Hagerstown Bank, Ten Dollar Note (Unsigned)

Date: c. 1850 - 1870
Hagerstown, Maryland, USA

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Item Description:

Includes an archival grade document sleeve.

  • Origin: Hagerstown, Maryland, United States
  • Authority: Hagerstown Bank (this note was never signed or dated, meaning that it was not issued as currency)
  • Date: c. 1850 - 1870
  • Denomination: 10 dollars
  • Size: 7 x 3 inches
  • Face Side: THE PRESIDENT DIRECTORS AND COMPANY OF THE HAGERSTOWN BANK Will pay TEN DOLLARS on demand to bearer. 18__ HAGERSTOWN M.ᴰ - Three cherubs carrying grapes and wheat, center, helmeted female head left, and standing female allegorical figure right
  • Back Side: Blank (uniface)
  • Notes: This is an example of obsolete paper money—a type of currency issued by thousands of American banks, companies, states, and other entites before the federal government began printing money during the Civil War. These notes were issued solely under the authority of the banks that printed them and lacked backing from precious metals or government guarantees. Commonly, such notes include phrases like "State of" or the name of a specific bank. If a bank that issued these notes failed, its notes quickly became worthless. Much of the imagery on these notes was essentially the 19th century version of clip art or stock photos—often, they were simply premade engravings that the printing company had on hand.

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