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1837 25 Cent Greenfield Mills, MD - Frederick Town Branch Bank Scrip

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Description

25 Cents Greenfield Mills, MD - Frederick Town Branch Bank Scrip dated July 24, 1837. The 1837 issue of the Frederick Town Branch Bank scrip were a product of the “Citizen” office, the local Frederick Town newspaper. The serial number (134), date, and signature (Thomas I. Davis) were filled in by hand. The bank note is hammer cancelled.

“Scrip” is defined as paper notes issued by companies or private individuals as a temporary replacement for legitimate money. These notes were most often used in times of economic stress to alleviate a shortage of circulating money. The Panic of 1837 in the United States gave rise to a considerable amount of scrip. During the Panic of 1837, 343 of the 850 existing banks closed with an additional 62 that partially failed.

In the 1830s, Greenfield Mills was a thriving farm community, replete with its own bank which issued scrip for the use of its citizens. Little evidence of Greenfield Mills past exists today, except for the bank notes themselves.

Reviews

5 out of 5 stars
(4)
Reviewed by Justin Smith
5 out of 5 stars
Dec 4, 2017
Exactly as described. Will be a perfect and inspiring present to an unsuspecting relative. Fabulous find. Well packaged!
Vintage Photograph from J.F. Kreh (75 South Market Street, Frederick, Maryland)

Reviewed by Daniel Wabinga
4 out of 5 stars
May 22, 2017
Shipped on time. Very easy to work with the seller!
Signed Wallace Nutting "Whitsunday" Hand-Colored Photograph

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1837 25 Cent Greenfield Mills, MD - Frederick Town Branch Bank Scrip

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$35.00
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Overview

  • Vintage item from the 1800s
  • Material: Paper
  • Feedback: 4 reviews
  • Favorited by: 3 people
  • Gift message available

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From United States
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