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    Description

    Keokuk, IA- Keokuk & Hamilton Ferry & Manufacturing Co. 50¢ Post Note ___ 1858 Remainder Oakes 83-4 (2015) PCGS Extremely Fine 45.
    A ferry was established in 1850, explaining why this scrip note was receivable for ferriage. In order to hedge its bets, a sister company, the Keokuk & Hamilton Mississippi Bridge Co., was formed in 1866 for the purpose of constructing a railroad and wagon bridge across the Mississippi between Keokuk, IA and Hamilton, IL. It appears that this bridge was, in fact, built and replaced by another bridge (the Keokuk Bridge) in 1915-16. This note, appropriately enough, depicts a locomotive and steamboat/ferry and was printed by Hosford & Co. Because of the two small "H" punch cancels and the number rubberstamped in the signature space, your cataloger believes that this is most likely an example retained for archival use by the printer. We are aware of only one other example, the plate note in Dean Oakes' 2015 catalog revision. The note offered here tonight crossed the auction block for $2,820 in our 2015 Eric P. Newman Collection, Part VII Currency Signature Auction and is expected to test that price level again this evening.


    Auction Info

    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 120

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