Catalog
3 Dollars
| Issuer | Bank of Clifton |
|---|---|
| Year | 1859 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Dollar (1792-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCE OF CANADA BANK OF CLIFTON Three Dollars CLIFTON ONE MILLION DOLLARS INCORPORATED BY ACT OF PARLIAMENT American Bank Note Co. New York On demand No. |
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| Reverse lettering | THREE |
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| Comments |
The Bank of Clifton was one of several short-lived New Jersey free banking institutions chartered in the 1850s under the state's liberal banking laws — legislation that allowed almost any group of investors to establish a note-issuing bank against deposited securities. Many of these banks were thinly capitalized from the start, and Clifton was no exception. Whether this note ever saw meaningful circulation before the bank's failure is doubtful.
The American Bank Note Company plate work is the most durable thing about it. ABNC had consolidated several older engraving firms by 1858, and by 1859 was producing the bulk of American state banknote work out of its Nassau Street facility in lower Manhattan.