Here's an interesting piece of U.S. currency history that was tucked away with some of my family's ephemera. It's a note measuring 5¾ inches by 2⅜ inches, with a value of
5 cents.
It's dated September 1, 1862, and the text states: "Twelve Months after date the City of Wilmington Will pay FIVE CENTS to bearer in current funds when presented in sums of One Dollar. No. 2962."
There are two signatures at the bottom and two sketches of mystery women.
This is
scrip, which is any substitute for legal tender. It was issued five months after the start of the Civil War, which went from April 1861 to April 1865. Coins were in severely short supply during the war. Many were hoarded because the metal used to make them had intrinsic value, and people had greater trust in coins than in paper currency. However, there was still a need for small change to keep the economy functioning, so these paper notes were created to take the place of pennies, dimes and nickels.
This one was never cashed in. So I reckon the City of Wilmington, Delaware, made a nickel off my family. Written at the top in pencil is Helen Simmons. Our family tree has a Helen Simmons Carey (1894-1957) and a Helen Gregg Simmons Chandler (1857-1913), the latter being my great-great-grandmother. I suspect this was hers, perhaps passed to her by her parents: Bauduy Simmons (1805-1882) and Ann Gregg Simmons (1811-1886).