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Description

North Bridgewater, MA- North Bridgewater Bank $5 Sep. 1, 1856 G8a PCGS Banknote Very Fine 30 Details.
The bank was incorporated in 1854 and remained in business as a state bank until early 1866 when it surrendered its state charter and voluntarily liquidated. Stockholders received $100 in United States 5-20 bonds as well as a final dividend of 10-1/2% on each share surrendered. At the time, the North Bridgewater Bank held the distinction of being the last state-chartered bank of issue in Massachusetts. The $5 features two vignettes keyed to the denomination . In both, five allegorical women representing various things like, Commerce, Liberty, Justice, and the like surround large 5s. This was a subtle way of discouraging raising low denomination notes to higher values. A large red FIVE protector spans the upper portion of the center of the note while an oval portrait of Martin Wales, the bank's first president, appears at lower left. PCGS Banknote mentions a stain in the lower left corner and some damage in the upper left corner. Very scarce and seldom offered.
From The Charles River Collection


Auction Info

Bidding Begins Approx.
June
2nd Tuesday
Auction Dates
June
9th Tuesday
Proxy Bidding Begins Approx. 
32 Days
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