Brookline, NH, Townsend Bank 1864 Three Cent Note, PMG64-EPQ, 228
Brookline, New Hampshire, Townsend Bank 1864 Three Cent Cashier's Note, Very Choice New, PMG64-EPQ, Low Serial Number 228.
This neat little fractional note, dated on the 4th of July, 1864, was payable to the bearer in the amount of three cents when presented to the the bank in quantities of even dollars. We presume to compensate for a shortage of coins. We also presume that a fair number were unredeemed due to that requirement. Enough have survived so that examples are occasionally available for purchase, although they are almost never found in this degree of preservation.