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Lot 19356

Image Information

Type Currency
Title Lot 19356
Country U.S.
Grade Very Fine 25
Service PCGS
Description Great Salt Lake City, U.T. - Deseret Currency Association $1 Series A March 4, 1858 Rust 86 Nyholm 105. PCGS Very Fine 25 Apparent. The 1858 Deseret Currency Association acted essentially as a bank. The notes, typeset in three distinct series and later engraved from copper plates, were the next evolution of Mormon paper currency. In 1858, there was mounting pressure in the Mormon community that the United States government was going to intervene in Utah with Johnston's army. There were no direct battles, but there were actions, guerilla incidents and casualties from the one-year "Mormon War." The lack of specie in circulation or held back by the population to facilitate commerce made these notes necessary. This Series A note is very rare and is hand signed by Brigham Young at the lower right. A typeset note, printed at the Deseret News office, without imprint, on white paper. The simple design uses different fonts, and has titles across the top and block "1" at the right end. The obligation is interesting as this was payable "in Livestock." Apparent, with this note cited as having "Splits, Tears, and Damage; Backed." A typeset piece is seldom encountered, and the Brigham Young signature is excellent. The Ford VI Sale, Lot 625, ex: Clifford note was similar to this example and realized $9,775 in October 2004. These notes are never easy to estimate, but they are also difficult to come by and this example is pleasing enough to represent this historic series nicely in any collection. Ex: Eric P. Newman Numismatic Education Society. Realized $11,750.00. Newman VI (Heritage Auctions, 4/2015), lot 19356. Description courtesy of Heritage Auctions.

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