Heritage published the following article in their Currency News email entitled Pinetuckey Gold Mines 10¢ Oct. 15, 1862 Note by Frank Clark.
-Garrett
When I saw this note from Pinetuckey, Alabama, in our upcoming October GACC U.S. Currency Signature Auction that will be held October 8-10, the note intrigued me in several ways. It was on the town of Pinetuckey which I had never heard of. Also, its issuer was in an industry which I had never associated with the state of Alabama - gold mining. Also, it has a 2x2 inventory coin flip that I suspected to be from the collection of John J. Ford, Jr.
My research led me to discover that neither the town nor the issuer is listed in either of the two major paper money references on Alabama paper money. In fact, this will be Heritage's first opportunity to offer a note on either the town or the issuer. I also learned that the Pinetuckey Gold Mines were in located Randolph County which is right along the Georgia state line. I also found statistics on gold ore shipments from Alabama during 1830-60 to all United States Mints which totaled $367,000. Therefore, there was gold in the Alabama hills.
The 2X2 inventory coin flip led me to lot 1239 in Part VIII of The John J. Ford, Jr. Collection auction that was held in January 2005. Our consignor acquired this note out of that auction. The inventory coin flip also identified the seller to Mr. Ford as Doug Ball – a well-known and well-respected fellow numismatist.
As I was able to answer my questions concerning this intriguing note, I hope I have answered some of yours. As far as we can tell, this piece is unique and congratulations in advance to the winning bidder.
Another great note with a prominent pedigree. I collected U.S. Civil War scrip notes for a good while. Collectively, there seems to be an inexhaustible supply, but individually these survivors are often quite rare and always have interesting history behind them.
-Editor
Wayne Homren, Editor
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