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50 Cents Macon Savings Bank
| Issuer | Macon Savings Bank |
|---|---|
| Year | 1863 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | This Certifies that has been deposited 50 in the Macon Savings Bank in Confederate Treasury Notes FIFTY CENTS Payable to the holder with four percent interest. after thirty days notice in Confederate Treasury Notes when presented in sums of Five Dollars Macon, GA March 16, 1863 |
| Reverse description | Reverse is unprinted, presenting a plain paper surface with no vignettes, text, or ornamental elements. |
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| Comments |
Macon, Georgia functioned as a significant Confederate supply and financial hub after the fall of Nashville and the Union advance through Tennessee — by 1863, local institutions like Macon Savings Bank were issuing fractional scrip to address the near-total disappearance of metallic coin from daily commerce. Federal coins vanished from circulation almost immediately after secession, hoarded or melted, leaving a vacuum that municipal banks, merchants, and even railroads rushed to fill with paper fractions.
Georgia-issued fractional notes from this period were printed locally under difficult conditions, and typographic inconsistencies between surviving examples of this series suggest small press runs, possibly from more than one setting of type.