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15 Cents State of South Carolina

Emittent Bank of the State of South Carolina
Jahr 1863
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Größe 98 × 67 mm
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Vorderseitenbeschreibung Central vignette of a Palmetto tree set within decorative scrollwork, printed in black letterpress. The denomination numeral '15' appears in large blue letterpress type at left and right flanking the vignette, with the issuing authority legend arching above in a semicircular arrangement. Below the vignette, the promise-to-pay clause is printed in blue, with 'FIFTEEN CENTS' in bold display type along the lower portion; the date 'Feb. 1, 1863.' appears at lower left and a manuscript cashier's signature line at lower right.
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Rückseitenbeschreibung Plain unprinted field with two lines of red letterpress text at centre: the denomination written out and the statutory authority for issue. The reverse shows considerable wear with areas of paper loss and blue ink transfer from the obverse.
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Anmerkungen

The Bank of the State of South Carolina — a state-owned institution from its founding in 1812 — issued fractional notes like this 15-cent piece to address the acute small-change shortage that plagued the Confederate states almost from the outset of the war. Federal coin had vanished from circulation almost immediately after secession, hoarded by a public with no faith in paper alternatives, and the void was filled by a chaotic patchwork of municipal, corporate, and state-issued scrip.

South Carolina's fractional issues were printed locally under wartime constraints, which shows. The 15-cent denomination is among the more awkward of the series — a product of necessity arithmetic, not monetary logic.

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