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10 Dollars State of South Carolina
| Issuer | State of South Carolina |
|---|---|
| Year | 1872 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | State of South Carolina Receivable as TEN DOLLARS, in payment of all Taxes and Dues of the State, Except Special Tax Levied to Pay Interest on Public Debt |
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| Reverse lettering | TEN TEN Issued under an Act to relieve the State of South Carolina of all liability for its guarantee of the Bonds of the Blue Ridge Railroad Company, by providing for the securing and destruction of the same. March 2, 1872. |
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| Comments |
South Carolina's 1872 state currency issues emerged from the wreckage of Reconstruction finance. The state government, under Republican administration and accused by opponents of spectacular graft, was issuing scrip against revenues that were themselves contested — the tax base was unstable, bonded debt was climbing toward default, and faith in any paper carrying the state's name was limited at best. South Carolina formally repudiated much of its Reconstruction-era debt in the 1870s and 1880s, which complicates the redemption history of notes from this precise window.