South Carolina, Bank of the State of SC, $5, 1861

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South Carolina, Charleston, Bank of the State of South Carolina, $5, Jan 21, 1861, Haxby: SC-45-G48d, Sheheen 571, Rawdon, Wright, Hatch & Edson imprint at bottom, tiny lettering below center vignette reads "Painted by John R. White Gen. Marion inviting a British Officer to dinner." aka "Sweet Potato Dinner", General Moultrie at left, General Green at lower right, beautifully engraved historical vignettes relating to the Revolutionary War, two circular hammer cancellations, nice fine to very fine. From the recently dispersed holdings of the South Carolina state archives. The rubber stamped message found on the backs of these notes reads "Dabney, Morgan & Co. vs. The Pres't & Dir's of the Bank of the State of SO. CA. Proved C.H. Simonton, Referee." These notes were saved from destruction as the result of lawsuits against the banks which continued for years after the end of the Civil War and repudiation of all Southern debt. Because these notes were guaranteed by the State of South Carolina by bank charter, they had better legal claims and chances for redemption than Confederate or other Southern notes. These notes were widely accepted at full face value during the War and continued to retain some speculative value even after all other Southern notes were declared worthless. This item starts at 99 cents and sells with no minimum, read more

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