Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Quantity:Two Notes ($1 & $2) 0156 oz ASW Description Obverse

0156 oz ASW Description Obverse Older head Description Reverse Denomination and date Legend Obverse FRIEDR

999 oz AGW Diameter 32 mm Edge Type Reeded Description Obverse Temple of Heaven Description Reverse Panda walking through bamboo

Granahan | Dillon

KM# 755 Denomination Penny Country Great Britain Government Kingdom (Resumed) Ruler Victoria Coinage Type Pre-decimal Coinage Composition Bronze Weight 8

T19754961A  Fine

Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Quantity:Two Notes ($1 & $2) 0156 oz ASW Description ObverseCochituate is an Algonquin word for "the place of rushing water". The Cochituate Bank of Boston, MA was incorporated in 1849 and failed in 1854 (due to mismanagement). These notes harken back the "free banking era" in the United States (1837 1862). This was a time when only state chartered banks existed. During the free banking era banks were especially short lived compaired to today's banks (avg. 5 years) and about 50% of them failed. Each of these