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New Jersey 18? $50 Dollar Note

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ammobill10's Avatar
United States
22 Posts
 Posted 08/17/2015  10:38 pm Show Profile   Bookmark this topic Add ammobill10 to your friends list Get a Link to this Message Number of Subscribers
I received this today and I was wondering what it is. I am thinking it is probibly a reproduction of some sort.

New-Jersey-18?--$50-Dollar-Note
New Member
ammobill10's Avatar
United States
22 Posts
 Posted 08/18/2015  7:53 pm  Show Profile   Bookmark this reply Add ammobill10 to your friends list Get a Link to this Reply
After a short google search I found out that the note is obsolete currency. Is how would these be issued without serial numbers or dates? I am curious if you guys have any futher info.
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 08/18/2015  8:20 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
It appears genuine to me. This is what is called a remainder note. It was printed for issuance by the Bank in question, but was never actually issued hence why there is no serial number, date, or signatures. A Sussex Bank $50 example in high AU or low uncirculated condition is worth about $30. An uncirculated example grading at 64 or 65 would go for about $50 or $60. Anything grading higher seems quite rare and would be worth more. I haven't seen any sold that were actually issued, its possible that the bank went bankrupt before actually issuing any of the notes or decided to cancel the issuance of the series.
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ammobill10's Avatar
United States
22 Posts
 Posted 08/18/2015  11:15 pm  Show Profile   Bookmark this reply Add ammobill10 to your friends list Get a Link to this Reply
Great information. Thanks!
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