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Buffalo, NY- Benjamin Rathbun 12 1/2¢ July 4, 1836 . ...
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Sold on Dec 23, 2008 for:
$115.00
Bid Source: Internet bidder
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Description
Buffalo, NY- Benjamin Rathbun 12 1/2¢ July 4, 1836
Not only is this unusual fractional denomination scrip attractive, there is also an interesting story behind the issuer. This piece of private scrip was issued by famous Nineteenth Century rogue Benjamin Rathbun, who at one time had an estimated ten percent of the population of Buffalo on his payroll. His many business ventures were viewed as opportunities for the circulation of ever increasing amounts of scrip. When his empire crashed during the Panic of 1837, the worthlessness of his currency impoverished much of the city. Rathbun was tried, convicted, and sent to prison for fraud. The label lists his name as "Rathburn," however Rathbun is the correct spelling. PCGS Very Choice New 64PPQ.
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Auction Info
Tuesday Internet Currency Auction #38124 (go to Auction Home page)
Auction Dates
December, 2008
23rd
Tuesday
Internet/Mail Bids: 5
Lot Tracking Activity: N/A
Page Views: 412
Buyer's Premium per Lot:
15% of the successful bid per lot.
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