25 Cents County of Lowndes

Lowndes County, Alabama issued fractional scrip in 1866 because there simply was no functioning federal small change in circulation across much of the defeated Confederacy. Reconstruction-era Alabama was cash-starved at the local level — specie had vanished, federal greenbacks were scarce in rural counties, and Confederate currency had just collapsed entirely. County governments across the Deep South filled the gap themselves, issuing obligations with whatever authority they could claim and whatever printing they could arrange locally.

Unlisted in Pick, which is unsurprising — Alabama county scrip from this period survives in tiny quantities and was never systematically catalogued. Attribution and authenticity verification depend almost entirely on provenance and comparison against documented examples held in Alabama state archives.