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    Description

    Salt Lake City "Z.C.M.I." 25 Cents Scrip Note

    Salt Lake City, UT - Zions Co-operative Mercantile Institution 25 cents Rust 137, Nyholm 166. PCGS Fine 15.
    The Zions Co-operative Mercantile Institution or "ZCMI" notes circulated in the territory as scrip used for salaries and goods among residents and the co-operative branches. Utah local currency is extremely complex and catalogers are not universal in the order of placement of the issues. The first series notes were simple and locally printed. Their counterfeiting led to lithographed notes with the imprint of Ezra A. Cook, Chicago, Ill. being printed and issued. A pattern of wavy lines and dots comprises the border. The beehive vignette at top left shows the ZCMI monogram in script on the hive and "Holiness to the Lord" above. The date "Oct. 15, 1868" is on the base. The large letters ZCMI are shadowed in the central background. The signature is faded. A wholesome example and an essential issuer for all collections of Utah-Mormon currency.
    Ex: Eric P. Newman Numismatic Education Society


    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Internet/Mail Bids: 7
    Lot Tracking Activity: N/A
    Page Views: 193

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    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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