||Tuscon, AZ - Lord & Williams, Tucson, Arizona Territory 10 Cents No Date (Ca. 1870s-80s) Durand AZT-4. Remainder. PCGS Fine 15 Apparent. Arizona Territory scrip notes are rarely offered and are traditionally the domain of advanced collectors. This is the rarer denomination from the Lord & Williams series and was not in the Ford XX sale. As with all the notes from the series, printed on both sides on sturdy bond paper. This note is finely lithographed with the imprint of M. Thalmessinger, Stationer, 387 & 389 Broadway, N.Y. on the face. At the left is a standing allegorical female representing Bounty, one arm upraised while the other carries a branch. One of her cherub companions holds a sheaf of wheat; the second spills coins from a cornucopia. Titles and obligation are at center with a counter at lower right. The ornate green back has a diamond shaped emblem with "10" in the center. The date and signature are falsely accomplished. Directory ads from the period indicate that partners Charles H. Lord, M. D. and W. W. Williams did business in several areas, acting as exchange brokers and bankers as well. The company's strength was reliant on its two major stores and the mining boom. When the boom was over, the stores closed; on October 27, 1881 the firm failed, impacting the local businesses. The resulting loan foreclosures from the Bank of California to Lord & Williams left the exchange holders and specie depositors with nothing. Observed printed denominations are 5 cents, 10 cents, 25 cents, 50 cents, $1, and $5 (only one known, the Ford XX example). No issued notes are known from the series. Apparent, and noted with a "Small edge Tear at Top Left of Center." However, the note is well margined all around and shows clean surfaces. This is a desirable Arizona note and an excellent representative of the Territorial period paper money. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,995.00. Newman VI (Heritage Auctions, 4/2015), lot 19436. Description courtesy of Heritage Auctions.