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    Boston, MA- Howard Banking Company $5 Aug. 23, 1853 C8a Counterfeit
    An oval "COUNTERFEIT SUFFOLK BANK" rubber stamped notation is seen on the face of this note. As is often the case with those stamps, areas of ink erosion are noticed. The Suffolk Bank in Boston, open from 1825-58, served as a clearing house in New England and earned them considerable profits. It was the first of the region-wide bank note clearing systems and allowed notes to circulate at par, rather than at a discount as was often the case when a note circulated beyond the area it was issued from. In addition to counting and sorting money from various country banks, they also performed counterfeit detection and marked those bills that they declared to be counterfeits or altered notes. The directors of the Suffolk Bank were considered quite patriotic as they advanced considerable funds to assist the war effort during the early days of the Civil War. PCGS Very Good 10, with the Type 1 Santa vignette at the top center of the note.
    From The Roger H. Durand Santa Claus Collection

    View all of [The Roger H. Durand Santa Claus Collection ]

    Auction Info

    Auction Dates
    January, 2012
    5th-10th Thursday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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