Iowa, Hopkins-Obsolete Currency $25 Railroad Stock 1870's PMG 58 CVF

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Location: Fargo, North Dakota
Ships to: US,
Item: 196758036690

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Item must be returned within:30 Days
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Denomination:$25
Type:Bond Certificates
Certification Number:2185501-044
Grade:58
Country/Region of Manufacture:United States
Certification:PMG

Rare Iowa “Hopkinton” Stock Certificate, Obsolete Currency – 1870s Davenport & Pail Railroad Company, $25 – PMG 58 CVF – One-of-a-Kind! Up for auction is a unique and one-of-a-kind Stock Certificate from Hopkinton, Iowa—an incredibly rare piece of obsolete currency that dates back to December 23rd, 1870. This $25 stock certificate is graded PMG 58 Choice Very Fine (CVF), making it an exceptional addition for collectors of historical currency, railroad memorabilia, and American financial history. Key Details:Type: Stock Certificate / Obsolete CurrencyIssuer: Davenport & Pail Railroad Company (Crossed out as “Davenport” and replaced with “Hopkinton”)Denomination: $25 (upper right corner)Serial Number: 13017 (pre-printed)Date Issued: December 23rd, 1870Signed By: F.B. Deolite, TreasurerRecipient: W.H. Finley, Receipt for 5 Shares of Railroad StockGrading: PMG 58 Choice Very Fine (CVF)Condition: One-of-a-kind; No other examples graded by PMG Historical Background: This stock certificate represents a fascinating piece of Iowa’s local history and captures the spirit of early railroads during the post-Civil War era, when railroads played a crucial role in shaping the economic landscape of the United States. Issued by the Davenport & Pail Railroad Company, the certificate originally bore the name “Davenport”, which has been manually crossed out and replaced with “Hopkinton”—indicating a change in location or company affiliation during a time of growth and expansion for small-town America. Hopkinton, Iowa, remains a small town today with a population of fewer than 700 people, located in the northeastern part of the state. Hopkinton was founded in 1850 and later incorporated in 1874, a few years after this certificate was issued. Such artifacts from Hopkinton’s early days are extraordinarily rare, providing a tangible connection to the region’s modest beginnings and its involvement in early railroad enterprises. Why This Item is Special:One-of-a-Kind Rarity: This stock certificate is truly one-of-a-kind. No other examples have been graded by PMG, making it a unique piece of Iowa’s financial history. Its obsolescence and distinctive modifications (crossing out “Davenport” for “Hopkinton”) only add to its historical intrigue.Historical and Cultural Significance: The Davenport & Pail Railroad Company was part of the wave of railroad expansion that transformed the American Midwest. This certificate is an important artifact from that transformative period, highlighting the town’s brief yet ambitious involvement in the railroad boom of the late 19th century.Condition and Presentation: Graded as PMG 58 Choice Very Fine (CVF), this certificate is in remarkably well-preserved condition for its age, with minimal wear that retains its original details and character. It features the $25 denomination in the upper right corner, along with the handwritten recipient and F.B. Deolite’s treasurer signature, making it a beautifully authentic piece of history. Collectibility and Investment Potential: This Hopkinton Stock Certificate represents an extraordinary collectible for those interested in American history, railroads, or obsolete financial instruments. Its rarity and connection to a small town in Iowa’s early history make it not only a valuable addition to a collection but also an investment opportunity. The lack of other graded examples makes this piece truly special, particularly for those focused on railroadiana or regional currency from the Midwest. Don’t miss your chance to own a unique piece of Iowa’s railroad and financial history. Place your bid today on this Rare 1870s Hopkinton Stock Certificate – Davenport & Pail Railroad Company, $25, PMG 58 CVF, and add a remarkable and well-preserved piece to your collection—a testament to the aspirations and growth of small-town America during the golden age of railroads. A Journey into Collecting, Investing, and the Historical Interest in Railroad Currency, Stock, and Bonds The story of railroad currency, stock, and bonds is deeply intertwined with the history of American growth and prosperity. As the United States expanded westward in the 19th century, the railroad industry became the engine of growth—literally and figuratively—paving the way for settlement, commerce, and economic opportunity across the nation. The development of railroads, backed by financial instruments like stock certificates, bonds, and currency, was not only a transformative chapter in American history but also an incredible opportunity for investment. For collectors, these financial artifacts hold immense historical interest, connecting us to the ambition, wealth, and vision that helped shape modern America. The Birth of American Railroads and Their Influence on Finance The beginning of the American railroad system dates back to the early 19th century, with the construction of the Baltimore & Ohio Railroad in 1827, the first steam-operated railway in the United States. This was a turning point, marking the start of a transportation revolution that would dramatically alter the landscape of the country. By the 1840s, the railroad industry became instrumental in the westward expansion, providing access to the vast, uncharted western territories and allowing for the rapid growth of settlements, industries, and commerce. To finance the construction of these railroads, companies turned to the public for investment, issuing railroad stocks, bonds, and sometimes even currency. These financial instruments were offered to raise funds for the ambitious infrastructure projects that were vital to the development of the American frontier. Railroad bonds became a popular investment, backed by the promise of new lands and resources, while stock certificates offered ownership stakes in burgeoning railroad companies that were promising substantial returns on investment. The Powerhouses Behind the Rails: J.P. Morgan, Carnegie, Rockefeller, and the Vanderbilts The story of railroad expansion is also a story of the influential figures who shaped and controlled the industry. These titans of industry played pivotal roles in the growth of the American economy and laid the foundations of modern finance and industry: J.P. Morgan, the legendary banker, was instrumental in consolidating many railroad companies, effectively controlling vast segments of the rail network. His influence over the railroads helped bring stability to a chaotic industry, and his financial backing brought credibility to railroad bonds and stocks, making them more attractive to investors. Andrew Carnegie, known primarily for his steel empire, played an important role in providing the materials necessary for building railroads. His steel made the tracks that connected the East to the West, and the fortunes he amassed were directly tied to the success of the railroad system. John D. Rockefeller, whose Standard Oil Company relied heavily on the railroads to distribute oil products, leveraged his influence to negotiate favorable shipping rates. Rockefeller’s symbiotic relationship with the railroads highlights the economic power wielded by those who controlled both the resources and the transportation networks. Cornelius Vanderbilt, known as the “Commodore,” amassed a fortune by building and controlling railroad lines. His strategic acquisitions and expansion efforts made him one of the wealthiest men in America, and the stocks and bonds issued by his railroad companies were highly sought after by investors. These powerful figures understood the immense value of the railroads, not just as a means of transportation but as a cornerstone of American industry. The financial instruments they issued—railroad stocks, bonds, and even private currencies—became critical components of the expanding American economy. Railroad Bonds, Stock Certificates, and Obsolete Currency Railroad bonds were often issued to raise capital for the construction of new lines, and they came with the promise of substantial interest payments. These bonds were sold to individuals and institutions alike, providing a relatively safe investment backed by real assets—rails, trains, and land. Stock certificates offered an ownership stake in the railroad companies, and owning these stocks was often seen as a status symbol, given the prestige and power associated with the railroads. Railroad currency, often issued by private companies or states, was another form of payment used during the railroad construction boom. Before the establishment of a centralized national currency, many railroad companies issued their own notes to pay workers or to serve as an exchange medium in remote areas where official government currency was not readily available. These obsolete currencies are highly collectible today, as they represent a period in American history when private companies wielded significant influence over the economy. Collecting Railroad Financial Instruments Today For collectors, railroad stock certificates, bonds, and currency represent more than just financial artifacts—they are pieces of American history that tell the story of the nation’s growth. The beautifully engraved certificates, often adorned with images of locomotives, rail workers, and grand visions of expansion, reflect the optimism and ambition of the age. Stock Certificates: Collecting railroad stock certificates is particularly appealing because of their intricate designs and historical significance. Certificates from companies like the Union Pacific Railroad or those signed by figures like Cornelius Vanderbilt are not only visually stunning but also valuable pieces of history that tell the story of American industry and expansion. Railroad Bonds: Railroad bonds are also highly sought after by collectors and investors. Bonds issued by prominent companies, especially those linked to major railroad magnates, are particularly desirable. They provide a tangible connection to the economic underpinnings of the railroad industry and the individuals who financed America’s westward growth. Obsolete Railroad Currency: The private railroad currencies issued before the establishment of a centralized national currency system are among the most fascinating collectibles. These notes are rare and highly collectible, as they represent the financial independence that many companies had during the railroad boom. For collectors of obsolete currency, these notes are prized for their uniqueness and the stories they tell about the early economic challenges of a growing nation. The Influence on U.S. Paper Money Issues The influence of the railroad industry on the development of U.S. paper money cannot be overstated. The growth of the railroad network necessitated a reliable and consistent currency system to facilitate commerce across the vast distances of the United States. The success of railroad bonds and stocks also demonstrated the potential of large-scale public investment, setting the stage for the federal government to issue its own national currency. In 1863, the National Banking Act was passed, establishing a system of national banks authorized to issue National Bank Notes. This act, influenced in part by the need for a stable currency to support the burgeoning economy driven by railroad expansion, marked the beginning of the federal government’s involvement in the regulation of currency. By 1880, the United States had a more cohesive national currency system, reducing the need for private and state-issued notes, including railroad currencies. Investing in Railroad Collectibles The investment potential of railroad-related financial instruments is significant, especially for those who appreciate their historical value. The rarity of high-grade stock certificates, bonds, and obsolete currency makes them valuable additions to any collection, and their connection to influential historical figures only enhances their appeal. As tangible artifacts from one of the most transformative periods in American history, these items provide not only a potential financial return but also an emotional and intellectual connection to the past. Conclusion The journey into collecting, investing, and exploring the historical interest in railroad currency, stock, and bonds is one of discovery and fascination. These financial instruments are not just pieces of paper—they are stories of ambition, innovation, and transformation. From the westward expansion to the powerful figures like J.P. Morgan, Carnegie, Rockefeller, and Vanderbilt, the railroad industry shaped the economic landscape of the United States and left behind a rich legacy of financial artifacts. Whether you are a seasoned collector or just beginning your journey, the world of railroad financial instruments offers a glimpse into the golden age of American industry—a time when the country was built on the backs of railroads, and fortunes were made by those who dared to dream big. Every stock certificate, bond, and piece of railroad currency is a testament to the spirit of growth and opportunity that defined an era, making them invaluable pieces of America’s numismatic and economic heritage. _____________________________________________________________________________________________ What Makes Bloc Galleries Special? At Bloc Galleries, we don’t just sell collectibles – we live them. What makes us different? It’s our passion, our people, and our relentless commitment to making your collecting experience not just good but great. Here’s what sets us apart: Our Money-Back Guarantee We offer 100% seller paid returns, our money-back guarantee is simple, if the item isn’t quite what you expected, you can return it for any reason. We’re here to make sure your collecting experience is fun, exciting, and, above all, satisfying. You’re not just buying from us – you’re embarking on a collecting adventure with us by your side. At Bloc Galleries, we’re committed to offering the finest collectibles, backed by a team that’s always ready to make sure your experience is nothing short of outstanding. We know that when it comes to collectibles, photos and descriptions might not always match your exact expectations. We handle tens of thousands of items each year, and sometimes mistakes happen. If we ever mix up a listing or a photo, we’ll go the extra mile to make it right – even if it means offering a better grade or condition at the same or lower price. We’re all about turning those occasional hiccups into win-win moments for you. Not completely satisfied? You’ll get a full refund, including return shipping, on us. Just let us know (via eBay, phone, or text) before leaving feedback – we’re here to make things right. Our Team At Bloc Galleries, we believe that extraordinary things are only achieved by extraordinary people. We’re not just employees – we’re collectors, just like you. Each banknote, artifact, or treasure has a story, and we’re as invested in discovering and sharing these stories as you are. We pour in not just hours but heart, energy, and dedication. Sure, we’re human, and sometimes we stumble, but our commitment to always do right by you never falters. We’re not just here to sell – we’re here to join you on this exciting collecting journey. And if we ever mess up? We make it right – even if it costs us, because we’re in this for the long haul. Vast Acquisitions, Unbeatable Pricing Every quarter, we acquire tens of thousands of banknotes, leveraging our global network to source inventory you won’t find anywhere else. By buying in bulk, we’re able to pass on deep savings to you. Quality notes, below market prices – that’s just how we roll. The Thrill of Discovery We’re not about overly cataloging and pre-screening every item. Instead, our streamlined team focuses on curating auction lots with a sense of adventure. Our unsearched, high-grade currency lots are brimming with hidden gems, and our customers are continually amazed at the incredible finds they’ve snagged. Every bid is an opportunity to unearth something truly special. Customer-Friendly Bidding Our auctions kick off with low opening bids and no reserve pricing, making the experience transparent, exciting, and accessible for all. Whether you’re bidding on one item or twenty, we’ve got you covered with our flat shipping rate. Simplified Shipping, Maximum Value Shipping? We keep it simple. For just $6.50, for purchases made the same day (24 Hours) we’ll ship your treasure trove safely to your door. And yes, that flat rate covers combined shipping, whether you win one item or 25. We’ve got your back. Shipping & Handling We take shipping seriously. Our team carefully packages and ships items twice weekly, ensuring your orders arrive safely and promptly. Based in the heart of the U.S. (Fargo, ND), we typically see short delivery times, and for orders over $200, we include tracking for extra peace of mind. •Flat Rate Shipping: $6.50 for all domestic orders, including combined shipping on multiple items.•International Orders: We primarily use eBay’s Global Shipping Program, with an average rate of about $14 for international shipments. If costs are significantly higher, we’ll reach out to you. Note that international returns are not accepted, and customs regulations may apply. International Purchases For our international customers, we typically use eBay’s Global Shipping Program, which provides reliable shipping at a reasonable cost (around $14 on average). However, if the rate is higher, we’ll let you know. Combined orders will receive a custom shipping quote, but please note we do not offer free shipping on international orders. Make sure to check your country’s customs and regulations as international returns are not accepted. Payment & Cancellations We totally get that life happens. If you need extra time, no worries – just let us know! However, all unpaid orders will be automatically canceled after 5 days. Keep in touch if you need assistance, and we’ll work with you. Why Bloc Galleries? It’s simple. We’re passionate about what we do, and we want to make sure you are, too. Our auctions are more than just sales – they’re an adventure. Join us every week for your chance to discover new treasures and experience a team that’s here to make your collecting journey fun, exciting, and stress-free. Bloc Galleries – where discovery meets passion, and your satisfaction is our mission. ____________________________________________________________________________________________ THE AMAZING Story of Stubby and Tabby In the heart of World War I’s treacherous trenches, Stubby, the fearless terrier, found an unexpected ally: a scrawny, soot-covered cat, later named Tabby by the soldiers. The two became inseparable, each contributing uniquely to the soldiers’ survival. Stubby, ever alert and loyal, warned of incoming gas attacks and imminent danger. Meanwhile, Tabby quietly patrolled the trenches, hunting the rats that plagued the men, ensuring the soldiers’ limited rations weren’t contaminated. Their presence did more than just help with practical matters—they brought rare moments of comfort and calm to the exhausted soldiers. In a place filled with unimaginable horrors, Stubby and Tabby offered something deeply human: companionship, warmth, and a small reminder of home. At dawn, Stubby’s bark echoed through the cold, signaling the arrival of gas, while Tabby silently chased the vermin. Together, they gave the soldiers a reason to smile and hold onto their humanity, even in the chaos of war. One night, as the shelling grew deafening, the soldiers huddled in the darkness, watching as Stubby and Tabby curled up together. For a brief moment, the noise of war faded, and the men found solace in the bond between these two creatures. From different worlds, they had become symbols of resilience, love, and survival. Stubby’s tale didn’t end with the war. A few years after his return home, the brave terrier passed away, leaving behind a legacy of courage and loyalty. Not long after, Tabby, his faithful companion, was found curled up in her favorite spot, quietly slipping away, as if she had died of a broken heart. Some whispered that she couldn’t bear the loss of her dearest friend. To this day, it’s said that Stubby and Tabby watch over the forgotten soldiers, the patron saints of those who served in silence. Their bond, forged in the darkest days of war, became a lasting symbol of the enduring connection between animals and the soldiers they saved—both in body and in spirit.

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