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<p>[QUOTE=&quot;MEC2, post: 3075655, member: 38692&quot;]Miles - no, it refers to the guarantee of the note, early issues were Cotton Pledged, meaning the value of the notes was backed by proceeds of cotton sales. Later notes are stamped Faith of the State Pledged - this is the pinky swear, meaning, basically, Scouts honor, we&#039;ll back this note... with something. Note there is nothing related to the hostilities between the Confederacy and Union affecting payment of the notes, like on Confederate notes where it&#039;s basically a promise to pay in hard money once the South wins the war. That was a wait for a train that didn&#039;t come...</p><p><br /></p><p>Speaking of waiting, no more waiting on my next pickup. This snazzy obsolete $5 from Allegany County Bank in Cumberland, MD. Great design by ABNCo, these notes often have mining depictions, being in country where that really mattered. Red overprint and alot of top notch engraving makes this note a winner...</p><p><br /></p><p>[ATTACH=full]773597[/ATTACH][/QUOTE]</p><p><br /></p>

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