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5 Dollars Farmers & Exchange Bank of Charleston - South Carolina
| Issuer | Farmers & Exchange Bank of Charleston |
|---|---|
| Year | 1853 |
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| Composition | Log in to see details |
| Size | 170 × 74 mm |
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| Obverse description | At left, a central vignette depicts the crowning of a bust of George Washington with a laurel wreath on a dock, flanked by a shield bearing the U.S. flag, a fasces, and ship cargo, with a vessel on the horizon; the denomination numeral '5' appears at each side. Three subsidiary vignettes at right show, from top to bottom, dock cargo, a portrait of John C. Calhoun, and a steam locomotive. The South Carolina state seal appears at the lower centre between two signature lines. |
|---|---|
| Obverse lettering | No. 196 No. 196 5 5 The Farmers & Exchange Bank of Charleston Will pay FIVE DOLLARS to bearer on demand at Charleston, S.C. 7 July 18__ Toppan, Carpenter, Casilear & Co. New York. |
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| Comments |
The Farmers & Exchange Bank of Charleston operated under a South Carolina charter and was among the more active antebellum commercial banks issuing currency for agricultural trade in the lowcountry. Toppan, Carpenter, Casilear & Co. — the New York security printing house that would eventually fold into the American Bank Note Company in 1858 — produced this note, as they did for dozens of Southern institutions during the early 1850s.
Notes of this specific type, Haxby SC15G2a, are genuinely scarce in any grade. The bank itself did not survive the Civil War financial disruption, and large quantities of outstanding Southern private bank paper were rendered worthless and discarded rather than redeemed.