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Nicaragua Canal Construction Company Certificate, 1892 [128588]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:40.00 USD Estimated At:80.00 - 150.00 USD
Nicaragua Canal Construction Company Certificate, 1892  [128588]
SOLD
60.00USD+ (15.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 Feb 13 @ 10:17UTC-8 : PST/AKDT
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Scrip certificate issued for $200 of the mortgage bonds of the Maritime Canal Company of Nicaragua in 1892. The Nicaraguan Canal was a proposed shipping route through Nicaragua to connect the Caribbean Sea with the Pacific Ocean. Scientists were concerned about the project's environmental impact, as Lake Nicaragua is Central America's key freshwater reservoir[4] while the project's viability was questioned by shipping experts and engineers.

Construction of a canal using the San Juan River as an access route to Lake Nicaragua was first proposed in the early colonial era. The United States abandoned plans to construct a waterway in Nicaragua in the early 20th century after it purchased the French interests in the Panama Canal. Fold lines. VG+. Uncanceled.

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Provenance: Ken Prag Collection