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10 Cents City of Richmond
| Issuer | City of Richmond, Virginia |
|---|---|
| Year | 1862 |
| Type | Log in to see details |
| Value | 10 Cents (0.10) |
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| Composition | Log in to see details |
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| Obverse description | Plain typeset note on unadorned paper stock, with a narrow ornamental guilloche border panel running vertically along the left edge bearing the denomination legend. The issuer title THE CITY OF RICHMOND is set in large bold display type across the upper centre, below which the promise to pay TEN CENTS appears in the largest typeface on the note. Italic script conveys the redemption and receivability clauses, a manuscript serial number is entered in the upper left, the date Richmond April 14, 1862 appears at upper right, and a manuscript signature occupies the lower right with the notation Authorized by Act of Assembly at lower left. |
|---|---|
| Obverse lettering | Richmond April 14, 1862 THE CITY OF RICHMOND Will pay to Bearer, on Demand TEN CENTS When presented in sums of One or more Dollars. And this Note is receivable for any Dues to the City of Richmond. Authorized by Act of Assembly. |
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| Comments |
Confederate municipal scrip of this kind filled a genuine vacuum. By mid-1862, small Federal coins had vanished from circulation throughout the South — hoarded, melted, or simply unavailable — and the Confederate cent had never materialized as a circulating coin. Cities, counties, merchants, and railroads all stepped in with fractional paper, and Richmond, as the Confederate capital, produced some of the more formally issued examples.
Redemption was theoretically guaranteed in Confederate Treasury notes once accumulated in sufficient quantity, a promise that aged poorly.