National Currency Collection
Canada, Farmers Bank of St. Johns, 2 dollars : December 4, 1837
Story
Don’t trust a bank you’ve never heard of
Phantom banks were not banks but the brainchildren of shady characters who produced legitimate looking bank notes without any capital to back them up. These bank notes found their way into circulation in exchange for goods or services, however, when an unsuspecting individual attempted to redeem them for hard currency, they would find there was none to be had.
Item Details
Categorization
Collection
Note
Class
Commercial
Name
Bank note
Form
Spurious
Locations
Country
Canada
Province
Lower Canada
City
St. John's
Denominations
2 dollars
Dates
Issuing date
December 4, 1837
Designs
Subject
Phantom bank
Production Types
Printer
Unknown
Imprint
None
Measurements
Object
Horizontal
178mm
Vertical
78mm
Materials
Object
Paper
