banknotes Are a Wise Choice When purchasing obsolete banknotes, it is important to prioritize quality and authenticity. That’s where PMG (Paper Money Guaranty) grading becomes a significant asset. PMG-graded banknotes ensure that the notes have been authenticated, accurately graded, and preserved for the long term. Obsolete notes often face challenges like counterfeiting and degradation over time; by buying PMG-certified notes, collectors and investors can be confident they are getting precisely what is advertised. Additionally, graded banknotes consistently outperform ungraded ones at auction, as they have verifiable condition and authenticity—a key factor that drives higher value and ensures a trustworthy investment. Investing in PMG graded Obsolete Banknotes provides peace of mind, ensures quality, and opens the door to both passionate collecting and profitable reselling. Each graded note tells its own story, a narrative woven into the very fabric of America's development from a patchwork of state-issued money into a unified national system. Collectors can take pride in safeguarding these forgotten currencies, while investors recognize the unique opportunity to diversify their portfolios with historically significant and highly collectible items. _____________________________________________________________________________________________ What Makes Bloc Galleries Special? At Bloc Galleries, we don’t just sell collectibles – we live them. What makes us different? It’s our passion, our people, and our relentless commitment to making your collecting experience not just good but great. Here’s what sets us apart: Our Money-Back Guarantee We offer 100% seller paid returns, our money-back guarantee is simple, if the item isn’t quite what you expected, you can return it for any reason. We’re here to make sure your collecting experience is fun, exciting, and, above all, satisfying. You’re not just buying from us – you’re embarking on a collecting adventure with us by your side. At Bloc Galleries, we’re committed to offering the finest collectibles, backed by a team that’s always ready to make sure your experience is nothing short of outstanding. We know that when it comes to collectibles, photos and descriptions might not always match your exact expectations. We handle tens of thousands of items each year, and sometimes mistakes happen. If we ever mix up a listing or a photo, we’ll go the extra mile to make it right – even if it means offering a better grade or condition at the same or lower price. We’re all about turning those occasional hiccups into win-win moments for you. Not completely satisfied? You’ll get a full refund, including return shipping, on us. Just let us know (via eBay, phone, or text) before leaving feedback – we’re here to make things right. Our Team At Bloc Galleries, we believe that extraordinary things are only achieved by extraordinary people. We’re not just employees – we’re collectors, just like you. Each banknote, artifact, or treasure has a story, and we’re as invested in discovering and sharing these stories as you are. We pour in not just hours but heart, energy, and dedication. Sure, we’re human, and sometimes we stumble, but our commitment to always do right by you never falters. We’re not just here to sell – we’re here to join you on this exciting collecting journey. And if we ever mess up? We make it right – even if it costs us, because we’re in this for the long haul. Vast Acquisitions, Unbeatable Pricing Every quarter, we acquire tens of thousands of banknotes, leveraging our global network to source inventory you won’t find anywhere else. By buying in bulk, we’re able to pass on deep savings to you. Quality notes, below market prices – that’s just how we roll. The Thrill of Discovery We’re not about overly cataloging and pre-screening every item. Instead, our streamlined team focuses on curating auction lots with a sense of adventure. Our unsearched, high-grade currency lots are brimming with hidden gems, and our customers are continually amazed at the incredible finds they’ve snagged. Every bid is an opportunity to unearth something truly special. Customer-Friendly Bidding Our auctions kick off with low opening bids and no reserve pricing, making the experience transparent, exciting, and accessible for all. Whether you’re bidding on one item or twenty, we’ve got you covered with our flat shipping rate. Simplified Shipping, Maximum Value Shipping? We keep it simple. For just $6.50, for purchases made the same day (24 Hours) we’ll ship your treasure trove safely to your door. And yes, that flat rate covers combined shipping, whether you win one item or 25. We’ve got your back. Shipping & Handling We take shipping seriously. Our team carefully packages and ships items twice weekly, ensuring your orders arrive safely and promptly. Based in the heart of the U.S. (Fargo, ND), we typically see short delivery times, and for orders over $200, we include tracking for extra peace of mind. •Flat Rate Shipping: $6.50 for all domestic orders, including combined shipping on multiple items.•International Orders: We primarily use eBay’s Global Shipping Program, with an average rate of about $14 for international shipments. If costs are significantly higher, we’ll reach out to you. Note that international returns are not accepted, and customs regulations may apply. International Purchases For our international customers, we typically use eBay’s Global Shipping Program, which provides reliable shipping at a reasonable cost (around $14 on average). However, if the rate is higher, we’ll let you know. Combined orders will receive a custom shipping quote, but please note we do not offer free shipping on international orders. Make sure to check your country’s customs and regulations as international returns are not accepted. Payment & Cancellations We totally get that life happens. If you need extra time, no worries – just let us know! However, all unpaid orders will be automatically canceled after 5 days. Keep in touch if you need assistance, and we’ll work with you. Why Bloc Galleries? It’s simple. We’re passionate about what we do, and we want to make sure you are, too. Our auctions are more than just sales – they’re an adventure. Join us every week for your chance to discover new treasures and experience a team that’s here to make your collecting journey fun, exciting, and stress-free. Bloc Galleries – where discovery meets passion, and your satisfaction is our mission. ____________________________________________________________________________________________

Price: 398.95 USD

Location: Fargo, North Dakota

End Time: 2025-02-05T22:48:45.000Z

Shipping Cost: 0 USD