LOT #95206 |
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Princeton, MS- Lake Washington & Deer Creek Rail Road and Banking Company $10 18__ as G6 Kraus 10491p as Leggett 9 Proof PMG C...
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Sold on Jul 27, 2025 for:
$360.00
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Description
Princeton, MS- Lake Washington & Deer Creek Rail Road and Banking Company $10 18__ as G6 Kraus 10491p as Leggett 9 Proof PMG Choice Uncirculated 64.The firm was organized in early 1836 as the Lake Washington & Deer Creek Rail Road and Banking Company, with stock subscription books opened on April 25, 1836. The original mission of the company was to build a rail line between Lake Washington and Deer Creek that would result in cotton being efficiently moved from Princeton to ports on the Mississippi. On February 16, 1838, with the Panic of 1837 playing havoc with the company's construction plans, the state relieved the company from its railroad construction mission and commitment and rechartered it as the Bank of Mississippi. The last mention of the Bank of Mississippi appears in 1860 regarding unspecified legislation related to the bank in a newspaper item. Its ultimate fate is unknown although the fact that unused sheets of its notes were used to print other issues during the Civil War suggests that the bank probably closed its doors during 1860-61. The $10 design features a vignette of a woodsman with his dog flanked by two oval cameo-like helmeted medallion head counters at center. The left and right end panels are identical, containing an oval vignette of a very early passenger train receding into the distance. The note is printed on India paper with rectangles cut out of the signature spaces, mounted on cardstock. It is likely that this is one of two examples that were part of a $10-$10-$20-$20 uncut Proof sheet that appeared in Lot 823 in the 1990 ABNCo Archives sale and may represent the entire surviving population of this note in Proof form.
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Auction Info
2025 July 27 Summer U.S. Currency Obsolete Banknotes Showcase Auction #62406 (go to Auction Home page)
Auction Dates
July, 2025
27th
Sunday
Internet/Mail Bids: 2
Lot Tracking Activity: N/A
Page Views: 84
Buyer's Premium per Lot:
20% of the successful bid per lot.
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