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    Extremely Rare and Mysterious New Orleans-Texas Tie Note

    New Orleans, LA - "I" Private Issuer [?] "Promise to Pay the Bearer... payable at the Counting House of "Bulkley" & Co. in McKinney or Jefferson, Texas" $2 April 1, 1862 Medlar-UNL. PCGS Fine 15 Apparent.
    This is an extremely rare and mysterious Civil War Louisiana-Texas tie scrip note that appears to be a new discovery. It was issued from New Orleans and payable at two "Counting House" locations in Texas. The red issuer [the "I"] signature on the note is difficult to read. The Medlar Texas reference lists a 25 cents note, in a smaller format and differently styled, but with similar payable obligations. That note has an engraved "Beckly & Co." and a signature of Beckly that seems to be a contradiction with this note and its payable notation, but the similarity of names appears to be more than a coincidence. The style and format used here on this dollar denominated note is similar to other Texas tie notes from New Orleans and payable in Jefferson, Texas. Printed on the back of brown rag paper Southern Pacific Railroad Company bonds. At the center are: the denomination across, "2" in an ornate cartouche at the top and the complex obligations. The upside-down text under the bottom border line was originally part of the bond paper used. Each end has an intricate panel with oval inset for a perpendicular vignette: a train at the left and steamboat at the right. Noted with "Edge Tears and Damage at Left." This intriguing note is worthy of additional study, and its rarity clearly stands on its own.
    Ex: Eric P. Newman Numismatic Education Society.


    Auction Info

    Auction Dates
    May, 2016
    4th Wednesday
    Internet/Mail Bids: 11
    Lot Tracking Activity: N/A
    Page Views: 281

    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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