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1 Dollar Bank of the Valley in Virginia
| Issuer | Bank of the Valley in Virginia |
|---|---|
| Year | 1840 |
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| Value | Log in to see details |
| Currency | Dollar (1785-date) |
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| Obverse description | Intaglio-printed note engraved by Danforth, Underwood & Co. of New York, with an upper central vignette of two allegorical female figures — Justice with scales and Liberty with a staff — flanking a shield inscribed VIRGINIA, surmounted by an eagle. Two oval medallions at upper left and right each bear a helmeted portrait with the denomination ONE, while ornate scrollwork cartouches at the four corners contain additional portrait vignettes. The bank title THE BANK OF THE VALLEY IN VIRGINIA runs in bold letterpress across the centre, with WINCHESTER at upper left and a repeating ONE border along the top and bottom edges. |
|---|---|
| Obverse lettering | ONE WINCHESTER ONE VIRGINIA ONE THE BANK OF THE VALLEY IN VIRGINIA Promises to pay to the bearer on demand at its Banking House in____ ONE DOLLAR. ACCORDING TO ACT OF ASSEMBLY |
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| Comments |
The Bank of the Valley in Virginia was chartered in 1817 and operated primarily out of Winchester, serving the Shenandoah Valley agricultural economy. Danforth, Underwood & Co. — active in New York through the late 1830s and early 1840s before merging into the American Bank Note Company lineage — produced work for dozens of state-chartered banks during this period, and their plates were frequently shared or adapted across multiple institutions.
The Haxby G4 designation confirms this as a genuine-issue type rather than a remainder or altered note, a distinction that matters for this bank: altered notes from defunct Southern institutions were rampant in circulation by the 1840s, and Valley notes were not immune to counterfeiters working the Winchester-to-Baltimore trade routes.