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    Description

    Nauvoo, (IL). Seventies' Library and Institute Association 1 Share Feb. 7, 1845 Rust 39 Nyholm 57 PMG Extremely Fine 40. A rare Mormon note with this being the first example to be a part of our auctions. The Seventies were a priesthood body founded by Joseph Smith, Jr. on February 28, 1835. It was responsible for preaching the gospel to all peoples. The Seventies were also instructed to acquire items for the Mormon library during their travels. Ordinary Mormons could donate books to the library, too. Members who donated books were entitled to one share of stock in the library valued at $5. These stock certificates were pressed into duty as a circulating medium due to a shortage of small change. The certificates were signed by both Geo. A. Smith as president of the association and John D. Lee as regulator. The former was a first cousin of Joseph Smith. John Doyle Lee was an early leader of the Latter Day Saints. He would be arrested in 1874 for his complicity in the Mountain Meadows Massacre that took place in September, 1857. Lee's first trial ended in a hung jury. Lee was later found guilty in a second trial. He was sentenced to death and was executed by a firing squad on March 23, 1877 at Mountain Meadows. This bright example is boldly embossed and was folded into fourths. It is a premium example for the third party grade.

    Auction Info

    Proxy Bidding Ends
    March
    4th Wednesday 12:50 pm CT
    Auction Dates
    March
    4th Wednesday
    Proxy Bidding Time Remaining
    14 Days 13h 48m 5s
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: 7
    Page Views: 142

    Buyer's Premium per Lot:
    25% on the first $300,000 (minimum $49), plus 20% of any amount between $300,000 and $3,000,000, plus 12.5% of any amount over $3,000,000 per lot.

    This lot is in: 1 - Signature® Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 45001-45248) - 1:00 PM Central Time, Wednesday, March 4, 2020 (2:00 PM Eastern Time).
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session.)

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    Additional Location Info:
    Ukrainian Institute of America at The Fletcher-Sinclair Mansion2 East 79th StreetNew York, NY 10075

    Current Bid:
    $1,750
    Bid Protection
    w/ Buyer's Premium (BP) : $2,187.50 Minimum Next Bid: $1,800 ($2,250.00 w/ BP)
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