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10 Dollars State of South Carolina
| Issuer | State of South Carolina |
|---|---|
| Year | 1872 |
| Type | Log in to see details |
| Value | 10 Dollars (10 USD) |
| Currency | Log in to see details |
| Composition | 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 | At left and right, horizontal TEN numerals serve as lateral underprints; the central field contains a circular panel with printed text and the issue date. |
| 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.