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Large Size Type Notes > Silver Certificates

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Fr. 269 $5 1896
Grade: PCGS Superb Gem New 67PPQ    

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Here is a beautiful $5 Educational at its finest. This beauty is completely fresh and original with extraordinary centering and exceptional color. Graded Superb Gem New 67PPQ by PCGS. In 1897, when the $5 Educational notes were released, the firm of Cabot, Cabot and Forbes was one of the old-line 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 they ordered their husbands to not allow the notes in their banking and business house. This was because of the naked breast on the face of the note. Hence the term "Banned in Boston". This objection led the government to cancel plans for the $10 Educational, and so abandoning the series. Since then the term "Banned in Boston" has been attached to other items.

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