Very Cool 1872 $50 South Carolina, Columbia Obsolete Currency Note SCCR-8 George Washinton Graded cu

View Item in Catalog
 
  Lot #3779  (Sale Order: 1602 of 3171) 
PASSED
This lot was not sold.
Reserve Not Met
"Tax, Shipping & Handling and Internet Premium not included. See Auction Information for full details."

Payment Type:

Payment Type: Please Add / Select Card

Key Date Coins

Internet Premium : 18%
Shipping: Get Estimate

See Special Terms for additional fees
Cash Payment Discount: 3%
Location: Voorhees, NJ



 
Description Terms of Sale
Item Description: Translate description
Very Cool 1872 $50 South Carolina, Columbia Obsolete Currency Note SCCR-8 George Washinton Graded cu66 EPQ By PMG. These Very Cool Notes Are Nearly 150 Years Old . They were issued as an “IOU” to investors of the Blue Ridge Railroad Company, toward a tri-state railroad link-up that would facilitate trade in South Carolina. Enormous amounts of capital were necessary for railroad construction, some from private sources, but much of it came from state and local government funding. Each $50 note features a central portrait of George Washington that’s actually the same image we see on our current $1 bill—only much more detailed. On either side of this portrait are vignettes referring to South Carolina’s agricultural heritage. On the right is an image of a farm hand carrying a basket of cotton while with others can be seen picking cotton in the background. On the left is an image of a wagon full of cotton bales being pulled by horses who seem to be struggling under its weight. All of these designs are extraordinarily intricate and are a testament to the skill used to create the designs printed on this note!Taken To The Cleaners By The State Of South Carolina!When the news broke that the state of South Carolina needed millions of dollars to finance the reconstruction of the railroad, it seemed like a no-lose deal. Railroads were in their heyday, and the state guaranteed repayment. Famed industrialist Edward P. Wesley coughed up the dough and received $1,000,000 in notes designed like intricately engraved currency. But, in 1873, South Carolina reneged, leaving Wesley with the unredeemable notes. Wesley fought the state in the courts but lost. He was left with nothing but the notes.

Unable to retrieve AutoCheck Summary Report, please try back later.


Summary Vehicle History Report below provided by AutoCheck.

AutoCheck® vehicle history reports deliver information on reported accidents, odometer rollback, lemon vehicles, branded titles and much more.

AutoCheck found record(s) for this   


VIN:

Style/Body:

Engine:


Get the full report to learn more:

Know the exact vehicle you want? One report may be all you need.  Single Report $24.99

Researching more than one vehicle? Run as many reports as you like for 21 days Unlimited Reports for 21 Days $44.99
This item is part of MORE Post Baltimore Rare Coin Auction 16 pt 2
 Wednesday, Apr 24, 2024 | 9:00 AM  Eastern
 
Print This Page

Very Cool 1872 $50 South Carolina, Columbia Obsolete Currency Note SCCR-8 George Washinton Graded cu
Very Cool 1872 $50 South Carolina, Columbia Obsolete Currency Note SCCR-8 George Washinton Graded cu
Lot number: 3779
Seller: Key Date Coins
Event: MORE Post Baltimore Rare Coin Auction 16 pt 2
Ends: Wednesday, April 24 | 9:00 AM  Eastern

Message: 500 characters remaining

Cancel 

1.178.0.804.ccd3ec6.9.132