Wall Street Auction #XXI, Session 1

Pittsburg, Bessemer and Lake Erie Railroad Co. Specimen Bond With Gold Clause of 1933. Pennsylvania, 1897 (1933), $1000, Specimen, Consolidated 1st Mortgage 5% Gold bond. Black with Olive-green borders and underprint, Locomotive over bridge with boats in front and large building in back on top and miner on bottom. XF condition. Coupons attached. Rare Pennsylvania railroad that is listed in Cox but this is an unlisted bond design and type. Extremely attractive and ornate. This bond has overprinted on the front diagonally a change in the terms stating that the bond is not payable in gold but by any "Coin or Currency.....is Legal Tender for Public and Private Debts". ABNC.