{"product_id":"ohio-bank-of-granville-alexandrian-society-5-wildcat-banknote-1839-united-states-of-america","title":"Ohio, Bank of Granville Alexandrian Society, $5 \"Wildcat\" Banknote - 1839 - United States of America","description":"\u003cp\u003e\u003cstrong\u003eIncludes archival-grade plastic banknote sleeve for protection.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 7 x 3 inches\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuer:\u003c\/strong\u003e Bank of the Granville Alexandrian Society (info here)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Location:\u003c\/strong\u003e Granville, Ohio\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eDate:\u003c\/strong\u003e July 9th, 1839\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp dir=\"ltr\"\u003eWildcat banknotes are a relic of the Free Banking Era from 1836 to 1865, during which the United States had no central bank. Only banks chartered by individual states existed at this time, many of which were short lived.\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003eDue to the lax state regulations on banking, the average lifespan of banks during this period was only about five years, with half of them failing. These banks printed notes that were redeemable for legal tender currency, but many printed far more than they were able to cash out at a given time. The practice became known as \"wildcat banking,\" and was the reason behind a third of all bank failures during the Free Banking Era.\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003eThe Bank of the Granville Alexandrian Society notably failed twice, once in 1817 and again in 1839.\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cstrong style=\"font-size: 0.875rem;\"\u003e\u003cspan class=\"JsGRdQ\"\u003eAll purchases include a Certificate of Authenticity. You will receive the exact item in this photo.\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e","brand":"History Hoard","offers":[{"title":"Default Title","offer_id":53107331957047,"sku":"wpr1791343678206","price":31.59,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0934\/6731\/2439\/files\/ohio-bank-of-granville-alexandrian-society-5-wildcat-banknote---1839---united-st_1.png?v=1791343684","url":"https:\/\/www.javellora.com\/products\/ohio-bank-of-granville-alexandrian-society-5-wildcat-banknote-1839-united-states-of-america","provider":"My Store","version":"1.0","type":"link"}