Watch List notes:

Northern Electric Railway - Northern Electric Company Specimen or Unissued 1907 Panic Scrip San Francisco, CA. November 15th, 1907. $10. Series B. Specimen or unissued panic scrip note. Blue border and text printed on light blue paper. Facsimile signature of "Henry Butler" as president. Note has been graded in a PMG holder, 65 Gem Uncirculated EPQ. Britton & Rey. Rare Railroad related Panic scrip currency.

Estimate: 300 - 600