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50¢ Change Notes from Ohio 1819
change notes ohio


 
One dark and stormy night in 1819, a small band of local hoodlums broke into the offices of Ezra Griswold, a tavern owner and entrepreneur in the Ohio frontier town of Worthington. The crooks used Griswold’s own printing press to run off a batch of private scrip notes. Griswold decided to replace his original series of scrip notes with an entirely new issue of high quality notes, ordered from the prestigious Philadelphia engraving firm of Murray, Draper & Fairman. His order specified 50¢, 25¢, 12.5¢ and 6.25¢ denominations. The unusual denominations were needed because coins were rarely encountered on the frontier. Change notes circulated along with a small supply of Spanish eight reales and other assorted foreign coins and tokens. Each eight reales equaled one U.S. silver dollar. Two reales, or “two bits” were equivalent to a U.S. quarter dollar. One bit equaled twelve and a half cents. The Niles Register at the time stated that Griswold had over $25,000 worth of notes at the height of his career. Nearly 170 years later the notes showed up at the American Numismatic Association Convention in Pittsburgh, in the hands of an Ohio dealer. We were fortunate to purchase a small quantity of these 50¢ notes at a favorable price and can pass the savings on to you.
Our Lowest Price: $9.95


Product Code: 149


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