||Hawaiian Islands $___ in Gold Coin No Date (1879) Certificate of Deposit SCWPM-UNL. Remainder. PCGS Choice About New 58 Apparent. This unusual Hawaiian Islands example appears to be a temporary note, printed locally on bond paper, without an imprint. The denomination was to be written numerically in the "$" shaded blocks at the top, and in words across the center. Under the denomination block are rows of "$50" repeating, to be punched out as necessary to prevent note raising. The title layout and vignette style are very similar to the $20 and $100 Silver Certificates, but this is a uniface lithograph note. The arms are in the center in an oval. To the left is a train heading west and to the right, a steamer at sea is heading east. At the bottom are serial number blocks. The signature spaces are like those on the color-tinted, engraved notes, and designated for the same officers. This note is partially accomplished, and the signature at the right is properly penned. Hole Punch Cancelled and noted "Paper Toned." This is a mysterious piece, but in the 1880s there were economic problems in Hawaii, partly due to the over issuance of Silver Certificates and the minting of coins from cheap Comstock silver. The first we have seen of this eclectic note. Ex: Eric P. Newman Numismatic Education Society.
Realized $11,162.50. Newman VI (Heritage Auctions, 4/2015), lot 19446. Description courtesy of Heritage Auctions.