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10 Dollars Merchants and Planters Bank - Georgia
| Issuer | Merchants and Planters Bank, Savannah, Georgia |
|---|---|
| Year | 1856 |
| 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 | Log in to see details |
| Shape | Rectangular |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is largely unprinted, with a large red letterpress TEN overprint in ornate gothic script positioned toward the lower center, mirror-reading relative to the obverse overprint. The plain paper background shows the note's cotton fiber texture. |
| Reverse lettering | TEN |
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| Comments |
The Merchants and Planters Bank of Savannah operated during a period when Georgia's coastal cotton economy was generating the kind of capital that demanded credible paper instruments. Baldwin, Bald & Cousland — a New York security printing firm active only briefly under that name before reorganizing as the American Bank Note Company in 1858 — produced a considerable volume of Southern state bank currency during their short run, and their engraving quality was among the better work available to American issuers in the mid-1850s.
Georgia's free banking framework meant that note-issuing authority was tied directly to specie reserves, a requirement honored unevenly in practice. Savannah banks in particular came under scrutiny during the credit contractions of 1857.