RARE 1933 Territory Of Hawaii $1 Honolulu Clearing House Certificate, ONE DOLLAR

Description: Honolulu Clearing House CertificateAt midnight, Sunday, March 5, 1933, after a late night meeting with his cabinet, President Franklin D. Roosevelt made a momentous proclamation that there be a "bank holiday" for institutions in the United States, territories and insular possessions to suspend all banking transactions. The drain upon the stock of coin, bullion, and currency and the speculation in foreign currency created a national emergency. A provision of the proclamation authorized the issue of "clearing house certificates" of small bills suitable for paying transactions but not convertible into cash. The Honolulu Clearing House Association was immediately formed comprising of all Banks in Hawaii. One, five and ten dollar certificates, backed by deposits of secure collateral, were hurriedly printed in Honolulu,and these were flown by Army planes to the outer islands on Saturday, March 10 at 5:30 A.M. just in time for limited use on that day. By Monday, March 13 banks were able to resume business on a nearly normal basis.Banks throughout the nation opened a few days after the "holiday" but under strict guidelines to prevent the foreign raid on the American dollar. The certificates by the Territory of Hawaii as well as mainland states were short-lived and soon redeemed at face value. Virtually all were turned in and are very scarce today. Redeemed notes are cancelled by perforation.Obverse: Same common border for all denominations, except for corner numeral. Different center design, and a different pair of biplanes for each denomination. One biplane on each side of center design. Center design, two biplanes and border printed on a different pale background color for each denomination. With HONOLULU CLEARING HOUSE CERTIFICATE with denomination spelled out, two lines of italic, signatures of E.W. Carden, Secretary, George P. Rea, Vice-President, etc. printed in black. Serial number in red.Reverse: Common design with large numeral denominations in center and smaller numerals in each corner in one background.You can purchase 1 item or 40. As long as they are paid for as ONE payment, the shipping charge will be the highest indicated for any single item purchased. TO RECEIVE THE SHIPPING DISCOUNT (sorry, available only to U.S. Buyers), YOU MUST FIRST ADD ALL ITEMS TO YOUR CART THAT YOU WISH TO BUY, THEN REQUEST A TOTAL FROM US. WE WILL THEN ISSUE A COMBINED INVOICE SO YOU CAN RECEIVE THE SHIPPING DISCOUNT. Please look at the pictures and grade condition for yourself. All of our items are guaranteed to be 100% authentic and we offer full refunds if you do not like what you receive. Please email us before leaving anything other than POSITIVE FEEDBACK. PLEASE LET US CONTINUE TO EARN YOUR REPEAT BUSINESS. Buy with confidence. See our 100% Positive Feedback! We highly value all of our clients on eBay and we will ALWAYS make sure you are happy with your transaction. Payments must be received within 7 days of auction closing or eBay will place Unpaid Item case on your account. International buyers will be responsible for all customs duties and all packages will be declared at full value. Thank you for looking!

Price: 174.99 USD

Location: Charleston, South Carolina

End Time: 2024-10-21T13:21:33.000Z

Shipping Cost: 4.29 USD