2132
Portland,OR - Multnomah County - 1854 - Adams & Co. Express and Banking Office, Second of Exchange :
Currency:USD
Category:Collectibles / Banks, Registers & Vending
Start Price:200.00 USD
Estimated At:400.00 - 800.00 USD
SOLD
325.00USDto c****n+ buyer's premium (56.88)
This item SOLD at 2011 Mar 16 @ 18:07UTC-07:00 : PDT/MST
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
Adams & Co. Express and Banking Office Second of Exchange. Datelined San Francisco, lined out and "Portland, Oregon" hand-written above it. Dated November 21, 1854. No. 1031, payable "at sight" ("days after" is lined out) to Ephraim Pope for $500.00. Vertical signature of "Justin (illegible), Agt," written across center of note. Signed by Adams & Co., the certificate has no destination line, but Boston is hand-written at the lower left. Vignettes include miners with sluice box at top center, three allegorical women at center left, and the Seal of California at bottom center. Printers: Toppan, Carpenter, Casilear & Co., New York & Philadelphia. In 1843 William Overton, a drifter from Tennessee, and Boston lawyer Asa Lovejoy were canoeing down the Willamette River when they arrived at the area that is now Portland. They began to establish a settlement, but Overton moved on, selling his half of the share to Francis Pettygrove. Portland was named following a coin toss between Lovejoy and Pettygrove in 1845. Lovejoy was from Massachusetts and wanted to use the name Boston, while Pettygrove was from Maine and wanted to name the area Portland. Pettygrove won the best of three toss, and Portland was born! The first Post Office opened in 1849, and by 1850 Portland's population had reached 800, including a log-cabin hotel and a newspaper called the Weekly Oregonian. After Congress passed the Oregon Land Act, every man or woman was entitled to 320 acres. It was incorporated in 1851, and became the second largest city in the Northwest. The regional economy was based on fishing, timber, wheat, and cattle. It also became a major transportation center because of its proximity to railroads and rivers [pdxhistory.com]. Printed on blue paper with several light vertical and horizontal foldlines, otherwise very fine. A rare piece from the Portland office of Adams & Co. Type III, Variety IB.
Auction Location:
Each session will be held at different locations, Sacramento, California, 95815, United States
Previewing Details:
The auction for session C will be held at the Sacramento Convention Center 1400 J Street 95814 Room #308. Previews for this session will be on Tuesday March 15th from 12pm to 6pm, and on Wednesday March 16th from 10am to 4pm at the Convention Center in Room #310.
Tax Details: Nevada sales tax will be added to all orders pick up at our location in Reno, NV or shipped to an address in Nevada unless a valid resale certificate is provided prior to invoicing. California sales tax will be added to all orders picked up in California or shipped to an address in California unless a valid resale certificate is provided prior to invoicing. Resale certificates can be faxed to 775-852-8866 BEFORE the auction closes.
Taxes:
| Tax | Rate | Desc. |
| NST |
7.725% |
Nevada Sales Tax: |
| CST |
8.75% |
California Sales Tax: |
| CSTx |
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
Express will be insured for the full value determined at auction by Holabird-Kagin Americana at no
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:
A 3% cash discount is applied to the Buyer’s Premium on all sales. That 3% discount will be reversed is payment is made by credit card or through Paypal.
Accepted Payment Methods:
- VISA
- Master Card
- Money Order/Bank Draft
- Check/Cheque
- PayPal
- See Payment Details
- Wire Transfer
1. This is a Live Auction which includes an important Mail Bid/Absentee Only Section.
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7. Mail-Bid/Absentee Only Section Bidding: A portion of this sale is designated as “Mail-Bid” or “Absentee Only”. The Mail-Bid/Absentee Only portion of the sale will close after the live auction, Tuesday March 16, 2011 at 5pm PDT. It is your responsibility to submit all lot numbers and bid amounts accurately. Absentee bids should be equal to at least 50% of the low estimate if an estimate is provided.
8. Reserves: Most of the lots in this auction are unreserved. Gold is generally reserved at or near spot, though it could be slightly below spot.
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From: To: Increment:
$0 $29 $1
$30 $95 $5
$100 $190 $10
$200 $475 $25
$500 $1,450 $50
$1,500 $3,400 $100
$3,500 $9,750 $250
$10,000 $max $500
10. Bid Reduction: All winning absentee bids will be reduced, if necessary, to the next bidding increment up from the last competing bid, as long as the minimum bid requirement has been met. For example, if you submit an absentee bid of $1000 and the next highest competing bid is $250, then you will win the lot for $275.
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13. All stock certificates, checks, warrants and other financial documents sold herein are sold as antiquities, and have no financial, securities, or public trading value whatsoever.
14. We reserve the right to reject any bid we feel is not made in good faith.
15. The placing of a bid shall constitute the bidders acceptance of these terms of sale.
16. Buyers Premium: There will be a 17.5% Buyer’s Premium added to each lot. This premium includes a 3% discount for transactions paid with cash, checks, money orders or wire transfers. All other forms of payment are not subject to the 3% discount and the Buyers’ Premium will be calculated at 20.5%.
17. 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.
18. Invoicing: Shipping charges will be added to all invoices. Invoices are mailed or emailed within two business days after the close of all portions of the sale. Payment is due in full within 15 days of receipt of invoice to Holabird-Kagin Americana, 3555 Airway Dr., #308, Reno, NV 89511. We accept cash, personal checks, money orders, wire transfers, etc. All returned checks are subject to a $25 fee. Cash received in amounts greater than $10,000 is subject to the filing of IRS 8300 forms, as required by law. Sales tax will be added to all sales picked-up after the auction or shipped to California or Nevada addresses, according to state law, unless a resale certificate is provided.
19. Payment: 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.
20. Shipping: 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 Express will be insured for the full value determined at auction by Holabird-Kagin Americana at no 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.
21. Return Policy: All items are guaranteed to be authentic. If authenticity is challenged, please call our office for assistance. You may return any piece that was significantly inaccurately described by calling our office within one week of receipt of item(s) and notifying us of the error and reason for return. We do not refund postage or insurance. We have attempted to describe the items and their condition accurately. If no condition is given, assume average. Please call us if you require a more specific condition report. Items may, or may not, carry lengthy descriptions, which is at the sole discretion of the auctioneer. Lengthy descriptions shall be considered as “industry standard.” Any items that are returned must be returned in the exact, unaltered condition. NGC certified tokens that are returned must be original, unaltered NGC holders. Any tokens removed from the original NGC/NCS certification holders or items returned in an altered condition are deemed not returnable under any circumstances. When we receive your bids we will assume you have read the description in the catalog, viewed the image of the item, have contacted us regarding any questions you may have on any lot and/or have previewed the lot in person. Therefore, returns are only accepted if prior approval is given by Holabird-Kagin Americana.
22. This sale is being held under the laws of the State of Nevada.
23. 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 due to the loss of the online auction process provided by any the online auction network; or missed bids, changed bids or cancelled due the bidders failure to follow the proper bidding procedure outlined herein.