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    Description

    Detroit, MI- Detroit Bank $5 Oct. 24, 1806 G16 Very Fine-Extremely Fine.
    The Detroit Bank was the earliest bank to be organized in Michigan, more than three decades before statehood. Judge A.W. Woodward, one of the earliest developers of Detroit, and for whom Woodward Avenue is named, served as president of the bank for its first year of operation. In 1807, the bank was sold to a Boston investor. The bank was a fraud from the beginning and was finally shut down in 1808 with huge losses to note holders. There is minor edge damage at top center.


    Auction Info

    Auction Dates
    January, 2021
    24th Sunday
    Internet/Mail Bids: 7
    Lot Tracking Activity: N/A
    Page Views: 118

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