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    Labor Exchange Certificates Fine.
    Denver, CO- 1/10 1897 Branch 158;
    Salem, OR- 5/100 1897 Branch 108;
    Idaho Falls, ID- 1/20th 1895 Branch 42.
    In 1890, Mr. G.B. DeBernardi organized a worker's cooperative called the Labor Exchange, an association of members who deposited goods that they produced into an Exchange Warehouse. For their deposits they received these notes, which in turn could be redeemed for goods withdrawn from the Warehouse. It was an interesting idea, but failed by 1901. There were many problems associated with the plan, such as balancing the products produced with the products to be withdrawn. These interesting and colorful notes are individually scarce and represent a great piece of history for the curious collector. (Total: 3 notes)

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    January, 2021
    24th Sunday
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