3082

Satirical "Teddy Bear" Note Goldfield [200276]

Currency:USD Category:Coins & Paper Money Start Price:300.00 USD Estimated At:600.00 - 1,000.00 USD
Satirical  Teddy Bear  Note Goldfield [200276]
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Fanciful propaganda scrip circa 1907 used by Goldfield mine 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". This piece is folded, lightly worn, and slightly off-center. Mining company scrip was commonplace in eastern mines, made an introduction in Colorado mines and other Western states, but in Nevada miners wanted to be paid in gold and silver, the same metals they mined. Nobody accepted the scrip system, and it collapsed after the miners strikes in the 1905-1915 period. Extremely rare, 7 x 3 inches. A similar piece sold in our Western Trails sale in 2022 for $610.
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Date: 1907
Country (if not USA):
State: Nevada
City: Goldfield
Provenance: Douglas McDonald Collection