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100 Dollars Gold Certificate of Deposit
| Issuer | Department of Finance, Republic of Hawaii |
|---|---|
| Year | 1895 |
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| Value | 100 Dollars |
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| Obverse description | Black intaglio print on pale yellow-gold underprint. The central vignette presents a steam locomotive with workers in a cane field scene, flanked on the left by a standing classical female figure in a laurel wreath and on the right by a rearing horse vignette. Denomination numerals "100" appear in ornate guilloche panels at both lower corners, with the title "REPUBLIC OF HAWAII" in bold letterpress across the upper centre and signature lines for the Registrar of Public Accounts and Minister of Finance at the bottom. |
|---|---|
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| Reverse description | Printed entirely in golden-yellow ink, the reverse is dominated by a large central oval vignette of the Republic of Hawaii state seal surrounded by intricate guilloche lacework. The denomination "100" appears in mirror-image panels at the far left and right edges, with the legends "HAWAIIAN TREASURY" and "REPUBLIC OF HAWAII" arching above the central seal, and the Roman numeral date "MDCCCXCIV" below it. |
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| Comments |
Hawaii's Gold Certificates of Deposit were functionally warehouse receipts against gold coin held by the Republic's Treasury — not conventional banknotes in the commercial sense. The 1895 series was issued during a politically volatile stretch following the 1893 overthrow of the monarchy, when the provisional and then republican governments were scrambling to establish fiscal credibility while annexation negotiations with Washington dragged on.
American Bank Note Company handled the entire series. Pick 10 is the high denomination, and surviving examples are genuinely rare — the certificates were redeemable on demand, which meant most were presented and destroyed rather than kept.