Lot 458
Ohio, Kirtland, 1837, $5, The Kirtland Safety Society Bank, Mormon, Signed by Joseph Smith, Jr. Fresh and original note that just shows slight handling mostly on the corners. Almost Uncirculated.
The first Mormon currency was issued at Kirtland, Ohio in 1836. The Ohio legislature had denied the charter because the bank had no specie to back the capital.
As a substitute, the Mormon leaders organized the Kirtland Safety Society Anti-Banking Company. The downfall of the institution was aided by the Panic of 1837 and local persecution of the Mormons.
Estimated Value $1,000 - 1,500.
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| Realized $1,610 |
