Cahaba  Money

Here's a paper bank note for one "bit"--twelve and a half cents, an eighth of a dollar--issued by and payable at the Bank of the State of Alabama in Tuscaloosa and dated August 1842, only sixteen years after the state capital was moved there from Cahaba.

Cahaba was still a thriving town and the seat of Dallas County in the 1840's.  Many notes such as this must have passed through the hands of Cahaba's citizens in those days.  The eBay seller of this note said that the rarity of this note is now seven, meaning--if I understand the seller's note correctly--that only six others are known to still exist.