Bank of Morgan, Five Dollar Note - 1857 - Morgan, Georgia, USA

Includes an archival grade document sleeve. Origin: Morgan, Georgia, USA Authority: Bank of Morgan Date: 1857 Denomination: 5 Dollars Mint: Baldwin, Bald & Cousland, New York City Size: Approximately 7 x 3 inches Face Side: Horses galloping in top left, vignette of a woman in bottom right. Back Side: Blank. 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 th