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25 Cents Indian Head Bank

Uitgever Indian Head Bank, Nashua, NH
Jaar 1862
Type Log in om details te zien
Waarde Log in om details te zien
Valuta Log in om details te zien
Samenstelling Log in om details te zien
Afmetingen 88 × 46 mm
Vorm Log in om details te zien
Drukker Log in om details te zien
Ontwerper(s) Log in om details te zien
Graveur(s) Log in om details te zien
In omloop tot Log in om details te zien
Referentie(s) Log in om details te zien
Beschrijving voorzijde At left, a vertical banner cartouche bears the merchant imprint 'WHITE & HILL'; at right, a vignette shows a Native American figure seated on a rocky outcrop. The centre carries the bank title, a numeral medallion with the denomination '25', and the issuing location and date in letterpress.
Opschrift voorzijde WHITE & HILL / Indian Head Bank / Pay to the bearer / 25 / Twenty-Five Cents / Nashua, NH / Oct. 1, 1862 / White + Hill
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde Log in om details te zien
Handtekening(en) Log in om details te zien
Beveiligingstype Log in om details te zien
Beschrijving beveiliging Log in om details te zien
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Opmerkingen

Civil War-era fractional currency from private banks filled a genuine void — hoarding of silver coin had stripped small change from daily commerce almost entirely by mid-1862, forcing local institutions to issue their own scrip. The Indian Head Bank of Nashua was among hundreds of state-chartered banks that stepped into that gap with small-denomination notes, none of which had federal authorization.

These 25-cent obligations were redeemable at the issuing branch only, which made them functionally useless beyond the immediate locality — by design, not accident. Many were never presented for redemption at all.

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