The pleasures of collecting obsolete notes may well be summed up in
one such note sold for less than $100.
The never-issued uniface $1 remainder note was printed for the West
River Bank in Jamaica, Vt.
It sold in an Internet auction by Heritage Auctions on July 8, 2014,
for $82. The note was graded Choice About Uncirculated 58 Exceptional
Paper Quality by Paper Money Guaranty.
A remainder note is an unissued note left over after its issuer
stopped issuing the pieces. But that fact cannot veil the beauty of
In fact, among the pleasures of collecting obsolete notes is the
variety of designs that can be found on these little artistic gems.
Front and center is a winged cherub appearing to carry an 1854
Seated Liberty silver dollar, positioned in front of a scene of a
harbor, railroad train and buildings.
Three allegorical female figures decorate the corners of the note,
each with symbols that convey messages to the viewer eager to discern them.
In the upper left corner stands a helmeted figure holding a shield
in her right hand and a spear in her left hand. She may well be the
Roman goddess Minerva, who represents wisdom and a warrior.
Another figure holds a sword in her right hand and a set of scales
in her left. She may have been based on the Roman goddess Justitia,
representing justice, though Justitia is most often shown wearing a crown.
A seated figure holding a stylized numeral 1 in her arms appears in
the lower right corner, with bundles of wheat, some grapes and
possible a squash surrounding her.
These richly ornamented designs were not only pleasing to the eye
but had a serious side as they served as security devices. In
addition, the red overprinted world ONE above and to the right of the
underprinting of the same word, might have given a counterfeiter some pause.
And all this for just under $100. For more information about notes
like this, visit www.HA.com or call the auction firm toll-free at 800-872-6467.