5675

Very rare, possibly unique, bond for the Nevada Southern Railway

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:75.00 USD Estimated At:150.00 - 400.00 USD
Very rare, possibly unique, bond for the Nevada Southern Railway
SOLD
120.00USD+ (30.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Dec 09 @ 13:43UTC-8 : PST/AKDT
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$1,000 gold bond dated 1880. Not endorsed, although two different color pencil inscriptions at the bottom are dated April and January 1881. From the text on the bond, the railroad line was to extend from Ledlie in Lander County to Cloverdale in Nye County, Nevada. This is confirmed by Thompson & West, 1881. They also add that it would pass through the mining region of Grantsville and that it was never completed. Issued at the rate of $12,000 per mile. Ornate border and text. Three vignettes: two mining and one of a locomotive. Printed by the American Bank Note Company. Condition: creases and horizontal and vertical folds. 17.75" x 11.5". Using the Reno Evening Gazette, the history of this VERY short lived railroad can be followed from March 6, 1880 (surveying) to November 18, 1881 (sheriff selling road). Interesting reading. State: City: Date: HWAC# 99354