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1 Dollar - Merchants Bank New York City, New York
| Issuer | Merchants Bank in the City of New York |
|---|---|
| Year | |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Dollar (1785-date) |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ONE Merchants Bank in the City of New York |
| Reverse description | Blank verso; the intaglio impression of the obverse design is visible in reverse through the antiqued paper stock, consistent with a single-sided replica reproduction. |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
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| Comments |
The Merchants Bank in the City of New York was chartered in 1803, making it one of the earlier commercial banking institutions established in Manhattan after the Federalist-era wave of bank incorporations. Private banknote issuance by individual chartered state banks was the norm in the United States until the National Banking Acts of 1863–64 effectively taxed such notes out of existence, so this note exists within a system where hundreds of competing bank issues circulated simultaneously, often at a discount depending on the issuer's perceived solvency.
The "antiqued" paper composition noted in this lot suggests a souvenir or novelty reproduction rather than a genuine circulating note — a common item sold to collectors and tourists throughout the twentieth century.