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4 Dollars Bank of Augusta
| Issuer | Bank of Augusta |
|---|---|
| Year | 1863 |
| Type | Log in to see details |
| Value | 4 Dollars |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | FOUR 4 4 FOUR The President Directors & Comp.ʸ of the BANK OF AUGUSTA promise to pay on demand Four Dollars to ____ or bearer. Augusta Georgia ____ 18__ ____ Cash.ʳ ____Pres.ᵗ |
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| Reverse lettering | 25 A The President, Directors & Co. of the BANK OF AUGUSTA Will pay TWENTY-FIVE CENTS on demand, in Confederate Treasury Notes, when sum of Five Dollars is presented. Augusta, Ga., Jan 1, 1863. 50 A The President, Directors & Co. of the BANK OF AUGUSTA Will pay FIFTY CENTS on demand, in Confederate Treasury Notes, when sum of Five Dollars is presented. Augusta, Ga., Jan 1, 1863. 10 A The President, Directors & Co. of the BANK OF AUGUSTA Will pay TEN CENTS on demand, in Confederate Treasury Notes, when sum of Five Dollars is presented. Augusta, Ga., Jan 1, 1863. |
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| Comments |
The Bank of Augusta was one of several Georgia state-chartered banks that continued issuing notes under the Confederate monetary framework after federal currency was effectively locked out of the South. By 1863, Confederate Treasury notes had already begun inflating sharply, and local bank issues like this one were tolerated — sometimes preferred — in regional commerce precisely because they carried the implicit backing of known local assets rather than a government increasingly stretched by war finance.
The $4 denomination is the tell. Southern printers leaned on odd denominations to make change against Confederate 5s, a small but telling sign of how fractured daily commerce had become by mid-war.