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1 Dollar Central Bank of Virginia
| Issuer | Central Bank of Virginia |
|---|---|
| Year | 1862 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | No_____ Staunton, July 4th, 1862 The Central Bank of Virginia WILL PAY TO BEARER ONE DOLLAR _________Cas. __________Prest. |
| Reverse description | The reverse is the printed face of an unissued sheet containing Central Bank of Virginia $10 and $20 notes produced by the American Bank Note Company. The $10 portion bears a steam locomotive vignette at centre with the denomination repeated in a micro-text lathe-work underprint band, while the $20 portion carries a pastoral vignette of a seated female figure with cattle and a large guilloche counter bearing the numeral 20 in red and black, with serial number visible in blue. |
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| Comments |
The Central Bank of Virginia was a Richmond-chartered institution that issued notes under the authority of the Commonwealth during the Civil War, when Virginia's banking system fractured badly between state-chartered banks, the Confederate treasury, and competing local scrip. This note was printed by the American Bank Note Company in New York — a Union city — from plates almost certainly engraved before secession, when ABNCo held contracts with dozens of Southern banks and had no reason to anticipate the political rupture that would make delivering those finished notes an act of extraordinary logistical difficulty.
By 1862, ABNCo was technically enemy territory for Virginia's issuers. How finished stock moved south, and when, remains a matter of incomplete documentation for most Virginia bank series.