Watch List notes:

Northern Electric Railway - Northern Electric Company Specimen 1907 Panic Scrip. San Francisco, CA. November 15th, 1907. $5. Series A. P-Unlisted. Specimen panic scrip note. Blue-green border and text printed on light blue-green paper. Facsimile signature of "Henry Butler" as president. Note has been graded in a PMG holder, "55 About Uncirculated". Britton & Rey. Rare Railroad related Panic scrip currency.

Estimate: 200 - 400