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MI. Bank of Manchester, 1837, Issued Obsolete Banknote.

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:25.00 USD Estimated At:60.00 - 120.00 USD
MI. Bank of Manchester, 1837, Issued Obsolete Banknote.
SOLD
70.00USDto M******1 (9027)+ buyer's premium
This item SOLD at 2026 Jan 20 @ 12:47UTC-05:00 : EST/CDT
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Manchester, Michigan, 1837. $5 Issued Obsolete Banknote, Black print with portrait of man at top center along with steer at the right and numeral '5' at left, S/N 795 pp A, VF to Choice VF condition, RW&H. Issued in 1837 by the Bank of Manchester in Washtenaw County, this note originates from the height of Michigan’s short-lived free-banking boom. Dozens of newly chartered institutions opened that year under lenient banking laws, many backed by shaky reserves and vulnerable to the financial panic that soon followed. Notes from the Bank of Manchester are closely associated with this turbulent era and reflect the speculative frontier economy that defined early Michigan banking.