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100 Dollars Certificate of Deposit
| Issuer | Hawaiian Treasury, Department of Finance |
|---|---|
| Year | 1879-1880 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Dollar (1847-1898) |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | The obverse is printed in blue-black on white paper and centres on a large vignette of a terrestrial globe flanked by a steam-powered locomotive on the right and a sailing vessel on the left, evoking Hawaii's maritime and commercial connections. To the left of the central vignette stands a horse and to the right a bull, both rendered in fine intaglio engraving, while the bold guilloche-bordered numeral counters '100' appear at each lower corner. The heading 'HAWAIIAN ISLANDS / Department of Finance' arches across the upper portion, with the denomination legend 'ONE HUNDRED DOLLARS IN SILVER COIN payable to the bearer ON DEMAND' in letterpress below the central group. |
|---|---|
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| Variants | P#4a - issued note P#4b - punch hole or cut cancelled |
| Comments |
Hawaii's Certificates of Deposit were not conventional currency. Issued by the Kingdom's Treasury against actual deposits held by the Department of Finance, they functioned closer to transferable receipts than to circulating banknotes — a distinction that mattered legally under Hawaiian law at the time. The American Bank Note Company's involvement brought the quality of engraving typical of US federal instruments, which the Kingdom specifically wanted to discourage counterfeiting in an island economy increasingly integrated with San Francisco banking networks.
P#4 is among the rarest of the Hawaiian government paper issues. Surviving examples number in single digits.