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Replica - 5 Dollars The Cotton Planters Loan Association
| Issuer | The Cotton Planters Loan Association of the Fifth Congressional District of South Carolina |
|---|---|
| Year | 1862 |
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| Composition | Log in to see details |
| Size | 159 x 79 mm |
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| Obverse description | Central vignette shows field workers harvesting cotton; at left, an oval portrait medallion of a woman within a decorative frame, and at right, the denomination numeral '5' within a lathe-work border. Vertical text panels appear on both side margins. At lower right, a portrait vignette of a bearded male figure is set below the handwritten promise-to-pay line and date. |
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| Obverse lettering | Chartered by the Legislature of South Carolina N° 415 N° 415 D D THE COTTON PLANTERS LOAN ASSOCIATION of the Fifth Congressional District of South Carolina Will pay to _____ or Bearer FIVE DOLLARS Unionville S.C. 15th May 1862 COPY Treas. Pres. |
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| Comments |
The Cotton Planters Loan Association of the Fifth Congressional District was one of several improvised Confederate-era credit institutions that issued scrip to address the near-total collapse of specie circulation in rural South Carolina by mid-1862. These notes functioned as local currency within a tightly defined geographic boundary — the congressional district — rather than across the Confederacy at large, limiting their acceptance and, consequently, their survival rate in circulation.
This is a replica. The originals were printed in Unionville, now known as Union, South Carolina — a small inland town with no commercial printing infrastructure comparable to Charleston or Columbia, which accounts for the crude typography found on authenticated examples.