According to Haxby, US obsolete paper money can include any the many kinds of paper money that is no longer current. It includes colonial issues prior to the Revolutionary War, various state, county, and local government and private bank notes, merchant scrip, and issues of the Civil War. Specifically excluded are various issues of the federal government. The term "broken bank note" is sometimes used, but it is a misnomer, since much obsolete paper money was neither issued by a bank much less by one that went bust.
For the purposes of this document, obsolete notes exclude the various colonial issues. Included are all the other public and private paper issued prior to the National Currency legislation of 1863-65, which ended the obsolete paper money era.
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Last Updated: May 25, 1997