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Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Quantity:Two Notes ($1 & $2) KM# 755 Denomination Penny Country

SKU: 43785753130

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Description

KM# 755 Denomination Penny Country Great Britain Government Kingdom (Resumed) Ruler Victoria Coinage Type Pre-decimal Coinage Composition Bronze Weight 8

Granahan | Dillon

0723 oz ASW Description Obverse Head left Description Reverse Crowned arms divide denomination within wreath Legend Obverse CHARLES X ROI DE FRANCE

The reverse (tails) features a heraldic eagle with shield

Just bought another decent sized deal of 1963 Proof stets

Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Quantity:Two Notes ($1 & $2) KM# 755 Denomination Penny CountryCochituate is an Algonquin word for "the place of rushing water". The Cochituate Bank of Boston, MA was incorporated in 1849 and failed in 1854 (due to mismanagement). These notes harken back the "free banking era" in the United States (1837 1862). This was a time when only state chartered banks existed. During the free banking era banks were especially short lived compaired to today's banks (avg. 5 years) and about 50% of them failed. Each of these

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