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5 Cents J.D. Hamlin's Banking House, Niagara Falls, New York
| Issuer | J.D. Hamlin's Banking House |
|---|---|
| Year | 1862 |
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| Currency | Dollar (1785-date) |
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|---|---|
| Obverse lettering | J.D. HAMLIN'S BANKING HOUSE Pay the bearer Five Cents current Bank Notes when presented in Sums of One or more Dollars. NIAGARA FALLS, JULY 1, 1862 __________ Sage Sons & Co, Buffalo N.Y. |
| Reverse description | Unprinted plain paper reverse, showing no design, text, or ornamental elements. |
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| Comments |
Private bank scrip from Niagara Falls is uncommon by any measure. J.D. Hamlin's Banking House operated during the fractional currency shortage that hit Northern commerce hard in the early Civil War years — hoarding of coins drove thousands of merchants, tradesmen, and local bankers to issue their own low-denomination paper to keep transactions moving. The federal government had not yet introduced official fractional notes; that came in August 1862, and most private scrip of this kind was quickly driven out once Washington's issues reached circulation.
Sage Sons & Co. of Buffalo were the dominant regional printer for exactly this kind of emergency commercial paper, supplying dozens of issuers across western New York during 1861–62.