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MS. The City of Natchez, 1862, Intriguing 10 Cents Issued Obsolete Scrip Note Payable in Confederat

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:350.00 USD Estimated At:600.00 - 800.00 USD
MS. The City of Natchez, 1862,  Intriguing 10 Cents Issued Obsolete Scrip Note Payable in Confederat
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Natchez, Mississippi. City of Natchez Municipal Scrip Note, Ten Cents (10 Cents). Unlisted municipal issue. Issued municipal fractional currency note payable to bearer on demand, denominated Ten Cents, with redemption text indicating acceptance in "Current Funds" crossed out and written in red ink "Confederate Bills", the City was under Union control in July of 1862; printed in black ink with green denomination lettering on thin paper, featuring ornate typographic borders, large “10” denomination counters, and engraved vignettes including a female allegorical figure at left and a sailing vessel at right. The note bears a handwritten serial number 136 and period manuscript signatures. The reverse is blank, as issued. The condition ranges from Choice Fine to VF condition, with folds, light soiling, and age toning consistent with circulation. Printer imprint visible at bottom margin reading Rawdon, Wright & Hatch, New York. The red manuscript alteration striking “current funds” and substituting “Confederate Bills” represents a period clarification of the redemption medium rather than a new issue. Although Natchez was under Union control in 1862, Confederate notes continued to circulate locally for everyday transactions, and existing municipal scrip was often modified by hand rather than withdrawn and reissued. Such practical manuscript changes are consistent with documented Civil War–era municipal currency practices and reflect economic conditions at the time, not political authority. Only one other note could be found offered at auction and that was in 2020 at Heritage where it sold for $1200 + BP.