495
CA - Pismo Beach,San Luis Obispo County - 1933 - California Market Clam Shell Good For 25c #1030
Currency:USD
Category:Collectibles / Western Americana
Start Price:125.00 USD
Estimated At:250.00 - 400.00 USD
SOLD
450.00USD+ (78.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2012 Mar 30 @ 20:41UTC-7 : PDT/MST
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
Invoicing and lot pick up will NOT be available at the live auction.All items will be shipped or may be picked up at the Reno office the first Monday following
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Large (3" X 5") clamshell hand painted, Good For/25c/on demand at/California Mkt/Pismo Beach Best/No.1030. 3/8/33. Signed twice on obverse and five times on the reverse. Signatures include H. Williams, W.J. Sparrow of Los Angeles Bis Co., Claude Devereaux, C.M. McCoy. P.M. And others. This large, thick clamshell is a beautiful example of this rare form of currency. The Official Black Book Price Guide to United States Paper Money By Marc Hudgeons, Thomas E. Hudgeons valued this piece at $425 in 2008. This shell has two small breaks on one edge that have been repaired with glue.
Smithsonian's History Explorer website shows an image of one of these clam shells, which were made and circulated in the two California's cities of Cresent City and Pismo Beach in 1933, held by the National Museum of American History: The website (http://historyexplorer.si.edu) tells the story of these unusual forms of currency. "When the Depression and resulting banking crisis hit their community, the residents of the coastal town of Pismo Beach, California picked an unusual but logical medium of exchange. The pismo is a species of clam with a very thick shell, then found in large numbers along the California coast and prized as a food. A town named after the bivalves suggests an adequate supply of their shells. Perhaps with tongue in cheek, the merchants and officials of Pismo Beach (who were often the same people) decided to make the best of a bad situation, and to make the humble clam shell into an object of trade. This they did. The Chamber of Commerce and no fewer than eleven merchants issued clamshell scrip. Each piece was numbered, and each piece was signed on the front and on the back. As with the stamp notes of the Midwest, it was necessary to sign each clamshell on the back in order to keep it in circulation. No formal requirements may have existed, but informal pressure certainly would have endorsed the practice.…. (The Clam shells were) intended partly as a real, if unique, circulating medium.…. Each piece was numbered, and each was signed on the front and on the back. This specimens are dated 1933. This was in the middle of Roosevelt's national banking holiday, and it is exactly the time when we might expect to see people take money into their own hands." See two other examples under Crescent City in California. - Weber Collection
Auction Location:
Red Lion Hotel 1401 Arden Way, Sacramento, California, 95815, United States
Previewing Details:
Preview is available at our Reno office located at 3555 Airway Drive Suite #308 by appointment only, any
time prior to 3/30/2012. Call 775-852-8822 to schedule a preview. Space is limited. Preview is open to
the public on 3/30/2012 from 12:00pm to 6:00pm at Red Lion Hotel located at 1401 Arden Way, Sacramento CA 95815
Sales tax will apply, according to state law, for any items that ship to Nevada or California or are picked
up at our Reno, Nevada location, unless a current, valid re-sale certificate is provided at the time of
purchase.
Taxes:
| Tax | Rate | Desc. |
| NST |
7.725% |
Nevada Sales Tax: |
| CST |
9% |
California Sales Tax: |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
17.5% |
Additional Fees:
Shipping Details:
Shipping will be calculated prior to invoicing, based on the size and weight of your purchase. A $5
handling fee will be included in the shipping charge. The customer is responsible for all shipping charges.
We do not ship any purchases until the auction invoice is paid in full. Purchases will be shipped via
our approved, insured carriers, Federal Express or the US Postal Service. All items shipped Federal
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extra cost to the buyer. Federal Express shipments will be sent the Monday, Tuesday or Wednesday
following receipt of payment. Pick up is available from our Reno Office the next business day after
the auction. NOTE: Some shipments (of unusual size, dimension or weight) may require special
handling for which individual costs will be calculated and applied to the shipping charge on the invoice.
Payment Details:
We accept Visa, Master Card, Money Order/Cashiers Check, Person Check, PayPal: HKAEbayRep@yahoo.com. A 3% discount is applied to the Buyer’s Premium on all sales. That discount will be reversed if payment is made with a credit card or through PayPal.
Accepted Payment Methods:
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1. This is a Live Auction.
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16. Sales Tax: Sales tax will apply, according to state law, for any items that ship to Nevada (7.725%) or California (9.0%) unless a current, valid re-sale certificate is faxed to us at 775-852-8866 before bids are placed.
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Kagin’s, Inc. nor its subsidiary auction company Holabird-Kagin Americana shall not be held responsible for any problem due to the bidders failure to follow the rules, terms and conditions of this sale, or any failure to bid due to the loss of the online auction process provided by any of the online auction networks; or missed bids, changed bids or cancelled due the bidders failure to follow the proper bidding procedure outlined herein.