The Somerset and Worcester Savings Bank, Maryland, One Dollar - 1862 - Salisbury, Maryland, USA

Includes an archival grade document sleeve. Origin: Salisbury, Maryland, United States Authority: The Somerset and Worcester Savings Bank Date: 1862 Denomination: 1 dollar Size: 7 x 3 inches Face Side: THE SOMERSET AND WORCESTER SAVINGS BANK Will pay THREE DOLLARS to bearer on demand. Salisbury, Nov.ʳ 1,ˢᵗ 1862 - Agricultural scenes 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 phot