In the late 1780's, there became a need for currency that would circulate freely. Private banks were formed that issued their own currency, additionally major institutions like railroads, navigation companies, and private merchants also issued currency. This system, which had a high degree of counterfeiting, existed up until 1862 when the government taxed it out of existence. This is the field where America's most beautiful notes exist!
It's finally here! This is a must have for every collector, dealer, and/or historian. The complete revised and updated edition of the definite standard reference book. It includes over 800 photos and a directory of Paper Money Dealers.
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