Commems Collection Currency: 1872 SC Revenue Bond Script: $1 To $5

Though certainly not among obsolete currency's rarities, the engraved 1872 South Carolina Revenue Bond Script notes make for a very attractive set that clearly showcases the skills within the American Bank Note Company (ABNCO) at the time. I recently completed my set with the purchase of the $2.00 note and thought I'd share the attractive set with CCF.

SC intended to issue these notes to "relieve the State of South Carolina of all liability for its guaranty of the bonds of the [failed] Blue Ridge Railroad Company by providing for the securing and destruction of the same" as seen on the back of each note. Unfortunately for the state, a second, identical but fraudulent order for the notes was placed with ABNCO and was delivered to an unauthorized party. When the state government became aware of this attempt to defraud the public, they made the decision to withhold the 1872 issue â€" the notes were never circulated by the State of South Carolina.

That's the reason why nearly all of the available notes found today are in uncirculated condition. They have been cut from original, unissued sheets of four notes and sold to collectors.

Here are my $1.00, $2.00, and $5.00 notes. In the next day or two, I'll post images of my $10.00, $20.00 and $50.00 notes that complete this set.