Wednesday, August 22, 2018

Worthless Currency?


This is a $20.00 bank note dated July 1862, the same month Union forces occupied Helena without a fight.  Not quite the rage back then when real gold and silver coins were the current staple of the day.

It is drawn on the Exchange Bank of Helena and was probably worthless the very day it was issued by the bank.

The man in picture is U.S. President James Buchanan. You have to wonder why palm trees and a freight locomotive were chosen for a graphic since none existed in Helena.

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