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Empire City Subway Co., Ltd. 1892 Specimen Bond

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:60.00 USD Estimated At:100.00 - 160.00 USD
Empire City Subway Co., Ltd. 1892 Specimen Bond
SOLD
60.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Dec 10 @ 16:40UTC-4 : AST/EDT
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New York, 1892. $1000 Specimen 6% First Mortgage Gold Coupon Bond, Black text with brown border and underprint, Allegorical woman reclining on winged wheel at top center. Red specimen overprint, 00000 serial numbers, and POCs. Fine condition, FBN. Empire City Subway is an American company in New York City which is responsible for maintaining underground conduits in Manhattan and The Bronx, and the manholes by which those conduits are accessed. The company was formed in 1891 as part of a plan for common utility ducts to consolidate all utilities underground. Incompatibility among the utilities limited the range of utilities that could share their ducts, so the company now operates as a wholly owned subsidiary of Verizon New York Telephone under a franchise from the city.