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2 Dollars The Mechanics Bank of Augusta - Georgia
| Issuer | Mechanics Bank of Augusta |
|---|---|
| Year | 1858 |
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| Composition | Log in to see details |
| Size | 172 × 72 mm |
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|---|---|
| Obverse lettering | THE MECHANICS BANK Will pay on demand to the bearer TWO DOLLARS .... 185... AUGUSTA, GEO. .........................Cash.r...................Pres.t Danforth, Spencer & Hufty, New York___ Spencer, Hufty & Danforth, Philad`a |
| Reverse description | The reverse is entirely unprinted, left blank without any vignette, text, or ornamental work, consistent with the production conventions of mid-nineteenth-century American obsolete banknotes from this engraving house. |
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| Comments |
The Mechanics Bank of Augusta received its charter from the Georgia legislature in 1833 and operated as one of the more conservative antebellum state banks in the Deep South — it survived several of the periodic suspension crises that crippled Georgia banking in the 1840s. By 1858, when this note was issued, the bank held a reputation solid enough that its paper circulated at or near par across much of the state.
Danforth, Spencer & Hufty and its successor firm Spencer, Hufty & Danforth were the same core partnership in transition, splitting operations between New York and Philadelphia during a reorganization period — notes from this exact series can appear with either imprint depending on which shop completed the run.