18th Century "Deposite No. 1" Painted Wood Panel the hard we do now all with balletic grace

all with balletic grace

with no splits or cracks or chips

one near the lower right edge

with what look to me like hand-forced nails for the the pegs

Peach: approx 2 3/4" t x 2 3/4" in diameter

18th Century "Deposite No. 1" Painted Wood Panel the hard we do now all with balletic graceA simple, very old thing, to me just completely gorgeous. I know from a little research that "deposite" is an archaic form of the word deposit, but I have had a bit of a hard time understanding in what all manners it was used I believe used in relation to financial deposits, for sure, but I am not sure whether also relating to mail, for example. There are two holes along one edge of the panel showing that it was hinged to something else I would guess