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<p>[QUOTE="Paul M., post: 3832991, member: 73165"]These are all great pieces. I have a clearinghouse certificate from San Francisco that I picked up at Long Beach a couple years ago for a few bucks. I don’t primarily collect paper currency, but it’s an amazing piece of history.</p><p><br /></p><p>Banks in the west were closed for several months after the Panic started. Court judgements couldn’t be paid, and hard money was scarce as a result of the bank closures. These certificates essentially kept the economy functioning in the west (maybe the entire country, but I’m only familiar with the situation on the west coast).[/QUOTE]</p><p><br /></p>
[QUOTE="Paul M., post: 3832991, member: 73165"]These are all great pieces. I have a clearinghouse certificate from San Francisco that I picked up at Long Beach a couple years ago for a few bucks. I don’t primarily collect paper currency, but it’s an amazing piece of history. Banks in the west were closed for several months after the Panic started. Court judgements couldn’t be paid, and hard money was scarce as a result of the bank closures. These certificates essentially kept the economy functioning in the west (maybe the entire country, but I’m only familiar with the situation on the west coast).[/QUOTE]
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