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5 Dollars Central Bank of Virginia
| Issuer | Central Bank of Virginia |
|---|---|
| Year | 1860 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | THE CENTRAL BANK OF VIRGINIA Will pay FIVE DOLLARS to Bearer on demand. STAUNTON ______ 18__ Cashier President American Bank Note Company |
| Reverse description | Unprinted reverse of plain cream-buff cotton paper, entirely uninscribed, with evidence of heavy circulation wear, fold lines, and surface soiling visible throughout. |
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| Comments |
The Central Bank of Virginia was a Richmond-based institution chartered in 1851, one of several Virginia banks whose note issues accelerated sharply in the late 1850s as sectional tensions strained public confidence in long-distance financial instruments. By 1860, Virginia banks were operating under increasing pressure from the state legislature to maintain specie reserves — a demand many struggled to meet.
American Bank Note Company, formed in 1858 through the merger of several competing security printers, was handling a large volume of Southern bank work at this moment. The Civil War would sever those relationships entirely within a year.