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| 正面铭文 | D. Krebs (over lady's head) Serial Number Miners Life Insurance & Trust Company In the County of Schuylkill Middleport Pay the Bearer Dec 1st, 1862 on Demand TEN CENTS When presented in sums of One or more Dollars 10CTS Signature |
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| 背面铭文 | 10 (in center of medallion) |
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The Miners' Life Insurance and Trust Company was chartered in Pottsville, Pennsylvania, in the heart of the Schuylkill County anthracite coal region. During the Civil War, small-denomination fractional currency vanished almost immediately from circulation as hoarding intensified — coins of any kind disappeared — and private firms, municipalities, and merchants filled the gap with their own scrip. This note is part of that response.
Insurance companies issuing circulating currency was already legally questionable before the National Currency Acts formalized federal control. Whether this company had genuine authorization to circulate scrip in 1862 is doubtful.