Maryland Port Deposit 1830s $20 Remainder Susquehanna Bank MD280-G12 UNC

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  • Product ID: 33739
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  • Description:

    The Maryland Port Deposit $20 Remainder from the 1830s, issued by the Susquehanna Bank, is a notable piece of early American banking history. This specific note is a remainder, meaning it was never actually issued into circulation but rather kept as a specimen or for record-keeping purposes. Such notes are prized by collectors due to their historical significance and pristine condition. The Susquehanna Bank, located in Port Deposit, Maryland, played a role in the early banking system of the United States, and this note represents a fascinating artifact from that era.

    The Susquehanna Bank was chartered in the early 19th century and served the financial needs of the community in and around Port Deposit, a small town in Cecil County, Maryland. The bank's establishment was part of a broader movement during this period to create a more structured and reliable banking system in the United States. The note itself, dating from the 1830s, reflects the economic environment and banking practices of that time. It serves as a reminder of the early efforts to standardize currency and establish banking institutions that would support economic growth in the young nation.

    The design of the Maryland Port Deposit $20 Remainder note is a testament to the artistic and practical considerations of early 19th-century American banknotes. The note features intricate engravings and a layout that reflects the style and security features of the period. The central motif often includes elaborate vignettes and ornate borders, showcasing the craftsmanship of the engravers who produced these notes. The bank's name, "Susquehanna Bank," is prominently displayed, along with the denomination of $20. The note's design also includes various security elements, such as intricate patterns and perhaps even specific engravings or signatures, intended to prevent counterfeiting and ensure the note's authenticity. The overall aesthetic is reflective of the era's attention to detail and artistry in currency design.

    The minting of this note was not done in the traditional sense of coin minting, but rather through the process of printing and engraving. The process involved creating plates for the banknote and carefully printing each note to ensure high-quality reproduction of the intricate designs. Since this particular note is a remainder, it was not part of the general circulation but was preserved in its original condition, which is a significant factor in its current value. The note’s condition as Uncirculated means it has been preserved in pristine form, with no signs of wear or handling that would typically occur in circulation.

    The mintage of this specific $20 Remainder note is inherently limited due to its status as a remainder. Remainder notes are typically kept as specimens or for archival purposes and are not part of the general issue released to the public. As a result, they are often much rarer than notes that were actively circulated. The scarcity of these notes contributes to their desirability among collectors, as they represent a unique aspect of early American banking history that is not commonly available in the marketplace.

    The condition of the Maryland Port Deposit $20 Remainder note is a crucial factor in its value and appeal to collectors. As an Uncirculated note, it remains in excellent condition, with all of its original details and features intact. Uncirculated notes are highly sought after for their pristine appearance, which is a testament to the care taken in preserving them over the years. The absence of creases, folds, or other signs of wear makes this note particularly valuable to collectors who seek high-quality examples of early American currency.

    In summary, the Maryland Port Deposit $20 Remainder from the 1830s is a significant historical artifact that provides insight into early American banking practices and currency design. Its status as a remainder, combined with its pristine Uncirculated condition, makes it a prized item for collectors and historians alike. The note's detailed design and historical context contribute to its value, making it a valuable addition to any collection of early American banknotes.

  • Details:
    • Denomination: N/A
    • Year: 1830
    • Diameter: N/A
    • Mint Mark: N/A
    • Thickness: N/A
    • Grade: N/A

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