Delaware’s national banknote history reflects a state steeped in colonial heritage, mercantile ambition, and financial innovation. As the first state to ratify the Constitution, Delaware transitioned from early state-chartered banks to a compact but influential network of national institutions. From the commercial blocks of Wilmington to the quiet towns of Smyrna and Milford, Delaware’s national banknotes tell a story of civic pride, economic resilience, and regional identity.

A Compact but Historic Network of Issuers

Between 1863 and 1935, 28 national banks across Delaware issued currency, spanning 21 towns and 3 counties. Early institutions like the First National Bank of Wilmington (Charter #473) and the New Castle County National Bank of Odessa (Charter #1281) helped anchor the state’s financial system during Reconstruction. Banks in towns such as Milford, Seaford, and Delaware City issued notes that circulated through general stores, shipyards, and rail depots—each bearing the signatures of local bankers and the imprint of their communities.

Currency as a Chronicle of Delaware Identity

Delaware national banknotes offer a vivid portrait of the state’s economic and cultural diversity. A $10 Series 1875 note from the First National Bank of Milford, signed by J.B. Smith and James M. Hall, exemplifies the elegance and rarity of early currency. Notes from banks in Frankford, Wyoming, and Smyrna reflect the state’s evolving industries—from agriculture and shipping to publishing and trade. With only about 1,000 Delaware national banknotes reported in collector circles, surviving examples are especially valued for their scarcity and historical significance.

Conclusion

Today, Delaware national banknotes are cherished artifacts of Mid-Atlantic finance and civic heritage. Whether issued in the shadow of Wilmington’s skyline or the quiet streets of a coastal town, each note is a tangible link to the people and institutions that shaped the First State. In the broader narrative of American currency, Delaware’s contribution stands as a testament to leadership, legacy, and local pride.