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Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Quantity:Two Notes ($1 & $2) 25c - Ohio (Silver)

SKU: 43785753130

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Description

25c - Ohio (Silver)

The Torch Runner $5 Gold Coin features an Olympic runner carrying a torch to the cauldron

T19754961A  Fine

The reverse (tails) features a heraldic eagle with shield

Granahan | Dillon

Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Quantity:Two Notes ($1 & $2) 25c - Ohio (Silver)Cochituate 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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