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    Description

    Rare Arizona Scrip Note

    Tucson, AZ - Lord & Williams, Tucson, Arizona Territory 5 Cents No Date (Ca. 1870s-80s) Durand AZT-3. Remainder. PCGS Fine 12 Apparent.
    Arizona Territory scrip notes are rarely offered and this is the third denomination from the series in the Newman Collection we have presented. As with all the notes from the series, printed on both sides on sturdy bond paper. This note is finely lithographed with the imprint of M. Thalmessinger, Stationer, 387 & 389 Broadway, N.Y. on the face. At the left are miners in a circle; titles are in the center; a counter is at lower right. The ornate green back has a diamond shaped emblem with "5" in the center. The note is not dated or signed. Directory ads from the period indicate that partners Charles H. Lord, M.D. and W.W. Williams did business in several areas, acting as exchange brokers and bankers as well. The end of the mining boom (portrayed in the vignette of this denomination) was the beginning of the firm's demise, and it failed on October 27, 1881. The resulting loan foreclosures from the Bank of California to Lord & Williams left the exchange holders and specie depositors with nothing. Observed printed denominations are 5, 10, 25, and 50 cents, as well as $1 and $5 (the Ford XX example is the only $5 known,). No issued notes are known from the series. Noted with "Repairs; Pieces Replaced." A rarity that is full-bodied from the face.
    Ex: Eric P. Newman Numismatic Education Society.


    Auction Info

    Auction Dates
    January, 2017
    11th Wednesday
    Internet/Mail Bids: 5
    Lot Tracking Activity: N/A
    Page Views: 351

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $19) 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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