||(New York, NY) - California, New York & European Steamship Company, San Francisco or New York $50 in Fare, Freight or Gold 1864. Remainder. PCGS About New 50. This is a popular and interesting transportation note from the later Gold Rush period. Printed on bond paper with an Archibald McClees, New-York imprint. There is a full light orange tint with a very fine "50" repeating lathe pattern. At the center, under the title, is a male portrait. The left end panel has "FIFTY" and the right, "$50." Across the note are detailed text and obligations; the date 1864 is in white, outlined within the bottom center of the tint. There is a tiny base vignette of a ship. The scrip was redeemable in gold (at their discretion), but its primary purpose was to pay for passage for voyages on the company line from San Francisco, New York, and Europe. Over the years we have seen various dates, but usually before or after the Civil War. There were Southern blockades by the Union, and Europe was considered an ally of the South. Not rare as a type, but desirable as a Civil War-dated piece. Ex: Eric P. Newman Numismatic Education Society.
Realized $364.25. Newman VI (Heritage Auctions, 4/2015), lot 19449. Description courtesy of Heritage Auctions.