2034

IL. Asylum, Fox River, Kane County. Phalanx of Illinois. $1. 1840s. Unissued re

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:450.00 - 900.00 USD
IL. Asylum, Fox River, Kane County. Phalanx of Illinois. $1. 1840s. Unissued re
<B>IL. </B><I>Asylum, Fox River, Kane County. </I>Phalanx of Illinois. <B>$1. </B>1840s. Unissued remainder. Eagle with wings outstretched with shield and arrows, top; Indian in headdress in oval, left. "The Bearer is holder of one share of one dollar in the Labour & Property Stock of the Phalanx..." Fourierism was a 19th century social reform system that proposed organizing society into small, self-sustaining communal groups. There was a Phalanx community in Sangamon County that practiced this philosophy until 1848, when it became financially embarrassed. Perhaps this Kane County association was a similar entity. This note sold in 1987 for $600, an extraordinary amount of money for an obsolete note at that time. The Fox River flows right through Aurora, the Schingoethe's home town. <B>F-VF,</B> with a few pinholes and very minor foxing.