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State of South Carolina Columbia

Today, the U.S bureau of Engraving and Printing is responsible for the production of all United States Paper Currency . Prior to the formation of the Bureau of Engraving and Printing, many banks issued their own notes. One of the most notable is the Bank of the State of South Carolina. The Bank of the State of South Carolina had an intriguing history. The remaining obsolete bank notes from it, appeal to many collectors.

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History of the BSSC

The Bank of the State of South Carolina is also referred to as BSSC. This bank was formed in 1812 and was formally dissolved in 1868. The Civil War and the bank’s support of the Confederacy contributed to its ultimate failure.

During the early 1800s the BSSC was quite successful. It was known for lending to both individuals and businesses.

Like many other banks of that era, the BSSC printed its own notes. However, they were recollected on a mass scale following the closing of the bank by means of an exchange program.

The notes that were collected through the exchange program were to be destroyed, but many of them never were. Some of these obsolete notes from the Bank of the State of South Carolina can be found on the market today.