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    Description

    Helena, AR- Mississippi, Ouachita & Red River Railroad Company $25
    From our 1994 Memphis sale, where we noted "This example is one of two such pieces consigned to us from a Fort Worth estate. A virtually identical piece brought $577.50 in our January sale. It was described therein as 'A scarce and desirable item in itself...but the reverse is a [handwritten] Confederate Depository Receipt for the exchange of old currency for new under the act of 17 February 1864, the receipt noting that the "old issues" would be exchanged for new issues at two thirds of their face value "when this office is supplied with funds for the purpose." This piece is signed by John Brown, C.S. Depository, and dated July 27th, 1864. We know of no others and when this piece is sold the opportunity to own a true piece of history will be gone as well." We've seen no similar example since this piece realized $687 at the Memphis sale more than fifteen years ago. PMG Very Fine 25, with mention made of the margin damage at the right end, none of which affects the design.


    Auction Info

    Auction Dates
    September, 2011
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 466

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