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    Description

    Newtown, PA- Philadelphia, Newtown & New York Railroad Co. $100 187_ Remainder PCGS Very Fine 35, 8 POCs.
    A very important rail road currency, this example is quite sharp looking. Full orange frame around with lithographed by American Bank Note Co. imprint. The top vignette was used on earlier engraved Pennsylvania banknotes. The note features a green back with the stock option clause in center. This scrip dates from the 1870s, and was used to finance the construction of the railroad, being convertible at maturity, at the owner's option, to capital stock of the company. The line is still in use, having passed from the Pennsylvania Railroad to the Reading Railroad and now operated by SEPTA as a commuter line serving Philadelphia and its suburbs. The other two instances of this denomination to come through our doors were of this exact note, with the most recent realization coming in 2018 of $1,800.
    From the Michael S. Tallent Collection


    View all of [The Michael S. Tallent Collection ]

    Auction Info

    Auction Dates
    October, 2021
    6th-8th Wednesday-Friday
    Bids + Registered Phone Bidders: 2
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