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50 Dollars New England Commercial Bank - Rhode Island
| Issuer | New England Commercial Bank |
|---|---|
| Year | 1830-1849 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Printer | New England Bank Note Company, Boston, Massachusetts, United States |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 50 FIFTY DOLLARS 50 THE PRESIDENT, DIRECTORS & CO., OF THE NEW ENGLAND COMMERCIAL BANK promise to pay FIFTY DOLLARS to or bearer on demand NEWPORT____18___ New England Bank Note Co. 50 RHODE ISLAND |
| Reverse description | The reverse is unprinted, consistent with mid-nineteenth-century American obsolete banknote production practice. |
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| Comments |
The New England Bank Note Company was one of the more technically capable security printers operating out of Boston in this period, and their work for Rhode Island chartered institutions was generally well-executed. The New England Commercial Bank itself operated under Rhode Island's notoriously permissive free banking environment — the state was slow to adopt meaningful regulatory oversight, which meant that notes from smaller chartered institutions circulated at significant discounts outside local markets, with merchant counterfeit detectors rating them anywhere from par to several percent below face.
Haxby's RI155-G94 suffix places this squarely in the genuine-issue sequence, as opposed to the altered and spurious notes that shadowed virtually every Rhode Island emission of the era.