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2 Dollars The Bank of Middletown
| Issuer | Bank of Middletown |
|---|---|
| Year | 1831-1864 |
| Type | Log in to see details |
| Value | 2 Dollars (2 USD) |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 2 No. A THE BANK of MIDDLETOWN Will pay TWO DOLLARS to the Bearer on demand as directed by the act of assembly of the 4th May 1841 RE-ISSUE _______for cash Danforth, Underwood & Co., New York |
| Reverse description | The reverse is unprinted or plain, consistent with the practice of many early American state-chartered bank issues of the antebellum period. The Bank of Middletown was chartered in 1831 and operated until 1864, when it was succeeded by the National Bank of Middletown. |
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| Comments |
The Bank of Middletown was chartered in Middletown, Connecticut, and operated through the Free Banking period — one of hundreds of state-chartered institutions whose notes circulated locally but traded at a discount the further they traveled from home. Danforth, Underwood & Co. were among the most prolific bank note engravers of the antebellum period, with offices in New York and Philadelphia, supplying plates to institutions across the northeastern states.
The long date range reflects standard practice: a single plate series remained in use across multiple charter renewals until the National Banking Acts of 1863–64 effectively ended state bank note issuance by taxing it out of existence.