LOT #95377 |
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Unionville, SC- Cotton Planters Loan Association of the Fifth Congressional District of South Carolina $50 May 15, 1862 Shehee...
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Sold on Jul 27, 2025 for:
$1,440.00
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Description
Unionville, SC- Cotton Planters Loan Association of the Fifth Congressional District of South Carolina $50 May 15, 1862 Sheheen 1102 PMG Choice Uncirculated 64.Notes from this issue were backed by cotton valued at 6ยข per pound, as well as by the personal property of the stockholders. The notes were optimistically promised to be redeemable in gold within six months of the raising Union blockade of the South Carolina coast. This, of course, never occurred during the duration of the war. The center vignette depicts slaves harvesting cotton. A portrait of a young woman appears at upper left and a portrait of John C. Calhoun is at bottom right. The note, printed by F.W. Bornemann, is printed on the coupon portion of an unissued $500 7% Spartanburgh & Union Rail Road Company bond.
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Auction Info
2025 July 27 Summer U.S. Currency Obsolete Banknotes Showcase Auction #62406 (go to Auction Home page)
Auction Dates
July, 2025
27th
Sunday
Internet/Mail Bids: 6
Lot Tracking Activity: N/A
Page Views: 158
Buyer's Premium per Lot:
20% of the successful bid per lot.
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