Choice and Extremely Rare Coal & Iron Company Scrip

    Shawnee, OH - New York & Straitsville Coal & Iron Company 5 Cents June, 1882 Wolka 2419-01. PCGS Fine 15.
    A rarity that deserves appreciation on several levels. Graded "Fine," it is actually choice for a store scrip of this genre. Coal & Iron workers in this era did not use Lava soap before going home, and these change bills were locally necessary at the company store. Most were redeemed, making the majority extremely rare. A fully signed and issued note. This uses the clause "This is not intended to be used as a circulating medium" to comply with the law. Printed on thick paper without imprint. The factory is in the center; an eagle is at lower left; and plow and wheat are at lower right. The green back shows a perpendicular scene of coal miners at work. We have one sale record, the Wendell Wolka sale of course, and his 10 cents in Very Good realized $764. In its favor, a 4th issue 10 cents vignette. In this example's favor, a desirable pedigree and superb grade for such a note. It might be unique as a denomination.
    Ex: Eric P. Newman Numismatic Education Society

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    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Internet/Mail Bids: 8
    Lot Tracking Activity: N/A
    Page Views: 197

    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.
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