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NV. Society of Pacific Coast Pioneers, 1877 to 1879, Promissory Note I/C Trio.

Currency:USD Category:Collectibles / Documents Start Price:80.00 USD Estimated At:150.00 - 250.00 USD
NV. Society of Pacific Coast Pioneers, 1877 to 1879, Promissory Note I/C Trio.
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Virginia, Nevada, 1877. Lot of 3 I/C early engraved promissory notes issued by the Society of Pacific Coast Pioneers, denominated in gold coin of the United States. Includes $5, $10, and $20 notes, each bearing the vignette of a bear and forest at center, ornate border corners, and manuscript dates of March 18 and March 29, 1877. Each note promises payment with 1% monthly interest, pursuant to a vote of the Society on February 22, 1877, and is signed by the secretary and president with “PAID” noted at bottom. AU to Uncirculated condition. (3). Founded in 1877, the Society of Pacific Coast Pioneers was created to honor the early settlers who helped shape the western territories before statehood. Its members included miners, merchants, and frontiersmen who took part in the Gold Rush and early development of Nevada and California. The organization preserved pioneer history through reunions and records celebrating the region’s earliest builders and explorers. These denominated bearer notes, $5, $10, and $20, represents an early private obligation of the Society of Pacific Coast Pioneers, payable in gold coin of the United States three years after date with interest at one percent per month. Though formally promissory notes, their printed denomination, payable-to-bearer clause, and engraved presentation suggest they may also have circulated locally among Society members and Virginia City merchants as a form of short-term, interest-bearing scrip. The Society, founded to honor and assist early settlers of the Pacific Coast, issued these notes pursuant to a vote of the organization dated February 22, 1877, likely as part of a fundraising or membership-financing effort.