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3 Dollars Bank of Watertown
| Issuer | Bank of Watertown |
|---|---|
| Year | 1863 |
| Type | Log in to see details |
| Value | 3 Dollars (3 USD) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is otherwise plain on a light grey-green paper ground, bearing a single large red typographic numeral 3 at center left in an ornate serif face, with a faint serial number impression visible near the top center through the paper. |
| Reverse lettering | 3 |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
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| Variants | Log in to see details |
| Comments |
The Bank of Watertown operated out of Watertown, Wisconsin, and this 1863 issue came at an awkward moment — national banking legislation passed that same year was already beginning to squeeze state-chartered institutions out of the currency business. A 10% federal tax on state banknote circulation, effective 1865, would finish the job for most of them.
Toppan, Carpenter, Casilear & Co. was among the most technically accomplished security printers of the antebellum period, later absorbed into the American Bank Note Company. Their work on Wisconsin obsoletes is generally well-executed, with fine lathe-work guilloche that held up poorly to imitators.