||Houston, TX - W.H. Eliot $1 January 1, 1864 Medlar 122. PCGS Very Fine 25 Apparent. A rare private Druggist and Apothecary scrip note and perhaps a "sleeper," listed only as Rarity-6 in Medlar (6-10 known); it appears not be in the DeGolyer Library collection at SMU. Like most of these local notes, without an imprint. This example was printed on the back of a bond certificate. A fancier note than usual, with ONE DOLLAR across, city and date above, and bolded "I" at bottom center. Filigree detailed cartouches are at each end, with the issuer name and profession left and One Dollar at right. This is bright from the face, and noted by PCGS as "Tape Repaired Edge Split at Bottom Center; Small Edge Tear to LL." We have one auction record from the William A. "Bill" Bond collection sold in the January 2007 FUN sale, Lot 13013, for $184 in Fine condition, rather reasonable at the time for the interesting topic and style. This presents an excellent opportunity for a note type that is undervalued when weighed with its merits. Ex: Eric P. Newman Numismatic Education Society.
Realized $305.50. Newman VI (Heritage Auctions, 4/2015), lot 19334. Description courtesy of Heritage Auctions.