America's Ever-Changing MoneyPre-Civil War Money (1791-1860)

State Banks' Notes

Until the creation of the national banking system in 1863, banks chartered by the states issued their own notes that circulated as currency. However, state bank notes were not always accepted at face value everywhere in the country. Newspapers and pamphlets regularly published information listing how much of a discount to apply to notes issued by various banks.

State Bank Note: $1 Note from The Beverly Bank
State Bank Note: $5 Note from the Central Bank of Pennsylvania