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    Extremely Rare 1863 T. R. Livingston Payable at Cadett 25-Cent Note

    French Point, MO - T. R. Livingston Redeemable in Specie in 1866, at Cadett, 1 M. R. R., Mo. 25 Cents May 1, 1863. PCGS Very Fine 25.
    This Major Thomas Robinson Livingston scrip note is from a slightly later and completely different series than the 1862 notes payable in the Cherokee Nation. These railroad-payable notes were signed on the back by William Parkinson, Livingston's half-brother. Eric Newman obtained several denominations and duplicates from this important series over many decades. He traded one 50-cent note from the issue to D. C. Wismer in 1939 when he acquired Wismer's Missouri collection proofs, banknotes, and scrip to augment his own growing Missouri Obsolete collection. Notes from the issue are radically different from those of July 1, 1862. Printed on pink (or reddish-brown) rag paper without imprint and in a smaller format. The borders at top and bottom are thinner than the intricate ones on the sides. The denomination is across the top, with town and date underneath. Across is a bolded 25 CENTS. The obligation underneath states, "...Or, redeemable in Specie in 1866, at Cadett, I. M. R. R., Mo." (The initials refer to the Illinois and Midland Rail Road.) Signed on the blank back by "Wm. Parkinson." Serial no. 11. The wide margins at the top and side indicate this is likely the top of a vertical sheet. A gorgeous example and the only 25 cent denomination in the Newman Collection. Extremely rare and excellent condition.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    November, 2017
    1st-2nd Wednesday-Thursday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 230

    Buyer's Premium per Lot:
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    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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