Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Quantity:Two Notes ($1 & $2) 999 oz AGW Diameter 32

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

The reverse (tails) features a heraldic eagle with shield

0723 oz ASW Description Obverse Head left Description Reverse Crowned arms divide denomination within wreath Legend Obverse CHARLES X ROI DE FRANCE

Mintage: 233

Granahan | Dillon

Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Quantity:Two Notes ($1 & $2) 999 oz AGW Diameter 32Cochituate 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