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    Historic "On Board Steamer Natchez" Rarity

    (New Orleans, LA) - John Hawkins, Steamer Natchez 50 Cents Undated (Ca. 1862). PCGS Very Good 8 Apparent.
    This certainly is among the greatest Confederate era scrip note titles and payable types we have ever encountered. Technically, this is a "floating issuer" as it was payable in "Confederate Notes ... on board Steamer Natchez." There is no city listed, but its style most strongly suggests the note was printed in New Orleans, where several printers used this style. In Wendell Wolka's Paper Money magazine article "Enemy at the Gates" The Fall of New Orleans and its Effect on Scrip Issuers in the City, this issuer is on the compiled listing of New Orleans scrip notes used at that time. It is reasonable to classify this as a multi-state type due to its unusual obligation, but its New Orleans origin is logical. There were many incarnations of the Steamer Natchez. This note was used on the sixth boat, which operated during the War and transported Confederate troops but was burned near Honey Island, possibly to keep it out of Union hands. The bold vignette of a sidewheel steamer traveling eastward is at top center. STEAMER NATCHEZ in green is over the smokestacks and the flanking "50" numerals. Text and obligations are below with "50 CENTS 50" in green. Cartouches at the ends show the textual denomination. The obligation, as we noted previously, is under the title. This note experienced extensive circulation, and a portion of a period Obsolete banknote reinforced on one side to maintain its use in commerce for as long as possible. Noted are "Pieces Missing; Edge Damage; Partially Backed," which are academic points perhaps. Here is a currency note evoking the memories of the tumultuous history of Southern Civil War river commerce. This is an extremely rare financial artifact of the utmost importance.
    Ex: Eric P. Newman Numismatic Education Society.

    Auction Info

    Auction Dates
    May, 2016
    4th Wednesday
    Internet/Mail Bids: 14
    Lot Tracking Activity: N/A
    Page Views: 417

    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.
    Sold on May 4, 2016 for: Sign-in or Join (free & quick)
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