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6 Dollars Peoples' Bank of Paterson
| Issuer | Peoples' Bank of Paterson |
|---|---|
| Year | 1830-1839 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Dollar (1785-date) |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | STATE OF N. JERSEY SIX THE PRESIDENT DIRECTORS & CO OF THE Peoples' Bank of Paterson Promises to pay SIX DOLLARS on demand to____________ or bearer PATERSON_____18__ Casilear, Durand, Burton & Edmonds, N. York |
| Reverse description | Blank. |
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| Comments |
The $6 denomination was a product of the "broken bank" era's eccentric arithmetic — odd amounts like $3, $6, and $7 were deliberately chosen to frustrate counterfeiters, who tended to focus their efforts on round-denomination notes that were easier to pass in volume. Casilear, Durand, Burton & Edmonds was a capable New York engraving house active through the 1830s before its principals scattered into successor firms; Durand in particular became one of the more respected bank note engravers of the antebellum period.
The Peoples' Bank of Paterson operated under New Jersey's permissive pre-free-banking charter regime, and like most state-chartered institutions of the decade, its actual specie reserves bore little formal relationship to its note issuance.