Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Twenty Cent Piece crisp paper

crisp paper

fractional denomination

Black treasury seal on the reverse

Some staining

Dubosq's numismatic fame comes from his move from Philadelphia to San Francisco during the gold rush

Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Twenty Cent Piece crisp paperCochituate 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