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75 Cents The Augusta Insurance & Banking Co. - Georgia
| Issuer | The Augusta Insurance & Banking Co. |
|---|---|
| Year | 1863 |
| 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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| Shape | Rectangular |
| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Black letterpress text on cream paper with red overprint. A small eagle vignette is centered at the top between a handwritten serial number and series letter. Denomination numeral '75' appears in large black type at upper left and in bold red at upper right. The issuer's name is set in gothic script above the redemption text in cursive. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse shows the printed back of an uncut sheet, revealing portions of adjacent notes from the same series. Multiple guilloche-ringed denomination numerals '5' are visible alongside the partial portrait vignette of a male figure set within an ornate lathe-work circle, with oblique script and the partial legend 'THE AGENT O...' and 'OFFIC...' printed in various orientations. |
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| Comments |
Augusta Insurance & Banking Co. was chartered primarily as an underwriting firm, not a deposit bank — its note-issuing activity was an improvised response to the catastrophic coin shortage that gripped the Confederate states after 1861. As specie vanished from circulation, insurance companies, railroads, and dry goods merchants across Georgia all began printing fractional notes to make change. This 75-cent denomination is an odd value by any standard, suggesting it was calibrated against a specific local pricing need rather than issued as part of a tidy denominating scheme.
Georgia's state government made several attempts to regulate this flood of private scrip, with limited effect.