The is a very rare 1862 scrip issued by the State Bank of Michigan in Detroit, valued at ten cents. This circulated note has been certified by PCGS Banknote Grading as VG10, indicating it is in very good condition. The certification number is 52756670. This historical piece of paper money originates from the United States and would be a unique addition to any collection of Confederate currency or US paper money… but also fits the collector looking for bank issued currency.

Only 1 note has been graded by PCGS.. This is it.

Similar rare state bank issued notes have comps $400 to $500 range.

Last known sale was a lot of State Bank of Michigan Heritage Auction 2013 — If you’re looking for rare State Bank of Michigan fractional currency during the civil war — this is your listing.

An 1862 State Bank of Michigan (Detroit) 10 Cents scrip note, graded PCGS VG10, is a rare piece of Civil War-era obsolete currency.

These notes, often called "shinplasters," were issued locally due to coin shortages.

Type: Obsolete Banknote / Merchant Scrip.

Issuer: State Bank of Michigan, Detroit.

Date: 1862.

Denomination: Ten Cents (10 Cents).

Grade: PCGS VG10 (Very Good).

Context: Similar 1862, 10-cent scrip notes from this era often feature portraits or bank vignettes, serving as a substitute for federal coins.

This one is of George Washington — making this script particularly attractive.