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10 Cents State of Florida, 3rd issue

Issuer State of Florida
Year 1868
Type Local banknote
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Obverse description Printed in black, blue, and red on plain paper, the note is enclosed within a chain-link border. The issuer's name "THE STATE OF FLORIDA" appears in large bold black letterpress type across the center, with the promise to pay inscribed in italic script below. The denomination "TEN CENTS" is overprinted in bold blue ink across the center, flanked by numeral "10" in black at each side, with the red legend "The Public Lands of the State pledged" along the lower margin and a red receivability clause at the top.
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Reverse description The reverse is unprinted, showing only the plain paper stock with show-through of the obverse letterpress impression visible in mirror image, confirming the single-sided printing typical of Civil War-era Southern state fractional currency.
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Comments

Florida's Reconstruction-era fractional notes occupy an unusual place in American fiscal history. The state government, operating under federal military oversight following readmission to the Union in 1868, issued its own small-denomination paper currency to address a chronic shortage of small change — a problem that plagued Southern states throughout the postwar decade, when coin hoarding and general economic dislocation made transactions below a dollar genuinely difficult.

Printed locally in Tallahassee rather than contracted to an established security printer, production quality is accordingly modest. The 3rd issue designation within the Criswell Florida scrip sequence reflects successive attempts to address redemption and counterfeiting concerns with earlier printings.

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