1852 Bank of the United States Dollar Bill

How cool is this? It’s an 1852 dollar bill issued by the Bank of the United States.

Bank of the United States - $1 bill (1852)
Bank of the United States – $1 bill (1852)

Source: currencyquest.com

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  • Charles Mead

    Just so you know, this is not a bank affiliated with the US Government in any way. Here is a blurb about this bank from Stacks, “The Bank of the United States, Washington, DC, was a private enterprise not related to the Bank of the United States (first Bank of the United States 1791-1811, second Bank of the United States 1816-1836). Further, despite the title it had no connection with either the government of the U.S. or the District of Columbia. Similar to quite a few banks of the District of Columbia, little is known about its history today. As securing a charter involved having the House of Representatives pass legislation, and as this procedure was often delayed or found impractical, some banks went into operation anyway. Other banks were simply fraudulent or speculative ventures set up in Washington, where there was practically no oversight (except for occasional congressional committee inquiries), intended to issue paper money to be circulated in distant places. Certain extant notes of the Bank of the United States from this identical plate show evidence of extensive circulation and are signed, numbered. These are scarce today.”

    Personally I suspect this is what would be called a “spurious” note meaning there was not a bank and no assets to back up the note. A note like this would trade on name recognition only and was one of the reasons to create a federally backed currency.