Early Christmas ~ .25 Fractional

Kris Kringle came a little early this year. All I can say is this is one of the nicest pieces in my collection and I absolutely love the artwork. The engraving is really something else!

Hope you like looking at it as much as I do!

Best Wishes ~ Darryl

 

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very attactive, it is a Merry Christmas to you!

 

Congrats and Happy Christmastime!!!

That's a great looking piece. Something I have not ever laid eyes on. I love the depth of the mining vignette on the back and that all the corners of the face have different types of flourishes.

Do you know what this dates to or who printed/engraved this one? Wondering if maybe these companies were able to order these from the big regional security / bank note companies of the day for use as scrip(?) for their employees. I do believe that these were issued to employees of the mines, correct? A very controlled system of paying ones employees then restricting where and what they could use the very money they paid you back for services/sundries, etc. Is that right?

 

Great looking piece!

 

The engravings are excellent!

 

An absolutely beautiful piece Darryl, congratulations. I was curious about the company, so did a real quick internet search. I don't know when they were founded, but the company went out of business in 1881. That's about all I found on them.
When I see pieces such as yours, I want to get into collecting paper. I probably will at some point in the near future, at least in a small way. Nice addition to your collection.

Bruce

 

Thanks Bruce for the post. When I received the note yeterday I also found the same information you did. The note came to me as a total surprise so I am also working to find out more about it. I am sorry Chris that I cannot yet answer you questions. As I find out more I will update the thread. It is a beautiful piece and a wonderful gift!

 

Very sharp Darryl!!

 

Spectacular piece and I'm pretty jealous. Congrats!

 

Very nice fractional,Ihave never seen it .....engravings on bothsides are very detailed must find out who made it,please let us know,Merry Christmas & Happy Holidays Darryl.

 

Found a few more examples

Another one, here: Approx. date given of 1880.


Two with different denominations from past Heritage Auctions (pics at the Lot# links below):

Sale Number: 30111
Auction Date: Wednesday, November 15, 2000

LOT# 10452
5 cents New York and East Tennessee Iron Co., Cove Creek, TN, Gem CU.
This beautiful example is crisp, well centered, and free of any noticeable blemishes or signs of handling.
Sold for: $19.00.

+++

Sale Number: 38034

Auction Date:Tuesday, March 25, 2008

LOT# 34306
Cove Creek, TN- New York and East Tennessee Iron Co. 10¢ Undated
An attractive fractional issue with a bold green back design.
Choice Crisp Uncirculated.
Sold for: $57.00.


Having looked around a bit and seen each of these, they're pretty cool. You might be able to work on putting together a nice short set of them.

Makes me wonder if the New York and Tennessee Iron Co. also made any coins (store tokens)???


+++

Just digging, looking under every stone:

The Papers of Andrew Johnson September 1867-March 1868 from Google Books

N.Y. and East Tenn Iron Co. (Organized in 1867)
164 Maiden Lane, New York, NY

The address would have been located close to the east side of lower Manhattan, not far from the financial district.



Showing operational rights from Tennessee 1870 Law:

March 2nd 1870 Acts of the State of Tennessee passed at the General Assembly from Google Books



Cove Creek, TN on Home Town Locator


This link is a PDF document from the Tennessee State Library & Archives online accessed via keyword search on the Tennessee Historical Commission web site. The document lists several photographic slides of the .25¢ New York and East Tennessee Iron Co. bank note and other fractional denominations. The PDF does not have any illustrations of the notes or additional information. The file is dated 2009.10.29, fairly recent as of this search.


My search for similar vignettes or stock certificates from scripophily.net were unsuccessful. I also did not find any similar vignettes of the miner/mining scene in Hessler's The Engraver's Line.

 

Thanks Chris,

I am still looking for more information and spent a fair amount of time yesterday. The picture below is a partial from Heritage of a $1. Notice the word Hatch at the bottom. Wondering if this was printed by Hatch and Company of New York. Here is an example of their work from this time period (see link).

http://www.deerrunmercantile.com/newyorkunioncurrencyrondout05102550unc.aspx

The Hatch family seems to have a long/broad and successful history in the printing business.

Best Regards ~ Darryl

 

VERY nice!!!

 

Here is some additional information about the company. Also Names George Taylor as President - His signature is on my note.

Pottsdale Furnace, New York and East Tennessee Iron Co., Greeneville,​

Greene County. One stack, 32 x 8J, built in 1862; cold blast; water-power; open top; annual capacity, 2,500 net tons. George Taylor, President, and F. A. Potts, Secretary and Treasurer, 110 Broadway, New York; J. A. Trim, Superintendent. Out of blast since February, 1874.​

There seems to be 7 notes that have been documented in various places: .5, .10, .25, .50, $1, $2, $5

Here is some additional information I have found:

From: Standard paper money catalogue: including colonial and continental notes

By Scott Stamp and Coin Company, Inc​

http://books.google.com/books?pg=PA...lt&id=fyVKAAAAMAAJ&ots=p5s1U6UtIg&output=text​

​

"WILD CAT" ISSUES.
The following issues, popularly known as "Wild Cat" Currency, comprise notes of cities, corporations, etc., issued in the form of Bank Bills, and generally resembling them in style of engraving, and, with a few exceptions, in size. They are arranged, similarly to the Bank Bills, according to States and places, with the denominations known to us of each issue. The greater part of them bear date prior to the War of the Rebellion.
As in the case of Bank Bills, some specimens are common, and are to be had in large quantities, in good condition, at very moderate prices. Many on sale between 10 and 15 cents.
Figures in larger type denote the particular denominations that have passed through our hands, or may be found in the most important collections in the country, to which we have had access.

​

Cove Creek.
1 New York & East Tennessee Iron Co., 1, 2, 5.


For all four fractionals:


http://www.stacks.com/Lot/ItemDetail/28644

 

- More to follow I hope...


I have yet to see the $2 and only know of 1 $5 at the moment. These may be the hardest to find and buy.

 

That is excellent additional history and the Stacks link was great to see them all together like this. I had a sneaking suspicion this may have fallen into a 'wild cat bank' type of category.

As an aside, I also noticed that the back of the .10¢ note showing a dog sitting near a safe was a similar motif to one from the Hatch link you posted earlier.

 

When I get a closer look at the dog and the background in the NY ET Iron note, I'll post images... They do seem similar in there composition. Good Eye!

 

Notice anything different about this image compared to the one in the OP? Hoping to gather more clues about the company that printed the note.

 

I do know that I had seen this vignette portrait before but I didn't know from where she came...

 

Here are the 5 cent and 10 cent up close. The 5 cent is an error on the reverse, wonder if it is worth a premium? They are now happily part of my collection and almost half way to a complete set.