Thursday, June 29, 2017

Pacific railroad bond, 1865

From: "John Kelsey"

I have bond #58 of the 1865 railroad bond & would like an estimate of its insurance value. I do not plan on selling it since my great-great-grandfather was E.B. Crocker who was the lawyer for the Big Four. ... My great-grandmother was Jennie Crocker Fassett. ...

Here are the best photos I could take of this Pacific Railroad bond. It is signed by M(W?) R Shaber (Shabir?) on the right side above the coupons. There are 31 coupons still attached and the bond has been cancelled. It's in very good shape other than wrinkled and a couple creases from being folded. ...

If you might comment on the insurance value (just an estimate) I will appreciate it. I have been to the RR Museum in old town Sacramento & the Crocker Art Museum twice each which are 2 great places. ...

Any thoughts will be appreciated.

—John Kelsey

Pacific railroad bond, 1865

Pacific railroad bond, 1865


Anonymous Anonymous said...

Can't be of much help with the insurance value, and unable to make an appraisal.

Only have price data for a single bond, which was sold for $150 probably at least two decades ago. But that bond had a tax stamp affixed, and was sold at a stamp auction, so the price primarily reflected the value of the stamp, not the value of the bond.

Don't know how many survived the SF 1906 earthquake. Heard indirectly that someone had a stack of them for sale years ago, but don't know the number or the asking price.

6/07/2021 3:50 PM  
Anonymous Anonymous said...

See related.

6/07/2021 3:57 PM  
Blogger CPRR Discussion Group said...

On Jun 6, 2021, at 8:50 PM, "John Kelsey" wrote:

Hello, I have Dutch Flat bond #58 from the start of the RR. How many of the original 1000 bonds still exist & what value do they have? I am the GGG Grand son of E B Crocker & would just like to know.

6/07/2021 4:08 PM  
Anonymous Anonymous said...

Please note there are no rips or tears, just some folding.

—John Kelsey

6/07/2021 4:09 PM  
Anonymous Anonymous said...

Can you please clarify why the description is "Dutch Flat"? The bond indicates it was issued by the City and County of San Francisco.

Is the description "Dutch Flat" because the San Francisco bonds were the subject of the "Dutch Flat Swindle" pamphlet?

Believe this is the same bond that you inquired about previously [see above].

6/07/2021 4:13 PM  

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