Zimmerman Bank $3 Note 185??

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Province of Canada
Zimmerman Bank
Ser# 1752
Three Dollars printed in black ink on Front
Red THREE stamped on front .. shows through to the back (reversed) as if the ink leached to the back but did not run.
185_  the year not written on the bill. (See below likely printed between 1856 to 1859)
Office of the bank **** CLIFTON
Unsigned

Closest note found:
Found on EBAY (Banknote Gallery)  RARE 1856 $5 & $10 ZIMMERMAN BANK,ELGIN CANADA asking $US 1,599

Interesting story regarding this Bank, its namesake and its notes:

http://www.bankofcanada.ca/en/review/rev_summer1997.html

http://www.nfpl.library.on.ca/centennial/zimmerman.htm

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From:  http://www.iaw.com/~falls/townships.html

Year by year, more settlers came to Niagara. Not until 1846, did a village exist at the Falls of Niagara. In that year, a company was formed to build a bridge across the gorge for the Great Western Railway of Canada.

Samuel Zimmerman was the founder of the Village of Elgin named after the Governor of Canada. The village formed surrounding the site of the first suspension bridge built across the Niagara Gorge. The Village of Elgin was located in the area that is today Bridge Street at the Whirlpool Bridge.

In 1853, the Village of Elgin was incorporated. In 1856, the boundaries of the Village of Elgin were expanded to include the area of the Table Rock. In view of this expansion and its subsequent increase in population, the Village of Elgin was now had enough citizens to become a town rather than a village. Because the name Elgin had been previously used, the name of the newly formed town was changed to the Town of Clifton.

In 1881, at the request of the citizens, the Town of Clifton was changed to the Town of Niagara Falls.

In 1904, the Town of Niagara Falls became the City of Niagara Falls.
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Any further information including valuation would be appreciated

What you have here is a remainder note as it was never signed or issued for circulation. The note was created for the town of Clifton. These notes may sometimes hold the city of Elgin as well.  They can come in many varieties as the red letters (THREE) may also come in blue. All notes including the 1, 3, 5, 10 and 20 have always had the same picture of the Roebling Suspension Bridge.  This picture also come on Niagara Suspension Bridge Bank notes and is quite popular.

Having said this your note seams in very nice condition so for a VF book value is $300 and EF $400. Fully issued notes from the city of Clifton were never issued to the public and all are non redeemable  . I believe book value on these notes to be quite accurate.

Why would you want to cash in this note? It is a very nice note.I reckon that those who want to cash in a chartered bank note of any bank are mugs.The collector value of any chartered bank note is worth far more than face value.
 
Aidan

You are taking the "Kid-kc" too literally.  He is simply commenting on the Clifton notes' history: ie they were not issued to the public and were not redeemable (at the time).  I believe there was a certain degree of scandal (insolvency) over this bank.  

Hey Royalist

One thing to know about chartered banks is that some issuers have failed by bankruptcy, others were bought out, merged or some have survived all this time. Any note from an issuer that still survives or has been purchased by an issuer that still survives has much greater collectibility and higher price value. Of course no  one would ever return it to the bank but knowing that the banks still recognize this as valid currency drives the collectible factor up.