Victoria Collection (Canada, World)
Lot 2873 Session 10 (7.30pm Wednesday) Victoria Collection (Canada, World)
Estimate $250
Bid at live.noble.com.au
SOLD $320
THE ZIMMERMAN BANK, three dollars, Elgin, undated, not numbered; three dollars, Clifton, undated, No.782, imprint Toppak, Carpenter & Co. Montreal. Repaired, very good; edges trimmed, 6mm tear lower edge, very fine. (2)
The Zimmerman Bank (1854-59) began operations under the Free Banking Act of 1850. In 1855 the bank obtained a charter with authorised capital of $1 million. Actual business as a chartered bank did not begin until June of the following year. With the death of the major shareholder, Samuel Zimmerman, 12 March 1857, operations changed overnight with the decision to wind up the bank's affairs as quickly as possible. In early 1858 the Zimmerman Bank made arrangements with the Bank of Upper Canada to take over their note redemption. In 1859 the Zimmerman Bank changed its name to the Bank of Clifton.
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Adjacent lots
Lot 2871
INTERNATIONAL BANK OF CANADA, ten dollars, Toronto, June 1st 1859, No.364, imprint American Bank Note ...
Estimate $400
Lot 2872
BANK OF PRINCE EDWARD ISLAND, twenty dollars, Charlotte Town, 1st Jany 1872, No.04463, imprint British ...
Estimate $500
Lot 2873 This lot
THE ZIMMERMAN BANK, three dollars, Elgin, undated, not numbered; three dollars, Clifton, undated, No.782, imprint ...
Estimate $250
Lot 2874
BANK OF WESTERN CANADA, one dollar, Clifton, Sept 20th 1859, No. 952; two dollars, Clifton, ...
Estimate $300
Lot 2875
THE WESTMORLAND BANK OF NEW-BRUNSWICK, one dollar, Moncton, N.B., Aug 1st 1861, No.13597, imprint American ...
Estimate $400