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1 Dollar Corporation of Richmond

Issuer Corporation of Richmond
Year 1861
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Value 1 Dollar
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Obverse description The obverse carries the bold letterpress heading RICHMOND CORPORATION OF RICHMOND at upper right, flanked by two circular vignettes incorporating a large numeral 1 and the legend ONE at upper left and upper right respectively. A third central medallion bears a Spanish colonial eight-real coin design with the inscription HISPAN ET IND REX · ME 8R J · P ·. The body of the note is occupied by the printed promise-to-pay text in script, reading 'Promise to pay to the Bearer in pursuance of ordinance passed this day One Dollar,' with manuscript signatures of the Chamberlain and President below, and the receivability clause RECEIVABLE FOR CITY TAXES printed at foot.
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Reverse description The reverse is plain and unprinted, left blank as issued, consistent with the emergency scrip production practice of the Corporation of Richmond during the Civil War period.
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Comments

Richmond's municipal government issued its own fractional notes in 1861 because the Confederacy's monetary apparatus was not yet functioning and coin had vanished from circulation almost immediately after secession. Cities across the South improvised similarly, but Richmond's position as the newly declared Confederate capital gave its scrip an unusually charged political moment — these notes circulated in the same streets where the Confederate Congress was assembling.

Locally printed, which shows. Production quality varied considerably across the series, and misaligned impressions are common enough to be expected rather than remarkable.

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