1862 Quincy & Ward Rumney NH 50 Cents Merchant Scrip - Uncirculated Remainder - Rumney New Hampshire Fifty Cent Remainder Merchant Note

This listing is for the photographed 1862 Quincy & Ward 50 Cents Rumney NH Obsolete Merchant Scrip Remainder Note. This is a remainder note, meaning that it was never circulated, as identified by lack of signature and serial number. The note was printed for the merchant Quincy & Ward in Rumney, NH on December 1st, 1862. A vignette of farming tools and a bundle of hay is printed in the upper right corner of the note. Uncirculated (UNC) grade/condition, no signs of circulation, crisp note! Interesting and rarer obsolete note in excellent condition! Must have for any collection! LaFond R5 rarity. 

This scrip note would be used similar to a modern-day coupon, giving the customer a discount of the determined amount off of their purchase of more than 1 dollar at the merchant's store. Scrip notes were popularly used during the Civil War and the aftermath of the economic panic of 1857 in an attempt to boost sales for local businesses. 

Samuel Hatch Quincy and Abraham Ward opened the country store Quincy & Ward located in the Rumney Depot in Rumney, New Hampshire in 1861. The store sold hardware, groceries, dry goods, spices, coffee, tea, and several other goods for the local community. After the Civil War Abraham Ward left the store to return to farming, and Quincy continued successfully running the business into the 1870s. After closing the store Quincy and his family moved to Lancaster, Massachusetts, where he remained until his death in 1903. 

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1862 Quincy & Ward Rumney NH 50 Cents Merchant Scrip - Uncirculated Remainder - Rumney New Hampshire Fifty Cent Remainder Merchant Note