550

WA. Tacoma Clearing House Association, 1907 Issued Panic Currency Banknote

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:200.00 USD Estimated At:325.00 - 500.00 USD
WA. Tacoma Clearing House Association, 1907 Issued Panic Currency Banknote
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Tacoma, Washington, 1907. $1 Issued Panic currency from the Tacoma Clearing House Committee, S/N 13482, Black printing. VF condition. This certificate was issued due to the Panic of 1907, a financial crisis caused by a significant drop in the New York Stock Exchange and a subsequent run on banks. Clearing House Certificates such as this would be issued in place of paper money due to the crisis.