Navy Ithaca

[TerryS]

Prior to us having a national currency, ca 1862/63, private, regional and state banks issued currency. The $3 bill was very common.

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[Johnny Peppers]

Prior to us having a national currency, ca 1862/63, private, regional and state banks issued currency. The $3 bill was very common.

True, but the privately issued currency was noted for being unreliable. If the issuer went busted, burned down, or just left town, the currency was worthless.