Description

    Montreal, CE - The Mechanics Bank $4 June 1, 1872 Ch. # 430-10-02a
    This short-lived bank was established in 1865 and failed in 1879, dogged by reports of corruption by its officers. Its failure was so complete that the bank's notes were redeemed at only 57.5 cents on the dollar, even after assessing its shareholders the full double liability they were responsible for under the law. The Charlton catalogue also relates that notes of this bank are uncommon in all grades. PMG Good 6 Net, with good color for the grade but also a few small tears.


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    Auction Dates
    January, 2013
    9th-14th Wednesday-Monday
    Internet/Mail Bids: 8
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