CIRCULATION OF THE STATE BANK OF IOWA

 

Paper Money Research Sponsored by Eric P. Newman Numismatic Education Society

Recently published by Dr. James Ehrhardt, Circulation of the State Bank of Iowa investigates paper money issued under the State Bank of Iowa system in the 1850s and 1860s. The state authorized 15 branches, and Ehrhardt explores the various currency issues produced by these individual branch banks, which operated under the governance of the State Bank. With a redemption rate approaching 100%, few examples survive, and Ehrhardt has produced a census of 72 examples. Ehrhardt cast a wide net, exploring archival bank ledgers, private collections, and related items in the State Historical Society of Iowa.

This article is available on Newman Portal, and also appeared in the March-April 2022 edition of Paper Money, the journal of the Society of Paper Money Collectors. Ehrhardt's research was sponsored in part by a Newman Grant from the Eric P. Newman Numismatic Education Society (EPNNES). Applications for Newman Grants for 2022 are now being accepted, through April 15, with awards to be announced on May 25, coincident with Eric P. Newman's birthday.

Image: Uncut currency sheet issued under the State Bank of Iowa system, from the State Historical Society of Iowa

Link to Circulation of the State Bank of Iowa on Newman Portal:
https://nnp.wustl.edu/library/publisherdetail/521016?Year=2022

Link to 2022 Newman Grant Application:
https://nnp.wustl.edu/library/archivedetail/530553?Year=2022&take=50

 

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