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Lot 19280

Image Information

Type Currency
Title Lot 19280
Country U.S.
Grade Very Fine 30
Service PCGS
Description Brackettown, NC - William A, Graham Gold Mines $1 18__. Remainder. PCGS Very Fine 30 Apparent. This enigmatic Obsolete private scrip note is exceedingly rare. The color tinted style is more suggestive of being emitted closer to the 1850s than during the 1830s (the heyday of the North Carolina gold rush), when the Bechtler family private gold coinage was made. We know of only three remainder notes from the issuer, two $1 notes, including this first time offering, and the $10 note that was sold in the Ford Part VIII Sale in January 2005 for $7,931.25. The notes are not known to us signed and issued. The puzzle is: Which William A. Graham authorized and ordered the notes? The first possibility is the wealthy William A. Graham (1804-1875, a well-connected political figure who served as U.S. and C.S.A Senator, Governor, and Secretary of the Navy). He or his son of the same name may have owned these mines; then again, it might have been someone else entirely. The uniface note was engraved and lithographed by D. Fell & Co. Xylographic Press, 2 & 5 Pearl Street, New York on thin bond paper. There is a complete and fine brown tint across the note outlining white GOLD MINES, protector ONE DOLLAR, and obligations. At the top center is a beehive vignette, with the hive in a flower garden and busy bees at work, like the $10 example known and published in Ford VIII. At the left is the issuer's name and at the right a panel with "1" counter, oval dies in the corners. PCGS notes "Minor Mounting Remnants on the Back" that are scattered, but show through to the face slightly. Well margined all around and much superior to the Ford VIII, Lot 1320, $10 note which had a roughly cut left edge. The other $1 denomination, described as Very Fine, sold for $11,500 in the Lyn Knight Currency 2008 Memphis Auction as Lot 3149. A fascinating North Carolina Gold Mines scrip meriting further, primary source research to determine its exact history. However, its great rarity is undisputed. Ex: Eric P. Newman Numismatic Education Society. Realized $3,760.00. Newman VI (Heritage Auctions, 4/2015), lot 19280. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part VI
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