Watch List notes:

City of Pendleton Depression Scrip.Pendleton, Oregon, 1933, $1, Issued scrip note, Serial #48, Black on red with portrait of "Til Taylor" in center flanked by cattle and sheep town logo with wheat, back is black with aerial view of fairgrounds and grandstand flanked by 2 bucking broncos. Fine to VF condition. Scarce Oregon depression scrip that is Rodeo related.

Estimate: 35-70