LOT Old Heritage Auctions  /  2008 Feb Long Beach, CA Tokens & Medals #462  / 

81434

(1935) Partial Alaska Bingle Set AU58 to MS64

Currency:USD Category:Coins & Paper Money Start Price:1,300.00 USD Estimated At:1.00 - 1,000,000.00 USD
(1935) Partial Alaska Bingle Set AU58 to MS64
<B>(1935) Complete Eight-Piece Alaska Bingle Set.</B></I> The story of the Alaska "Bingles" begins during the Great Depression. Midwestern farmers, struggling with depressed crop prices, were relocated by the Federal government to the fertile Matanuska Valley. Beginning in 1935, those farmers involved in Federal work projects were paid partly in Alaska Rural Rehabilitation Corporation tokens, which at first could only be redeemed in government-operated stores. Local merchants also began to accept the tokens, which defeated their food stamp-related purpose. Token distribution ended in 1937. The present set is complete except for the brass ten dollar piece, and includes:<BR><B>One Cent MS63 NGC.</B></I> Untoned and semi-prooflike with a few faint field marks. The only octagonal token in the series.<BR><B>Five Cents MS61 Prooflike NGC.</B></I> A flashy ice-white example that displays minor field abrasions.<BR><B>Ten Cents MS64 Prooflike NGC.</B></I> A nicely mirrored and untoned bingle with impressively undisturbed surfaces.<BR><B>Twenty-Five Cents MS62 Prooflike NGC.</B></I> The moderately reflective fields exhibit only a few wispy grazes and hairlines.<BR><B>Fifty Cents MS62 Prooflike NGC.</B></I> A mirrored example that has a hint of tan toning along with incidental field chatter.<BR><B>One Dollar MS62 Prooflike NGC. </B></I>Flashy and essentially brilliant, light marks are distributed.<BR><B>Five Dollars AU58 NGC.</B></I> A satiny matte-like brass example that has a whisper of friction on the prominent 5. A pair of faint, thin, straight marks are noted on one side.<BR><B>Ten Dollars--Improperly Cleaned--NCS, Unc. Details. </B></I>This canary-gold ten dollar token is a bit bright, and has a few moderate field marks. The five and dollar tokens have the lowest mintage (1,000 pieces each) of the bingle denominations.<BR>Listed on page 389 of the 2008 <I>Guide Book</B></I>.<BR><I>From The Madison Collection.</B></I><BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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