Great Depression Emergency Currency $1 Pay Warrant. This scrap of paper embodies the moxie and mettle that Americans possessed in the face of national calamity. This genuine $1 pay warrant was issued by the city of Charleston, South Carolina during the height of the Depression. Following the stock market crash of 1929, banks and businesses across America failed and unemployment skyrocketed across the nation. Local municipalities were without cash so they improvised by issuing pay warrants, a kind of scrip that could be used within the community for goods and services. Housed in an informative folder. Foreshadowing the coming of World War II, you'll also receive a FREE OPA token, which was used to make exact change when purchasing food with rationing stamps.