148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
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LOT 4059:
May 1 1934 $1 Depression Scrip, City of Long Branch NJ Grades NG. Depression scrip was a product of the Great ...
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Sold for: $10
Start price:
$
5
Estimated price :
$25 - $100
Buyer's Premium: 18%
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May 1 1934 $1 Depression Scrip, City of Long Branch NJ Grades NG. Depression scrip was a product of the Great Depression, a result of rampant bank closures and civilian bank runs causing a lack of circulating currency in the early to mid 1930s. In order to plug the gap, local currencies came into significant circulation again for the first time since the civil war (and prior to that, the colonial era). Hundreds of forms of depression scrip existed, in both paper currency and circulating coins/tokens. They could be issued by municipalities, county governments, corporations or banking institutions.
