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10 Cents P.P. Hyde
| Issuer | P.P. Hyde, Jordanville, Herkimer County, New York |
|---|---|
| Year | 1852 |
| Type | Vouchers |
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| Obverse description | Merchant scrip issued by P.P. Hyde of Jordanville, NY, printed by Ferd. Mayer & Co. A vignette at lower left shows a female allegorical figure with sailing vessels in the background. Numeral counters appear at upper left and upper right within circular guilloche frames, with the issuer's name in large Gothic script across the centre. |
|---|---|
| Obverse lettering | DEALER IN DRY GOODS GROCERIES & c. FOR CASH. P.P. Hyde. JORDANVILLE, Herkimer, Co. N.Y. Will pay to the bearer on demand November 1852 TEN CENTS IN CURRENT FUNDS When presented in sums of one or more Dollars FERD. MAYER & CO. 96 FULTON ST NY |
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| Comments |
Private scrip issued by individual merchants was common in mid-nineteenth century rural New York, where small-denomination federal coinage was chronically scarce and banks reluctant to issue notes below one dollar. P.P. Hyde operated in Jordanville, a small agricultural settlement in Herkimer County, and this 10-cent note would have functioned as a local substitute — redeemable at Hyde's own establishment and accepted, if at all, only within a tight geographic radius.
Ferd. Mayer & Co. were active New York City lithographers who printed commercial ephemera including scrip for merchants who lacked access to more formal bank-note engravers. The distinction mattered: this is lithography, not intaglio, and that separation in production method tracks directly with the issuer's standing.