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    Rare St. Louis & Illinois Team Boat Ferry 12-1/2 Cents "in Ferriage"

    St. Louis, (M.T.) - St. Louis & Illinois Team Boat Ferry 12-1/2 Cents Undated (Ca. 1819-21). Remainder. PCGS Very Fine 30.
    An unusual scrip that stands on its own merits and is another very rare Missouri territorial period scrip series with a fascinating title. A team boat ferry used a pulley system for moving the boats across the river, the power supplied by a horse walking on a treadmill (that is, one horsepower). This company, owned by Samuel Wiggins, was authorized by the Illinois legislature to run a ferry from Illinoistown (East St. Louis) to St. Louis by an act of March 2, 1819. Wiggins purchased the company about that time from James Piggot, whose original ferry route was powered by oarsman. A 12-1/2 cent note paid the fare for a passenger. In this case, the note was good for "ferriage." Others were good for "neat cattle" or an "ox" (Bankers Magazine, August 1861, p.156). Notes from the series are not known signed. Printed by P. Maverick, Durand & Co., apparently with the same denominations as the St. Louis Land Office/Post Office notes from the same imprint. A common layout was used for all denominations: titles are at the top, a large "12 1/2" is in the center, and TWELVE & 1/2 CENTS arcs across and above. The obligation underneath states: "in payment of ferriage or redeemed / at the St. Louis Exchange & Land office / in Notes current at Bank of Missouri." Lathe work ends show ILLINOIS at left and MISSOURI at right. A crisp note with complete margins. The finest-grade example from the series in the Newman Collection.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    November, 2018
    7th-10th Wednesday-Saturday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 221

    Buyer's Premium per Lot:
    20% 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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