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San Francisco, CA., Amador Canal & Mining Company $5 Issued Obsolete Banknote ca.1870s (1873)

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:1,700.00 USD Estimated At:2,500.00 - 4,000.00 USD
San Francisco, CA., Amador Canal & Mining Company $5 Issued Obsolete Banknote ca.1870s (1873)
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The auction will take place on December 16, 2025 at AIA's office located at 1060 Main St., Suite #202, River Edge, NJ 07661 beginning at 11:00 AM
San Francisco, California. Amador Canal & Mining Co., ca. 1870s, $5 Scrip. San Francisco, California; extremely rare private issue payable for water usage by the bearer; note states “an equivalent for a Five Dollar Gold Note,” referencing the National Gold Bank Notes then in circulation; regarded as among the closest forms to a true obsolete note from California; a seldom-seen and historically significant issue, Amador County, located along California’s central Mother Lode, was the state’s second largest gold-producing region, home to the towns of Jackson, Sutter Creek, and Amador City, and to major operations such as the Kennedy, Bunker Hill, and Keystone mines. The Amador Canal & Mining Company originated from the Sutter Canal & Mining Company in 1870 after acquiring the Butte Ditch Company’s water rights. Reorganized in 1873, it completed a 35-mile canal supplying water and motive power to nearby mills and hoisting works, greatly reducing mining costs. U.S. Mineral Commissioner Ross Raymond described it in 1874 as “one of the most important” regional enterprises. The company contracted with leading mines such as the Amador, Oneida, Maxwell, and Keystone. Its scrip notes bear the signatures of President J.S. Emery and Secretary V.N. Van Brunt. The date and bottom signature of Van Brunt is faded on this note, but the date appears to be 1873. This note was last auctioned and sold in the Heritage, September 9, 2004 auction for $690.00. This is the first time this note has been offered since that auction almost 25 years ago. (from the Lowell Horwedel Collection).