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Description

Mining Boom Town Bank Panic Depression Scrip. A widespread financial panic causing runs on banks and a short supply of Federal notes necessitated a form of currency to keep banks in operation. Although illegal, the government ignored currency laws banning them. Pair of "Rhyolite Clearing House Certificate[s]", each 7.25" x 3.5", not filled in, Rhyolite, Nevada, November 30, 1907, in the amounts of $10 and $20. These notes, backed by securities on deposit, were redeemable at the Bullfrog Bank & Trust Company and the First National Bank of Rhyolite. Printed by Britton & Rey of San Francisco.

Auction Info

Auction Dates
May, 2010
22nd Saturday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 1,129

Buyer's Premium per Lot:
19.5% of the successful bid per lot.

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