||Denver, CO - Colorado Telephone Co. 5 Cents in "Talks Over Toll Lines" Jan. 1, 1890. PCGS Choice About New 55. The late nineteenth and early twentieth century Western States and Territories used scrip notes that were unlike those in the East or South during the war. Without any short nickname for them, they might be classified as "This is not intended to be used as money" notes. That warning on the notes was discretely placed at the top or in the obligation to comply with federal law. However, they did circulate as money as, in some of these communities, there was no small change. Alternatively, the notes were intended by the issuing companies for use in their stores or to meet payroll. Colorado has more different issuers observed than in other areas, and this is certainly an interesting topical piece in top condition. The style seen here is typical, with the text in blue, a red "5" numeral at center and an emblem at the right. The unique obligation is interesting since it designated the notes "good for talks over Toll Lines." There is no imprint on this note, but the style is similar to that of Gast, St. Louis who printed many of these notes during the period. The ornate brown "Persian Rug" back has a white "5" in the center. This is among the most interesting scrip notes from this period. Ex: Eric P. Newman Numismatic Education Society.
Realized $2,350.00. Newman VI (Heritage Auctions, 4/2015), lot 19441. Description courtesy of Heritage Auctions.