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All Forums Category: US Coins and Currency Forums Forum: US Paper Money and Banknotes

Fractional Company Note

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Greg F
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United States
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 Posted 06/07/2014  5:57 pm Show Profile   Bookmark this topic Add Greg F to your friends list Get a Link to this Message Number of Subscribers
This isn't US currency, but I don't know where else to put it. At one time I had 3 of these in different denominations but this is the only one that I kept.



Fractional-Company-Note
Buddy
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United States
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 Posted 06/07/2014  6:11 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
That's an interesting item. Do you know what state and city it came from?
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Greg F
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United States
34 Posts
 Posted 06/07/2014  6:13 pm  Show Profile   Bookmark this reply Add Greg F to your friends list Get a Link to this Reply
Marion, New Jersey
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MeadowviewCollector
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United States
4409 Posts
 Posted 06/07/2014  7:38 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
I think this is called company scrip.

From the writing on the note, it seems probable that these were given to employees to spend at the locations mentioned who then in turn redeemed them on the company's pay days.

Is the other side blank or the same as the photo you have up?

-MV
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Greg F
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 Posted 06/07/2014  7:55 pm  Show Profile   Bookmark this reply Add Greg F to your friends list Get a Link to this Reply
Reverse is blank.

Yes, these were given to employees in place of real money. The Company in question (United States Watch Co. of Marion) was always short of cash and the places where the note could be spent were Company facilities.
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Joe2007
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 Posted 06/07/2014  11:37 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Neat!
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All Forums Category: US Coins and Currency Forums Forum: US Paper Money and Banknotes



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