357
Bank of the State of South Carolina (Charleston, SC) 10¢ Feb. 1, 1863 G90e Grades xf
Currency:USD
Category:Coins & Paper Money
Start Price:14.00 USD
Estimated At:25.00 - 100.00 USD
SOLD
25.00USDto floor+ buyer's premium
This item SOLD at 2020 Nov 11 @ 23:58UTC-05:00 : EST/CDT
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Bank of the State of South Carolina (Charleston, SC) 10¢ Feb. 1, 1863 G90e Grades xf. From 1790 to 1863, states and private banks issued their own currency to supply capital in a young nation without a national currency. This currency was backed by the hard money the banks had on deposit, and was only used locally where the bank and its operators were trusted in the community. However, banks often oversupplied notes, and this overextension caused bankruptcy among private and state banks when financial panic struck, particularly in 1837. Currencies from these failed banks are known as “obsolete bank notes” or “broken bank notes,” and several are held in the National Numismatic Collection.
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Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
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