1807 Hillsborough Bank 5 Dollar Banknote - New Hampshire Obsolete - Early American Banknote - 1807 Five Dollars Obsolete Note Amherst NH

This listing is for the photographed 1807 5 Dollars Obsolete Banknote Issued by the Hillsborough Bank of Amherst NH. Issued November 2nd, 1807. The note reads “The President, Directors, & Company of the Hillsborough Bank promise to pay [J. Crane] or bearer on demand, Five Dollars, Amherst, Nov 2, 1807.” The note is signed by the bank’s cashier, Dave Holmes, and the bank’s president, Samuel Bell. This note is in great condition, making it a wonderful addition to any collection! This note is 218 years old this year! The Hillsborough Bank was founded on June 18, 1806, and capitalized with 50,000 dollars. The notes were printed using Jacob Perkins’s “Permanent Stereotype Steel Plate” that prevented forgery. The bank only lasted three years, as it extended its currency beyond its reserves, and the Embargo Act of 1807 stymied New England’s trade. When note holders came to collect their specie, the bank could not fulfill its obligations and was forced to shut down. From 1790 to 1863, stat