Fort Smith City, AR - M. Mayers & Bro. - Payable in Multiple Locations 25 Cents Dec. 18, 1861 Rothert 234-1. PCGS Fine 15 Apparent. Of all Civil War-era scrip notes, those issued by M. Mayers & Brother are among the most complex. Issued in several series, they were printed on various types of paper and used different counter and vignette placements, differing plate letters, and overprints. The multiple payable locations make this series interesting and diverse. These frontier trade bills from this strategic border state are of interest to all Civil War note collectors since the notes traveled for redemption to other areas of Arkansas, Texas and the Indian Nations. Matt Rothert, author of Arkansas Obsolete Notes and Scrip (1985, Society of Paper Money Collectors, Inc.) collaborated closely with Eric Newman, and many Newman Collection notes are plated in his book. The Mayers & Brother notes offered in this Part VIII sale form the most comprehensive group of such notes in any auction to date. Nearly all the types listed in Rothert are found in the Newman Collection, and the notes offered here appear to form a significant percentage of the framework for the listings. Though notes from the issuer are not rare, they circulated heavily and are difficult to locate in Fine or better condition. This 25 cents from the first December 18, 1861, series is printed on brown paper. The face shows an eagle flying at top center and cartouches in the corners showing \"25\" at the top and plate letter \"A\" at the bottom. The last digit of the date is written. These notes were payable at five locations: Stirman & Dickson, Fayetteville; White & Hanley, Van Buren; Alexander & Allen, Sherman, Texas; J. M. Smoot, Denton, Texas; and F. H. Nash, Fort Gibson, C.N. There is a red Mayers stamping on the back with the title and location properly oriented and the word DRUGGISTS inverted. A small portion is missing at the bottom right edge. Noted with \"Edge and Internal Splits; Hinge Repairs on Back; Piece Missing at LR.\" A boldly printed note with sharp signatures. This is from a scarcer series payable in the Cherokee Nation. Ex: Eric P. Newman Numismatic Education Society\n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 29073, realized $384. Image and description courtesy of Heritage Auctions, https://ha.com.
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