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Home / Currency / 2009 September Long Beach, CA Signature CAA Currency Auction Auction #3506 / Lot #16886
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    LOT #16886  | 
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    Montreal, CE- The Mechanics Bank $4 June 1, 1872 Ch. # 430-10-04c. ...

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    Canadian Currency: , Montreal, CE- The Mechanics Bank $4 June 1, 1872 Ch. # 430-10-04c. ...
    Canadian Currency: , Montreal, CE- The Mechanics Bank $4 June 1, 1872 Ch. # 430-10-04c. ...
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    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 relates that notes of this bank are uncommon in all grades. This example has tape and small pieces missing. PMG Good 4 Net with a blue "Beauharnois" overprint.

    Auction Info

    Auction Dates
    September, 2009
    9th-13th Wednesday-Sunday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 320

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