Fr. 270 $5 1896 SC Lyons-Roberts (1st) One Of Finest Graded (2nd)

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Large Size Type Notes > Silver Certificates

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Fr. 270 $5 1896
Grade: PMG Gem UNC 66 EPQ    

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In 1897, when the $5 Educational notes were released, the firm of Cabot, Cabot & Forbes was one of the old-line banking companies and 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 to not 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. Since then the term "Banned in Boston" has been attached to other items. The central vignette of the $5 Educational note shows Electricity presenting Light to the World. Shirlaw did the original design for the $5 Educational note and Thomas F. Morris later modified it. Mr. Morris also designed the back using portraits of Grant and Sheridan at the sides and a female head, that greatly resembled his wife, at the center. This note has since been re-inspected by PMG, reconfirming the quality. PMG has graded six in "66" and a single note in "67". Graded Gem UNC 66 EPQ by PMG.

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