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10 Cents Augusta Insurance and Banking Co. - Georgia
| Issuer | Augusta Insurance and Banking Co. |
|---|---|
| Year | 1862 |
| Type | Local banknote |
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| Composition | Log in to see details |
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| Obverse description | A central vignette of a bull or cow appears at top center, flanked by the numeral 10 at upper left and a red overprinted 10 at upper right. The note is printed in black letterpress on plain paper with text arranged across the face in a straightforward typeset layout typical of Civil War-era Southern scrip. |
|---|---|
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| Reverse lettering | DOLLARS TEN DOLLARS |
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| Comments |
Augusta Insurance and Banking Co. was one of dozens of Southern institutions that pivoted to currency issuance after Confederate fiscal policy collapsed reliable note supply in the early war years. The 1862 date places this squarely in the period when Georgia municipalities, railroads, and private companies flooded circulation with fractional shinplasters — small-denomination scrip filling the vacuum left by hoarded coins.
Ten-cent denominations from Georgia private issuers of this vintage survive in genuinely small numbers. Most circulated hard and were redeemed or simply worn out; institutional redemption after the war was, of course, nonexistent.