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25 Cents State of Florida, 3rd issue
| Issuer | State of Florida |
|---|---|
| Year | 1868 |
| Type | Log in to see details |
| Value | 25 Cents (0.25 USD) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Receivable by the State of Florida in payment of all dues and demands. THE STATE OF FLORIDA will pay to the bearer on demand 25 Twenty-Five Cents. 25 TWENTY-FIVE Gov'r. Treas'r. Tallahassee, Feb'y. 2nd, 1868 The Public Lands of the State pledged. |
| Reverse description | The reverse is unprinted, showing only the plain paper stock; the obverse letterpress impression is visible in mirror image as show-through from the thin paper substrate. |
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| Comments |
Florida's Reconstruction-era fractional notes occupy an uncomfortable slice of American fiscal history. The state's treasury was essentially insolvent by 1868, reconstruction government expenditures far outpacing revenue, and small-denomination scrip like this filled the void left by the chronic shortage of federally issued coins reaching the deep South. The "3rd issue" designation reflects successive attempts to keep a functioning small-change economy alive under conditions no functioning banking system would have tolerated.
Printed locally in Tallahassee rather than contracted to an established security printer, production quality is predictably inconsistent across the series — misaligned impressions and uneven ink distribution are documented throughout Criswell CS#24 examples.