Rare 1865 bond of the Republic of Mexico gavels for $8,555 at Archives International Auctions sale An 1865 bond of the Republic of Mexico, signed by General Gaspar Sanchez Ochoa, who was dispatched to the United States by Mexico as a secret agent, sold for $8,555 at an auction held Oct. 24 and 29.
News-Antique.com - Jan 20,2016 - FORT LEE, N.J. – An 1865 bond of the Republic of Mexico, signed by General Gaspar Sanchez Ochoa, who was dispatched to the United States by Mexico as a secret agent after that country’s invasion by France in the 1860s, sold for $8,555 in a two-day, two-session auction held Oct. 24th (in New York City) and Oct. 29th (in Fort Lee, New Jersey) by Archives International Auctions.
The bond was the top achiever of the 902 lots that changed hands (out of 1,261 offered, for a 71.5 percent sell-through rate). Sold were U.S. and worldwide banknotes, coins, scripophily, Liberty Loans, Federal bonds, security printing ephemera, a collection of obsolete banknotes, Southern and Confederate bonds consigned by a Southern gentleman, the Arthur Matz collection of modern world banknotes, the Harry Rinker collection of U.S. colonial banknotes and more.
Session I was held Saturday, Oct. 24th, at the Museum of American Finance, located at 48 Wall Street in lower Manhattan, in conjunction with the fifth annual Wall Street Coin, Currency & Collectibles Show with Session II being held on Oct. 29th in Archives International Auctions' offices, at 1580 Lemoine Avenue in Fort Lee, N.J.
“The auction attracted considerable attention and aggressive bidder participation with excellent results and high prices with many areas showing considerable strength,” said Dr. Robert Schwartz, President of Archives International Auctions. “Scripophily (the collecting of stocks and bonds) showed a major improvement from the past three years, while conservatively estimated and priced material sold for strong prices.”
Following are additional highlights from the auction. All prices quoted include an 18 percent buyer’s premium.
The sale began with historic artifacts and objects, highlighted by an 1867 Western Union stock ticker ($5,605); a gold rush-era Currier lithograph with early aviation references ($1,475); a charging bull sculpture by Arturo Di Modica ($1,475); an original aquarelle by Joel Iskowitz, the designer of Congressional gold medals ($3,580); and a “Bad Accident” mechanical bank ($856).
Early whaling-related Hawaiian Bills of Exchange came up for bid, one dated 1836, the second 1858 ($620 and $797, respectively). A large collection of U.S. and worldwide scripophily was offered, with over 475 lots up for bid (318 changed hands, for a sell-through rate of 67 percent).
There were numerous highlights in this portion of the sale, offered over the course of both days, including an early “Dodge Brothers, Inc.” specimen stock certificate driving away for $295; and a large collection of historic proof and specimen banking stock certificates, mostly dating from the 1820’s to the 1860’s. These did exceptionally well, with 37 lots selling out of 42 lots offered.
Foreign bonds and shares included a group of 33 Chinese railroad and government bonds, with all lots selling for between $65 and $620. A Submarine Boat and Torpedo Co. 1889 stock with a unique vignette was torpedoed for $560; a St. Louis and Iron Mountain Railroad Co. 1872 specimen bond, possibly the only one known, gaveled for $1,298; a Pittsburgh, New Castle and Cleveland Rail Road Co. 1858 stock certificate