Description

    Montreal, CE- The Mechanics Bank $4 June 1, 1872 Ch. # 430-10-04c
    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 notes that "Notes of this bank are uncommon in all grades; they are very scarce in Fine or better condition." This is an attractive piece which comes from the only issue of this institution. Bright Fine-Very Fine, with a vivid blue "Beauharnois" overprint.
    From The Thomas M. Flynn Collection


    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    April, 2008
    17th-19th Thursday-Saturday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 280

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976

    Learn about consigning with us

    Thanks again for all of your wonderful work; much of which has been far beyond the call of duty!
    L.S.J. ,
    Houston, TX
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 August 3 ANA Currency Signature Auction - Denver
    2017 August 3 ANA Currency Signature Auction - Denver
    REALIZED $1,838,111