Results for “panic of 1837 era”
United States 1838 Olney Alabama uncut remainder sheet with 25 cents, 50 cents, and 1 dollar notes printed by Manly and Orr, deckled bottom margin, PCGS Banknote Very Fine 25

United States 1838 - Olney, Alabama 25 Cents, 50 Cents, 1 Dollar Uncut Sheet Remainder

Each note bears a promise to pay George Washington or bearer in bills of the Bank of the State of Alabama, or its branches, once the aggregate amount of five dollars was presented. This conditional redemption structure reflects the widespread use of fractional and small denomination scrip during the late 1830s, when shortages of hard money and economic instability following the Panic of 1837 forced communities to rely on paper substitutes for everyday transactions. Read more →

United StatesRemainder183825 Cents, 50 Cents, 1 DollarPCGS Banknote Very Fine 25 RemainderUncut Sheet25 Cents50 Cents1 DollarFractional CurrencyStock EngravingManly and OrrDeckled EdgeAntebellum CurrencyPanic of 1837 EraLocal ScripUnofficial IssuerAlabama Monetary HistoryEarly American PrintingUnited StatesAlabamaOlney1838Gunther and Derby AO-386PCGS 25Museum GradeR8 Extremely Rare
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