Detroit, MI- State Bank of Michigan $2 Remainder

Description

History of the Bank

The bank was established in 1859 and played a significant role in the financial landscape until it transitioned to the first national bank of Detroit in 1864. This shift marked a new chapter in its legacy, ensuring stability during a transformative period.

Unique Currency Design

Notes issued by the bank are well-regarded for their distinctive design, notably featuring Lyman’s protection. This mechanism involved each denomination having two panels of varying sizes, which prevented fraudulent alterations to higher values. For instance, the $2 note had panels that were equal in size.

Striking Imagery

The $2 note also stands out for its remarkable vignette depicting a realistic Native American bison hunt, complemented by a striking color palette of red and black. Such details make these notes a fascinating subject for collectors and history enthusiasts alike.

An Overview of US Coinage and Currency: From the Colonial Era to the 1900s