Hagerstown Bank, Five Dollar Note (Unsigned) - c. 1850 to 1870 - Hagerstown, Maryland, USA
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: 5 dollars Size: 7 x 3 inches Face Side: THE PRESIDENT DIRECTORS AND COMPANY OF THE HAGERSTOWN BANK Will pay FIVE DOLLARS on demand to bearer. 18__ HAGERSTOWN M.ᴰ - Two female figures carrying agricultural products and tools. 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 quick