Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Quantity:Two Notes ($1 & $2) 3 square diamonds totaling

3 square diamonds totaling

In passing this note appears Uncirculated

crown above Legend Obverse VICTORIA DEI GRATIA REGINA

110 grams) Diameter: 0

As so many went unsold

Pair of 1850s $1 & $2 Cochituate Bank of Boston, MA Broken Bank Notes Quantity:Two Notes ($1 & $2) 3 square diamonds totalingCochituate 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