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10 Cents Commercial Bank of Glens Falls
| Issuer | Commercial Bank of Glens Falls |
|---|---|
| Year | 1862 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 128 × 60 mm |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CHESTER NOV 1st 1862 COMMERCIAL BANK OF GLENS FALLS Pay the Bearer on Demand TEN CENTS in current Bank Bills when Drafts to the amount of one Dollar are presented. LEWIS & GOODWIN, ALBANY |
| Reverse description | The reverse shows the obverse design in mirror image as a show-through from the thin paper stock, with no independently printed design elements. Four cancellation punch holes are visible along the lower edge, indicating this note has been officially cancelled. The face is otherwise unprinted, conforming to the typical practice for small-denomination Civil War-era scrip of this type. |
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| Comments |
Glens Falls, New York was a minor commercial hub in Warren County, and the proliferation of local bank issues in the early 1860s reflected both the collapse of confidence in federal currency and the acute small-denomination shortage that preceded the first Legal Tender Acts. Ten-cent notes from this period filled a gap that coins could not — hoarding had stripped silver fractional coinage from circulation almost entirely by mid-1862.
Lewis & Goodwin operated out of Albany as a regional job printer, not a specialist security firm, which partly explains why Kappen-listed notes from this issuer are encountered far less often in high grade than comparable products from the major engraving houses.