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- MMN #104267
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Description
The Lincoln County Bank in Wiscasset issued $3 bills in the early 1800s. Before Abraham Lincoln passed the National Banking Act, banks were under state charter and were able to issue their own currency. The currency was usually backed by gold or silver and aimed to facilitate local trade. After the act was passed in 1860, banks went under national charter, and these bills became obsolete.
Transcription
About This Item
- Title: Three-dollar bank note, Lincoln County, ca. 1802
- Creator: American Bank Note Company
- Creation Date: circa 1802
- Subject Date: circa 1802
- Location: Wiscasset, Lincoln County, ME
- Media: Ink on paper
- Dimensions: 7.5 cm x 17.5 cm
- Local Code: Coll. 1, Box 20/5
- Collection: William D. Patterson papers
- Object Type: Text and Image
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Maine Historical Society485 Congress Street, Portland, ME 04101
(207) 774-1822 x230
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