2332

Miners Union Scrip, Goldfield (Fanciful, Very Rare) [145082]

Currency:USD Category:Coins & Paper Money Start Price:500.00 USD Estimated At:1,000.00 - 2,000.00 USD
Miners Union Scrip, Goldfield (Fanciful, Very Rare)  [145082]
SOLD
500.00USD+ (110.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2022 Feb 25 @ 13:11UTC-8 : PST/AKDT
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Fanciful propaganda scrip c. 1907 used by Goldfield, NV mine union workers demanding cash pay from the mine owners headed by George Wingfield who had instituted a scrip system as one way to break the union. Obverse reads "Exploitation Mercantile Company," "Good for Five Dollars in Trade," Branch of the Consolidated Mines Company," "Teddy Bear Currency," signed by E.Z. Marks/Cashier. Reverse reads "This is the Only Kind of Money Nevada Will See if the Goldfield Miners Union Lose the Strike Against the Infamous Scrip System." Accompanying article and photos from Online Nevada Encyclopedia. This is unarguably the most important Nevada scrip note extant, and this piece is in AU+ condition, possibly the finest known. Mining company scrip was commonplace in eastern US mines, made an introduction into Colorado and some other western states, but never took off as a money source. Out west, miners wanted to be paid in gold and silver, the same metals that they mined. In Nevada, nobody accepted the scrip system, and it collapsed after the miners strikes around the West in the c1905-1915 period. Extremely rare.

Date:
Country (if not USA):
State: Nevada
City: Goldfield
Provenance: Bill McKivor Collection