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    Description

    Augusta, GA- Bridge Company of Augusta $10 18__ as G22 Proof PMG Choice Uncirculated 63.
    The Bridge Company of Augusta was also known as the Bridge Bank. Henry Shultz and Lewis Cooper had a bridge constructed across the Savannah River which connected Hamburg, South Carolina to Augusta, Georgia. Shultz was a native of Hamburg, Germany and he founded Hamburg, South Carolina. Cooper sold his interest in the toll bridge to one John McKinne. They issued notes in denominations ranging from 25¢ to $100, produced by Leney & Rollinson. Unfortunately during the Panic of 1819, McKinne illegally mortgaged the bridge, leading to financial ruin for Shultz. The $10 features the company's primary asset and namesake, the bridge itself. The note is printed on India paper with no forms of cancellation present in the signature lines. PMG mentions that the note has been previously mounted as evidenced by a couple of stamp hinge remnants on the back. This is the highest graded note we have handled from this issuer and it is free of the ink erosion problems that are commonly encountered on issued examples. We are aware of two Proof $10s extant at present, with the other example a former holding in the Eric P. Newman collection.
    From the Charles R. Pease, Jr. Collection, Part III


    View all of [The Charles R. Pease, Jr. Collection, Part III ]

    Auction Info

    Auction Dates
    September, 2020
    17th-21st Thursday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 126

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