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50 Dollars Gold Certificate of Deposit

Issuer Republic of Hawaii, Department of Finance
Year 1895
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Currency Dollar (1847-1898)
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Obverse description A yellow-green guilloche underprint covers the face, with a central intaglio vignette of a Hawaiian paniolo on horseback lassoing a longhorn steer, a palm tree at right, and a circular allegorical female portrait vignette at left. The denomination '50' appears in each corner, with 'KANALIMA' running vertically along both side borders and 'REPUBLIC OF HAWAII' in large bold letters across the upper centre. Red serial numbers appear at upper centre flanking 'DEPARTMENT OF FINANCE', with the full certificate text occupying the lower register.
Obverse lettering GOLD CERTIFICATE OF DEPOSIT KANALIMA DEPARTMENT OF FINANCE REPUBLIC OF HAWAII THIS CERTIFIES, THAT THERE HAVE BEEN DEPOSITED AT THE HAWAIIAN TREASURY FIFTY DOLLARS IN GOLD COIN PAYABLE TO THE BEARER ON DEMAND. ISSUE OF 1895 - ACT № 19
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Comments

Hawaii's Gold Certificates of Deposit were not general-circulation currency but instruments tied to actual gold held on deposit with the Republic's Treasury — a system that reflected the islands' unusual monetary position, operating outside the U.S. dollar framework while remaining commercially entangled with American banking. The Republic itself lasted only until 1898, when annexation ended Hawaiian monetary autonomy entirely.

The American Bank Note Company produced the series with the same security printing standards applied to U.S. federal issues of the period. Pick 9 is among the rarer denominations of this short-lived series — few were issued, fewer survived.

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