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    Description

    Rare Panic of 1907 High Denomination Pair

    San Francisco, CA- Ocean Shore Railway Company $50; $100 (1907) Remainder Pair PCGS Banknote Choice About Unc 55 PPQ and PCGS Banknote About Unc 50.
    Enormously margined, very well centered, and with a colorful appearance, this is a truly handsome pair of rare Panic of 1907 scrip. The obligations state that interest is paid at 5 per cent per annum. The Ocean Shore Railway Company was incorporated in 1906 and was to run a high-speed railway from San Francisco to Santa Cruz. In order to attract weekend excursions and tourists, the line ran as close along the coastline as possible. Early the morning of April 17, 1906, over 4000 feet of track was destroyed as the famous 8.1 magnitude earthquake decimated San Francisco. That financial catastrophe coupled with the financial panic of 1907 ultimately forced the demise of the railroad. It fell into receivership in 1910 and finally was abandoned by 1920. PCGS Banknote has spotted a minor foreign substance on the back of the $100. We have only sold two $50 examples many years ago. This really pretty and rare pair includes the first $100 we have offered. (Total: 2 notes)


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    October, 2021
    6th-8th Wednesday-Friday
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