Bank of Michigan, Marshall, One Dollar Note (Unsigned) - c. 1860s - Marshall, Michigan, USA

Includes an archival grade document sleeve. Origin: Marshall, Michigan, United States Authority: Bank of Michigan (this note was never signed or dated, meaning that it was not issued as currency) Date: c. 1860s Denomination: 1 dollar Size: 7 x 3 inches Face Side: The Bank of Michigan Will pay ONE DOLLAR to bearer on demand MARSHALL ___ 18__ - Female bust in bottom left, children with cows in center, dog in bottom 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 i