5 Dollars

The Treasury of Liberia's paper currency issues of this period occupy a peculiar corner of West African monetary history. Liberia had been using U.S. coin as its de facto circulating medium for decades, and these treasury notes were an attempt to assert a functioning domestic currency — one that never really took hold. Public confidence was low, redemption in specie was unreliable, and most notes returned to the treasury quickly or simply disappeared from circulation without formal cancellation.

Pick 15 is genuinely rare. The five-dollar denomination sits at the top of this short-lived series, and surviving examples in any condition are seldom encountered at auction.