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50 Dollars Certificate of Deposit
| Issuer | Department of Finance, Hawaiian Islands |
|---|---|
| Year | 1879-1880 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#3 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CERTIFICATE OF DEPOSIT DEPARTMENT OF FINANCE HAWAIIAN ISLANDS THIS CERTIFIES THAT there have been deposited at the HAWAIIAN TREASURY FIFTY DOLLARS IN SILVER COIN payable to the bearer ON DEMAND |
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| Variants | P#3a - issued note P#3b - punch hole or cut cancelled |
| Comments |
Hawaii's 1879–1880 Certificates of Deposit were not conventional banknotes — they were interest-bearing instruments, effectively short-term government paper backed by treasury funds rather than a bank of issue. The Kingdom had no central bank, and the Department of Finance filled that structural gap directly. American Bank Note Company supplied the printing, as it did for most Pacific and Caribbean governments that lacked domestic security printing facilities during this period.
Surviving examples are genuinely rare. The certificates were redeemable and most were surrendered and cancelled upon maturity, leaving few intact in any condition. Pick lists only three types for the entire Hawaiian Islands series.