The United States and its currency seem inseparably linked, but for much of the country’s history, an official, standardized U.S. dollar didn’t exist. In its place was a Wild West of currencies from competing banks located across several states. In their zeal to earn goodwill and customers, a few of these institutions even minted some rather creative banknotes. These bills didn’t feature the chiseled visage of General Washington or other real-life American leaders, but instead the pudgy, bearded face of St. Nick, among other figures.
For the St. Nicholas Bank of New York City, featuring the bank’s namesake on its currency made some sort of sense. But other banks, seemingly unaffiliated with Father Christmas, also issued Santa money. For example, the Howard Banking Company issued its Sinter Klaas
note in the 1850s, which depicted a St. Nick scene from Dutch legend. A total of 21 banks in eight states created notes featuring Santa Claus, with seven of them even printing an entire Santa Claus vignette on their currency. These fun funds came to an end in 1863, when the National Bank Act created a national currency in an effort to standardize banking throughout the U.S. While these Santa bills are now considered “obsolete,” the notes remain highly prized in certain collecting circles and are doing much more than just ho-ho-holding their value.
Media Release/InterestingFacts.com
