$5 Educational is 'Banned in Boston'

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Large Size Type Notes > Silver Certificates

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Fr. 268 $5 1896
Grade: PCGS Gem New 66 PPQ    

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In 1897, when the $5 Educational notes were released, the firm of Cabot, Cabot & Forbes was one of the old-time banking companies and they were pillars of the Boston Blueblood society. Mrs. Cabot and Mrs. Forbes were very conservative and when they inspected their first $5 Educational note they ordered their husbands not to allow the notes in their banking and business house. This was due to the naked breast on the figure on the face of the note. Hence the term 'Banned In Boston'. This objection led the government to cancel plans for the $10 Educational note and so abandoning the series. The central vignette shows Electricity presenting Light to the World. Shirlaw did the original design for the $5 Ed and Thomas F. Morris later modified it; he also designed the back. A beautiful Gem that has been graded Gem New 66 PPQ by PCGS. Amazing Gem quality in every way. From the Cleveland Collection.

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