Buffalo Bucks (currency)
Buffalo Bucks are a local currency that circulate in the Western end of New York State. The main hotspot for the circulation of this currency is in the city of Buffalo, and in its neighboring town, Clarence. Launched under a different name, the Buffalo Bucks formed with assistance with the community of WNY. Backed in silver and gold, and redeemable in such, the notes are issued to create economic development in WNY.
How It Works
The notes are entered into circulation via local outlets, or by being purchased at a 10% discount, allowing the user to make 10 cents per dollar upon using them to reimburse individuals and businesses for products/services. The notes are backed in silver & gold to provide stability, and are redeemable in such.
Designs & Denominations
The notes are printed in denominations of $1, $5, $10, $20, $50, and $100. The designs are symbolic of the history of Western New York, and are designed by Lost Hoodlum Publishers with collaboration from Hurley Numismatics, based off the Brixton Pound design and the Berkshare design.
- One Dollar Note - Shows F. Scott Fitzgerald, ten-year resident of Buffalo, on the front. On the back is Belhurst Castle, on the coast of Lake Geneva at the tip of Western New York.
- Five Dollar Note - Shows Mark Twain, thirteen month resident of Buffalo, on the front. On the back is the Lafayette Hotel in downtown Buffalo.
- Ten Dollar Note - Shows Red Jacket, Buffalo based Native American chief, on the front. On the back is a snowy Clarence landscape.
- Twenty Dollar Note - Shows Asa Ransom, first resident of Clarence, on the front. On the back is the Asa Ransom house, in the heart of Clarence.
- Fifty Dollar Dollar Note - Shows William Fargo, founder of Wells Fargo and past resident of Buffalo, on the front. On the back is the Darwin Martin house in downtown Buffalo.
- One Hundred Dollar Note - Shows William McKinley, president of United States (from 1897–1901), on the front. He was assassinated in Buffalo, ending his presidency. The back showcases a photograph of the 1901 Buffalo Pan American exposition, where McKinley was slain.
- One Thousand Dollar Note (Reserve Purposes) - Shows Millard Fillmore, president of United States succeeding the short lived Zachary Taylor. He was born in Buffalo, and a hospital in the city is named after him. The back has a photograph of Morgan silver dollars on it.
The purpose of the Buffalo Bucks is to strengthen the local economy of Western New York, and to create collaboration among residents. The notes are not intended to overthrow the United States dollar, but instead to foster trust between businesses and between residents of the WNY community.
The designs shown on the notes are symbolic of Buffalo and Western New York. However, the basic layout is based off several currencies, notably the Brixton Pound, the Swiss Franc, and the Berkshare. The infrastructure of the notes (allowing them to be redeemed for silver) is based off the American Silver Certificates, printed federally from 1886-1963 (redeemable until 1968).