Clembo, Thank you Sir for the wonderful little note you sent my son AJ! I will scan it and post some pics here later tonight or tomorrow! Salute!!:bow: RickieB
That's an awesome gift. Gotta love trains. I'm starting to get frustrated with how hard it is to find Utah quarters.
Thats an awsome note RickieB, and very nice of you to clembo!!! :thumb: but, it is an Indiana note they just had an office in New york
Hey Daggerjohn... You are correct about the office. I did a little research on the piece. Here is what I discovered. 1. It is an interest cupon issued by the railroad for a build out trunk line in the mid to late 1800's. 2. It was printed by the Western Bank Note Company in Chicago 3. It was redemeable in Gold Coin $20 4. It's value is diminished since it is not legally a Bank Note.... %. Thanks again to Clembo for such a cool little railroad piece that my son loves! RickieB
Quick question I see the date of 1947 on the coupon, and that the coupon is valued at $20, but I don't see anything about the $20 being in gold coin. Furthermore, I thought that gold coins could not be used in commerce following 1933?
the wording on the coupon itself says ..."city of new york twenty dollars $20 in united states gold coinbeing for six months interest"... i'm not sure about the gold in commerece thing... not sure how that worked.
Wow, great note Rickie! Another stunner. :thumb: I'm sure AJ loves it. And very nice of you clembo! :thumb: Knew you were a nice guy deep down. Just pickin. Phoenix
Thanks guys - guess I am nice on occasion I bought a few of these years ago at a local show just because I thought they were cool and, of course, CU paper! I saw Rickieb's post about the railroad stuff and thought of these. Hey everyone RickieB has given enough stuff away so it was about time he got SOMETHING. Hope AJ holds on to this one forever!
What do you know!! it does say gold coin. Really weird since gold coin and gold certificates were not permitted in circulation.
I found out why the reference to Gold Coin is still on Interest cupons like these all the up to the 1980's! The plates were made and most were used into modern times, the reference to Gold was never removed even though the Gold standard died in 1933. Asked an old timer about this at the Boston Show and that was the answer I got!! RickieB
