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    Description

    Exceedingly Rare and the Finest American Fork U.T. Scrip

    American Fork, U.T. - J. Chipman 5 Cents in Merchandise Undated (1870s). PCGS Fine 15.
    The Mormon currency subdivisions are numerous. The private scrip, co-operative issuer notes, tithing houses and storehouse notes from the Newman Collection contain several extraordinary notes that are now published for the first time. The paper scrip helped stimulate trade within the Stakes (overseeing the wards as a smaller division), wards, co-operatives and neighboring towns. This J. Chipman, American Fork private scrip is the second known to us. The other is the Nyholm plate note, sold at the Ford Part VI sale in October 2004 (ex: Boyd collection). That note had paper sheared off the right end and still realized $1,725. This note, with its rarity, could be cited as a "Very Fine" -- if we were writing a sale in 1908. Printed on white paper. Printed mostly in blue, with a double-line border. In red are: the "5" die that mimics First Issue U.S. Fractional Currency and bisects FIVE - CENTS and J. CHIPMAN at top. In between are the location and obligation; at the bottom is IN MERCHANDISE. Very boldly signed by James Chipman. The signature was faded on the Boyd-Ford example, but not on this exemplary note. Chipman was a prominent businessman who built a mill in 1888 and owned the scrip-issuing Chipman Mercantile Company. Bright and wide margined. One of the most impressive Mormon private issuer change notes we have ever encountered.
    Ex: Eric P. Newman Numismatic Education Society


    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 227

    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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