This 1863 $3 obsolete note, part of the Wendell Wolka Collection of Ohio obsolete notes, was issued by the State bank of Ohio, Wayne county Branch, in Wooster.
The Wendell Wolka Collection of Ohio obsolete notes will be offered by Heritage Auctions during its auction held in conjunction with the April 23 to 26 Central States Numismatic Society’s convention in Schaumburg, Ill.
A selection of 403 Ohio obsolete notes from Wolka’s collection will be offered during the April 23 session of the auction, which will be held at the Renaissance Schaumburg Convention Center.
Wolka, of Indiana, is a well-known writer, researcher, and speaker on the subject of paper money.
He has been collecting for more than 50 years and writes the monthly Coin World column “Collecting Paper.”
Wolka spent nearly a decade acquiring the Ohio obsolete notes, and drew from the collection when writing his 2004 book, A History of Nineteenth Century Ohio: Obsolete Bank Notes and Scrip.
The book is one of a series of books about obsolete bank notes and scrip published by the Society of Paper Money Collectors.
The 2.5-inch-thick, hardcover volume contains nearly 1,100 pages, has more than 900 illustrations, and lists nearly 7,000 different notes and scrip pieces from almost 1,100 different issuers located in 315 different cities, towns and villages in Ohio.
Note and scrip issuers have included banks, various mercantile businesses, sutlers, railroads, local communities and other commercial and governmental entities.
While the types of issuers varied, obsolete notes as a broad class are sometimes referred to as “broken bank notes” because many, though not all, of the issuing banks eventually failed or “went broke.”