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10 Dollars Asiatic Banking Corporation

Issuer Asiatic Banking Corporation
Year 1862
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Value 10 Dollars
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Obverse description Pink and black note with multilingual inscriptions in Tamil, Jawi (Arabic script), Chinese, and English arranged along all four borders. Two oval TEN DOLLARS denomination panels flank a central vignette of the corporation's arms. The promise-to-pay text is set in a decorative guilloche band across the centre, with the denomination numeral '10' repeated in the lower corners and the issuing place 'SINGAPORE' and partial date '18' printed below the central vignette.
Obverse lettering ASIATIC BANKING CORPORATION TEN DOLLARS TEN DOLLARS THE ASIATIC BANKING CORPORATION promise to pay the Bearer on Demand at their Branch in SINGAPORE in Local Currency the Sum of TEN DOLLARS Value received SINGAPORE By order of the Court of Directors
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The Asiatic Banking Corporation was a London-registered institution that operated briefly in the 1860s across eastern trade ports. It collapsed in 1866 during the London credit crisis triggered by the failure of Overend, Gurney & Company — a banking panic that brought down numerous overseas finance houses simultaneously. Notes issued in the years immediately before that collapse, like this one, were effectively rendered worthless at the point of failure, which makes surviving examples genuinely uncommon rather than simply old.

Pick S75 is catalogued in the specialized rather than general sequence, reflecting its private bank status rather than any question of legitimacy at the time of issue.