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5 Dollar Bank of Augusta
| Issuer | Bank of Augusta |
|---|---|
| Year | 1850-1859 |
| Type | Log in to see details |
| Value | 5 Dollars (5 USD) |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | The obverse carries a central vignette of a allegorical female figure representing Commerce at upper center, accompanied by a juvenile eagle. A second female figure appears at lower left, with a beehive vignette to the right, both rendered in intaglio engraving typical of the Rawdon, Wright, Hatch & Co. house style. Denomination counters bearing the numeral 5 appear in the corners, with the full bank title and promise-to-pay text in letterpress across the central panel. |
|---|---|
| Obverse lettering | 5 FIVE D No.684 FIVE 5 The President Directors & Co Of the BANK OF AUGUSTA Promise to pay on demand FIVE DOLLARS to ______ or Bearer Augusta, Georgia, 1 July 1852 5 Cash_____Pres_____5 Rawdon, Wright, Hatch & Co New York |
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| Comments |
The Bank of Augusta operated out of Augusta, Georgia, and was one of several antebellum Georgia state-chartered banks that relied on Northern engravers for their note production — Rawdon, Wright, Hatch & Co. being among the most prolific of the era, supplying plates to banks across the country from their New York shop. The arrangement was purely commercial; a Georgia bank's notes could carry the same underlying plate geometry as those of a Massachusetts savings institution.
By the late 1850s, Georgia's banking sector was under increasing political pressure as secession sentiment hardened. Many of these institutions wound down or were absorbed into Confederate monetary structures after 1861, cutting circulation lives short.