United States 1933 — New Jersey, Borough of Palmyra Municipal Scrip Five Dollars Specimen (General Obligation)
This specimen represents an official municipal scrip issued by the Borough of Palmyra, Burlington County, New Jersey, Series of 1933, and denominated Five Dollars. It originates from the most acute phase of the Great Depression, when local governments faced severe liquidity shortages and were compelled to issue interest-bearing scrip to meet ordinary municipal obligations in the absence of sufficient circulating cash. Municipal scrip functioned as a direct acknowledgment of indebtedness by the issuing authority, intended for local circulation or settlement rather than long-term financing. ... Read more →
United StatesSpecimen19335 DollarsUncirculated Specimen Municipal ScripBorough Issued ScripGeneral ObligationInterest Bearing Instrument5 DollarsBrown Engraved NoteSpecimen OverprintSerial Number V0000Guilloche Security MedallionE. A. Wright Bank Note CompanySecurity PrintingDepression Era PrintingMunicipal Finance InstrumentGreat DepressionMunicipal Finance HistoryNew Jersey Monetary HistoryUnited States Fiscal HistoryUnited States1933New JerseyBurlington CountyPalmyraPick UnlistedMuseum GradeR9 Extremely RareUnique