| Description |
[New York, NY] � Roosevelt St. Ferry Foot Pass Good for Half Cent ND (1850s-1870s). Cardboard Chit. PCGS About New 50 Apparent. Likely unique and with an important odd denomination collection pedigree. In June 1853, F.C. Havemeyer and his partners obtained a lease to run a ferry from Roosevelt Street in New York to Bridge Street in Brooklyn according to Historical Sketch of the Fulton Ferry. The lease stipulated that the ferry would run "at least once in every half hour, unless prevented by the elements, from sunrise to eight o'clock in the evening of each day." The lessees decided that instead of the one required boat, they would run three, hoping thereby to increase their profits. Instead, they ran it at a loss, selling out to the Union Ferry Company, who began operations with two boats in December 1853. According to volume 3 of A History of the City of Brooklyn October 1856, they began running only one boat, eventually selling in 1860 to the Brooklyn Ferry Company. In 1867, a ten-year-lease was issued to the New York and Brooklyn Ferry Company. A bright yellow cardboard chit with black dotted bordering and printing in three lines. 3.8cm by 2.1cm. No imprint. Noted with "Paper Pulls on Back; Small Edge Tear at UL." However, it has an excellent location, historical title, and might be a unique example . Ex: Criswell's Denomination Collection; Smythe & Co.'s Schingoethe Obsolete Currency Collection Part 7, July 11, 2006, lot 1253; Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20169, realized $504. |
