Scotia, MO - Scotia Iron Works Store $5 August 15, 1872. PCGS Extremely Fine 40. A final denomination from this Scotia Iron Works quintet and exceedingly rare, if not unique. In a style similar to that of the $3 note. Printed on white bond paper by the Democrat Lith. & Printing Co. with imprint. Bordered all around, with STATE OF MISSOURI at top and bottom, and corners showing a shield with interlocking US. At upper left is a spread-winged eagle (adapted from the National Bank Note Co. and also used on Ozark Iron Company's Store series). The right center has the title, city, date, and FIVE DOLLARS across with a large green \"5\" protector. At the right end, a train heads west below a \"5\" counter. The red back has RECEIVABLE / FOR / MERCHANDISE / AT / CASH PRICES in an oval flanked by outlined counters. This note was also \"Pen Cancelled\" at the left face \"April 9/[18]77.\" Printed serial number 101. Another beauty with wide margins and excellent paper body. The five Scotia notes have apparently been together for decades. This presents an important opportunity for all scrip note collectors to obtain high-grade notes from this virtually unheard-of issuer. Ex: Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28528, realized $2280. Image and description courtesy of Heritage Auctions, https://ha.com.
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