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    Historically Significant California and Salt Lake Mail Line $50

    (Salt Lake City), UT- The California and Salt Lake Mail Line $50 Feb. 3, 1871 Nyholm 145
    The California and Salt Lake Mail Line was formed in 1851 by George Chorpenning to carry the mail between Sacramento, CA and Salt Lake City, UT. The contract was renewed in 1854 and again in 1858, when passenger stage coach service was added. Nyholm believes that these notes may have been introduced around this time to facilitate fees related to this passenger service. In 1860 the firm of Russell, Majors and Waddell purchased the line from Chorpenning. Rust reports that it is not certain if the mail line continued under the California and Salt Lake Mail Line banner after the sale in 1860. It is open to conjecture when the line actually ceased operation and it is quite possible that someone was operating the line for some period of time after 1869-70. A further study of the signatures on this note may help define the answer to this issue.
    $50 notes from this mail line come in two varieties, one with "Sacramento" printed on the note and one with the place name left blank. The example being offered here is of the latter variety (place name to be written in). In any case, these notes are excessively rare, with your cataloger able to identify five $50s. Two $50s are the printed "Sacramento" variety- one is pictured in Rust, fig. 107 and one is pictured in Nyholm fig. 150 (this note was later sold in our 2011 Long Beach Signature Currency Auction, lot 15815 for $40,250). Three $50s are the "place name left blank" variety- one is pictured in Nyholm, fig. 145, the second was sold in our 2011 Rosemont CSNS Signature Currency Auction, lot 15344 for $34,500, and the third is being offered in this auction.
    The note being offered in this sale is graded by PCGS as Apparent Very Fine 25 due to some minor rust stains and edge splits. This is a solid note and these minor issues do not have any significant impact on this extremely rare and historically significant note's desirability.

    Auction Info

    Auction Dates
    Sep-Oct, 2013
    25th-1st Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 557

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