Scrip describes a wide variety of notes that were typically issued out of a sudden economic need. During the American Civil War, a large amount of scrip was issued by merchants who could not obtain silver coins in order to make change for their customers purchases. This was particularly acute during late 1862, when uncertainly concerning the outcome of the war resulted in hoarding of gold and silver coins. Merchants issued scrip to accommodate the need for change.
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Obsolete Notes
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