1862 State Capital Bank 50 Cents Merchant Scrip Note - Unissued Remainder - New Hampshire Obsolete - 1862 Concord NH Fifty Cent Banknote

This listing is for the photographed 1862 State Capital Bank 50 Cent Unissued Merchant Scrip Remainder Note. Printed in Concord, New Hampshire on November 1st, 1862. This note was unissued, as identified by its lack of a signature and serial number. Crisp Uncirculated (UNC) grade/condition, no signs of circulation! Great find with an incredibly interesting history!

The State Capital Bank itself, located in Concord, New Hampshire, did not issue these fractional merchant scrip notes. Rather, they were likely printed and distributed by local banknote printers to merchants and other local companies in the city for use among their customers. These scrip notes were much like modern day coupons, where customers could get a discount of the denomination listed on the note when it was produced upon a purchase at the issued store. Individual companies would sign and issue these notes with their companies name visible on the note to make it easier to determine where the scrip note was valid. Once the scrip note was used upon purchase at the issued store, the denomination of the note was subtracted from the buyers purchase and those funds would be taken out of the store's account at the State Capital Bank, hence why the bank's name was prominently displayed on the note. Many of these unissued remainders were found in the storage of these local merchant stores upon their closing, but it is impossible to know where these notes came from as they were unissued. Some of the many businesses who were known to have issued these notes during their operation were Alison & Eastman, Peter Trooks & Co., Gust. Walker, and C. C. Webster. 

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1862 State Capital Bank 50 Cents Merchant Scrip Note - Unissued Remainder - New Hampshire Obsolete - 1862 Concord NH Fifty Cent Banknote