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    [Unknown, LA] - Due by Narcisse Paris - Steamer J. A. Cotten 25 Cents Undated (ca.1862). PCGS Very Fine 20 Apparent.
    Though all the facts are not firmly established regarding the history of this intriguing scrip note, its rarity is notable, and its condition excellent. Printed on blue paper, in blue ink, without imprint. Looping bordering is all around with corner ornaments. The title "Steamer J. A. COTTEN" along the top is flanked by small steamboat vignettes. Under is 25 - TWENTY FIVE CENTS - 25 with the text slanted backwards. The obligation in two lines is: "Due by Narcisse Paris,/Redeemable in Three Dollars." At lower left, 25 CENTS is in a cartouche and at lower right, the vanity signature of the issuer. It seems logical that this is the Confederate steamer J. A. Cotton referred to in 1862-1863 period accounts. If so, it was a partially ironclad steamer that was originally built in Jeffersonville, Indiana. Accounts have it being sunk by Union forces April 14, 1863, at Bayou Teche. The spelling difference is an anomaly, and not uncommon for the period. This is certainly worthy of exhaustive research. If it is confirmed as a Confederate navy-related scrip issue, its historical importance cannot be overstated. Noted with "Internal Splits; Minor Stains." From the face, bright and attractive.
    Ex: Eric P. Newman Numismatic Education Society.

    Auction Info

    Auction Dates
    May, 2017
    3rd Wednesday
    Internet/Mail Bids: 20
    Lot Tracking Activity: N/A
    Page Views: 992

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $19) 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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