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1 Dollar - Bank of Quincy
| Issuer | Bank of Quincy |
|---|---|
| Year | |
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| Size | 169 x 82 mm |
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| Obverse description | Central vignette of a Native American hunting a bull, flanked by guilloche medallions at upper left and lower left bearing numeral "1" and a seated eagle respectively. A bust portrait of a young child occupies the lower right. Bold letterpress legends run across the centre with the bank name and denomination. |
|---|---|
| Obverse lettering | ONE - State of Illinois - 1 The Bank of Quincy One Dollar Quincy |
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| Comments |
The Bank of Quincy was a Michigan territorial bank chartered in the 1830s, operating during the wildcat banking period when hundreds of poorly capitalized institutions issued notes far exceeding their specie reserves. Michigan's 1837 General Banking Law briefly opened the floodgates before the state moved to shut down insolvent institutions — many of which had strategically placed their redemption offices in remote locations to discourage note holders from ever collecting. Whether the Bank of Quincy was among the more solvent operators or one of the more cynical ones remains a matter of the historical record for that specific charter.