Description

    Montreal, CE- The Mechanics Bank $5 June 1, 1872 Ch. # 430-10-08a
    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. This $5 is the variety with an "A" in a circle stamped twice on the face which is not common. Very Good, with some edge wear and a contemporary inscription on the back.


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    Auction Dates
    Apr-May, 2016
    28th-2nd Thursday-Monday
    Internet/Mail Bids: 8
    Lot Tracking Activity: N/A
    Page Views: 96

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