May 14, 2014

Archives International Auction 19

A few days ago, Bob Schwartz released another beautiful, full color catalog for his upcoming 19th auction from Archives International Auctions. This new sale will be held in Fort Lee, New Jersey on Tuesday, May 20.

This particular sale will offer 633 lots, primarily of collectible paper of many different types. The bulk of the sale consists of foreign bank notes in both issued and specimen form. Having said that, the bank notes touch all sorts of U.S. specialties including large and small size U.S. and even a few lots of fractionals.

There are several lots of autographs and handwritten letters, particularly from Francis Spinner and Samuel F. B. Morse. For those of you familiar with "Short Snorters", Bob is offering a $1 series 1935A with 14 signatures, including those of Truman, Eisenhower, Marshall, Bradley and Leahy.

There are about 98 lots of stocks and bonds. Of that number, 35 lots are rail-related. Twenty eight lots are specimens, with the standout being a $1000 coupon bond from the Yosemite Valley Railroad Company. That bond is illustrated with an engraved image of Yosemite Valley and one of those sold in a 1997 Harmer sale for $1,100.

Also represented are three Central Pacific Railway bonds ($1,000, $5,000 and $10,000) with a portrait of Collis Huntington at the top. These have historically sold in a range from $140 to $531. While the market is still very low compared to its historic high, I feel obliged to reiterate the obvious, "They aren't making any more of these things!"

Also notable to my eye are bonds from the Los Angeles Railway Company and the San Pedro Los Angeles & Salt Lake Railroad Company.

You may still have time to get a printed catalog, but if you don't, you can download the entire catalog in flipbook form from the Archives International Auctions web site.

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