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    Rare Dubuque & Sioux City Railroad Co. $1 Note

    Dubuque, IA - Dubuque & Sioux City Rail Road Co. $1 1866 Oakes 52-1. PCGS Fine 12 Apparent.
    The second denomination from this rare railroad company series issued from Dubuque and lithographed by Edward Mendel, Chicago. The note was GOOD FOR FREIGHT OR FARE as specified in the top border. Vignettes adapted from engraved Obsolete banknotes of the period include a locomotive and cars at the right end, under the curve of the long title, and a lower left corner vignette of a woman feeding a horse (the scale seems unusual). Inside the left center is a large red "1" protector, and the upper left die has a color surround. The 1866 date above the title is clear and the note has the correct signatures for the time period. Prior to the Newman Collection sales, we had handled only three notes from the series, and one was damaged. The denomination was not in the Tom Flynn Collection (Flynn strove to obtain all the rarities of Dubuque, his hometown). The $3 denomination from the Newman Collection graded Fine 15 Apparent saw furious bidding in the October 2015 sale and realized $4,935. The only $1 note from the series we handled sold for $1,495 at the 2007 St. Louis CSNS sale in "Raw Fine." This note is superior to that example. Noted as "Hole Punch Cancelled" through the signatures and "Tape Repaired Edge Tear at UL." An important Iowa rarity.
    Ex: Eric P. Newman Numismatic Education Society.

    Auction Info

    Auction Dates
    May, 2016
    4th Wednesday
    Internet/Mail Bids: 22
    Lot Tracking Activity: N/A
    Page Views: 392

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) 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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