Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
5 Dollars State Bank of Michigan
| Issuer | State Bank of Michigan |
|---|---|
| Year | 1859 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 185 × 75 mm |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THE STATE BANK OF MICHIGAN Will pay to bearer FIVE DOLLARS on demand. Detroit, _______ 18__ Cashier, President SECURED BY PLEDGE OF PUBLIC STOCKS LYMAN'S PROTECTION Bank Note on the right end One Dollar covers one third of the paper. Two Dollars, one half. Three dollars, two thirds. Five dollars three fourths. New York American Bank Note Company |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Anti-counterfeiting paper |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The State Bank of Michigan had a notoriously short window of relevance. Michigan's free banking era produced hundreds of issuing institutions of wildly uneven capitalization, and the state's banking infrastructure was under sustained pressure from both the national banking reforms gathering momentum in Washington and the ongoing fallout from earlier wildcat banking scandals that had badly damaged public trust in Michigan paper. By 1859, the writing was on the wall — the National Banking Acts of 1863–64 would effectively terminate state bank note issuance within a few years.
American Bank Note Company had consolidated several earlier security printers by 1858, and notes from this transitional period of the firm carry the new ABNC imprint rather than the predecessor company credits.