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33 1/3 Cent Alabama & Chattanooga Rail Road Company PMG AU55

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:1.00 USD Estimated At:550.00 - 650.00 USD
33 1/3 Cent Alabama & Chattanooga Rail Road Company PMG AU55
SOLD
225.00USD+ buyer's premium
This item SOLD at 2017 Jan 15 @ 13:46UTC-8 : PST/AKDT
John C. Stanton cobbled together two failed railroads and turned them into the Alabama & Chattanooga Rail Road via complex financial maneuvering after the war. The railroad defaulted in 1871 and was declared bankrupt shortly after. This odd denomination ticket was used for employee meals and is one of the few notes available with this denomination which makes this an always sought after note with collectors. PMG Graded About Uncirculated 55 and noted as previously mounted. PMG Certified.