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Deseret Currency


The Deseret Currency Association was unique in that its notes were backed by livestock. Land or real estate could not be used to back the notes as the United States did not recognize land titles in Utah Territory until 1869. The Deseret Currency Association provided another local circulating medium of exchange and justifiably could be regarded as Utah's first banking institution.

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Deseret Currency 1 Type 2 PCGS Ch About New 58PPQ
Deseret Currency 2 Type 2 RRC F Details Damaged and Repaired
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