{"product_id":"1800s-bank-of-bennington-10-dollar-obsolete-note-vermont-obsolete-currency-unissued-remainder-1800s-bennington-ten-dollars-banknote-copy-1","title":"RARE 1850s West River Bank 10 Dollar Obsolete Note - Jamaica Vermont Obsolete - Unissued Remainder - 1800s Jamaica Ten Dollars Banknote","description":"\u003cp\u003eThis listing is for the photographed 1850s West River Bank 10 Dollar Jamaica Vermont Uncirculated Remainder Obsolete Banknote. No date or signatures, unissued remainder note. The vignettes printed on the obverse side of this note depict an allegorical woman holding a trumpet and olive branch, representing fame spreading the message of peace posed next to a pillar with various Vermont town names, and a bald eagle and allegorical liberty on the left end, an allegorical fame and a cherub flanking a portrait of George Washington at the center, and a carpenter at the right end chipping a block of wood. This is an earlier note issue, as it does not feature red colored text underprinted at the lower center like later issues. Beautiful design! Almost Uncirculated (AU) grade\/condition. Excellent find for notes of this age! Great piece of local New Hampshire history!\u003c\/p\u003e\n\u003cp\u003eThe West River Bank was chartered in 1853 with a capital stock of 2000 total shares at $50 per share. They began operations the next year in Jamaica, Vermont in 1854. The first banknotes were issued by the bank on July 20th, 1854 in $1, $2, $3, $5, $10, $20, and $50 denominations. They continued in operation as a local private bank until August of 1865 when it was reorganized as The West River National Bank under the National Banking Act of 1865. \u003c\/p\u003e\n\u003cp\u003eObsolete bank notes are also called \"broken bank notes.\" In the days prior to the Federal Reserve, any bank could produce currency for use by the clients and members of the community. Unfortunately, not many safeguards were taken to ensure that banks stood behind the currency they were producing and circulating. Banks, more often than not, failed and their currency was rendered worthless. As a result, most bank notes of the period did not trade at their full retail value. Oftentimes notes were worth 50 cents on the dollar because the public expected the banks to fail.\u003c\/p\u003e\n\u003cp\u003eThanks so much for stopping by!\u003c\/p\u003e\n\u003cp\u003eRARE 1850s West River Bank 10 Dollar Obsolete Note - Jamaica Vermont Obsolete - Unissued Remainder - 1800s Jamaica Ten Dollars Banknote\u003c\/p\u003e","brand":"Treasure Hunter Co","offers":[{"title":"Default Title","offer_id":67579831517481,"sku":"OC-VT-WRB-1800s-10D","price":245.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/1540\/3049\/files\/IMG_9369.jpg?v=1791407622","url":"https:\/\/treasurehunterco.com\/vi\/products\/1800s-bank-of-bennington-10-dollar-obsolete-note-vermont-obsolete-currency-unissued-remainder-1800s-bennington-ten-dollars-banknote-copy-1","provider":"Treasure Hunter Co","version":"1.0","type":"link"}