City of providence one cent

Alex1176

Hello,
I just found this note in a lot that I got. I'm more world notes collector, and I will be happy if somebody can tell me what is this note.
note
Thanks

garrynot

Possibly a coupon to an 1854 bond out of New York.

cinch

These one cent notes were labels from bottles of Perry Davis & Son Painkillers. I believe they come in three different sizes. Yours, like mine, is dated January 1, 1854.



Here is a good article about Davis.

DanCong

great info, always learn something around here

Alex1176

Thank you very much, very interesting!
Why would they put this kind of label on a bottle of a pain killer?

techwriter

A discount is a discount; everybody love a coupon. Besides, probably generated more sales with it than without it.

sellitstore

This was neither a discount nor a coupon. The obligation reads exactly as a merchant scrip note. From Perry Davis, they come in three sizes, each used on different sized bottles. They are nearly always damaged or stained to some degree from being glued to a bottle. Alex1176's example is unusually nice quality and looks like it maybe a proof, which would account for it's lack of use. They are very rarely found intact and attached to bottles, as cinch's example.




Hostettler Bitters issued a similar 1 cent note at about the same time and also used it as a label, but it technically an obsolete scrip note.

Alex1176

Thank you.
What do you think the value of this note?
Thanks

sellitstore

$25-$50.