Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
10 Dollars - New York Loan Company Replica
| Issuer | New-York Loan Company |
|---|---|
| Year | 1838 |
| Type | Replica banknote |
| 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 | Log in to see details |
| 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 |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TEN TEN TEN TEN TEN TEN TEN TEN 10 10 The NEW-YORK LOAN COMPANY Promise to pay D B Ogden or Bearer at their Banking House in the City of New York Ten Dollars on one year from date with Interest at 2½ pr. ct. pr. annum No. 241 NEW-YORK March 2, 1838 (signature) Cashr. (signature) Prest. SECURED REAL ESTATE CAPITAL 100.000 STOCK |
| Reverse description | The reverse shows a blind offset impression of the obverse design printed through the thin paper stock, with no independent design elements — a characteristic of many early American obsolete bank note replicas produced on lightweight paper. |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The New-York Loan Company was chartered under New York State's free banking legislation of 1838, which allowed virtually any group meeting minimum capital requirements to issue currency backed by approved securities deposited with the state comptroller. The system was widely abused — undercapitalized institutions issued notes far beyond their reserves, and bank failures during the early 1840s left holders with worthless paper. Whether this company survived long enough to redeem its obligations in full is not established with confidence.
This is a replica, not an original circulating note. Buyer should be clear on that distinction before cataloging further.