19th Century $3 Bills From Private Banks

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Author	Replies: 3 / Views: 2,672
tmor Valued Member United States 159 Posts	Posted 04/19/2007 09:22 am I have in my collection a couple of $3.00 bills issued by private banks in the 1800's. I know little or nothing about these notes. The first was issued by the Somerset and Worcester savings bank in Maryland in 1862. (I also have a $1, $3, & $5 set from the same bank all 1862) In addition I have a $3.00 bill from the Agawam Bank in Springfield Mass. from 1841. Any information regarding these notes would be appreciated. Thanks! *Edited by Forum Dad to fix broken images* Edited by tmor 04/19/2007 11:37 am Report this Post to the Staff

gatzdon Valued Member United States 280 Posts	Posted 04/19/2007 11:28 am Sorry I don't have any insight on the pictured note, but when I read that title, I first thought of those novelty $3 bills. Is it possible to update the title to make it more searchable for future reference in case someone does post good information about your note? Report this Post to the Staff
tmor Valued Member United States 159 Posts	Posted 04/19/2007 11:45 am Hey Gatzdon! I edited the title, and you're right, I overlooked the obvious novelty aspect. The only thing I know about these notes is private banks sometimes issued strange denominations to discourage counterfeiters. I'm not sure of the logic behind it or where I read that. It was years ago, perhaps Coins Magazine or Numismatic News? Report this Post to the Staff
gatzdon Valued Member United States 280 Posts	Posted 04/19/2007 12:45 pm Funny thing I remember reading was that during the american revolution, one of the ways that the british tried to thwart us was by counterfeiting our paper money. What I thought was funny was that it was stated that the british counterfeits were of a better quality than the original. Don't know how much truth there was to that, but of all the 18th, early 19th century currency I've seen, I wouldn't doubt it. A Google Search turned up an auction with several examples of your note listed. http://64.233.167.104/search?q=cach...k&cd=3&gl=us There are some nicer pictures there. Look for "MD-1862- $3 SOMERSET & WORCESTER, SALISBURY, MEN WORK CT., WOMAN W/FLOWER RT." down the page. Shame they don't have any catalog numbers that would point you to a book to check out at the library. Report this Post to the Staff
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