Lot 36: Saginaw Valley and St. Louis Rail Road

HWPH Historisches Wertpapierhaus AG

November 10, 2012, 11:00 AM CET
Wuerzburg, Germany
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Description: State of Michigan, 1 May 1872, 8 % First Mortgage Bond for US-$ 1,000, free from Government tax, #100, 29.3 x 42 cm, brown, black, folds, rest of coupons, superb steel engraving vignettes: train approaches, factories beyond, farmer plows bottom right, only five more certificates listed in Cox, rarity from the collection of Tankred Menzel.
State of Michigan, 01.05.1872, 8 % First Mortgage Bond über US-$ 1.000, free from Government tax, #100, 29,3 x 42 cm, braun, schwarz, Knickfalten, KR, herrliche Stahlstichvignette mit fahrendem Zug vor Fabrikanlagen sowie Vignette mit Bauern beim Pflügen, nur fünf weitere Exemplare bei Cox gelistet, Rarität aus der Sammlung von Tankred Menzel.
The railway company was founded in 1871. It built the 34 miles long railroad from Saginaw to St. Louis in Michigan. The operational management was done by the Detroit, Lansing & Northern Railroad. In 1896, the company merged with the Saginaw & Grand Rapids Railroad, the Detroit, Lansing & Northern Railroad and with the Saginaw & Western Railroad to form the Detroit, Grand Rapids & Western Railroad. This railroad became part of the Pere Marquette Railroad in 1899. This railroad was merged with the Chesapeake & Ohio Railroad in 1947.
Die Eisenbahn wurde 1871 gegründet. Sie baute die 34 Meilen lange Strecke von Saginaw nach St. Louis in Michigan. Die Betriebsführung lag bei der Detroit, Lansing & Northern Railroad. 1896 fusionierte die Bahn mit der Saginaw & Grand Rapids Railroad, der Detroit, Landsing & Northern Railroad sowie der Saginaw & Western Railroad zur Detroit, Grand Rapids & Western Railroad. Diese ging 1899 in der Pere Marquette Railroad auf. 1947 wurde diese auf die Chesapeake & Ohio Railroad verschmolzen.
Condition Report: VF
Notes: Country: USA, Region: Amerika
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Shipping: Auction House will ship, at Buyer's expense
Buyer's Premium
From: To: Increment:
€0 €9 €1
€10 €29 €2
€30 €99 €5
€100 €299 €10
€300 €999 €25
€1,000 €1,999 €50
€2,000 €4,999 €100
€5,000 €24,999 €500
€25,000 €49,999 €1,000
€50,000+ €2,000
Shipping Terms: Auction House will ship, at Buyer's expense
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Germany: Euro 6 plus 19 % VAT.
Western Europe: Euro 10 plus 19 % VAT.
Other countries: Euro 20 plus 19 % VAT.
Buyers Premium: The general buyer's premium amounts to 15 % of the hammer price up to Euro 5,000, 10% on the next Euro 5,000 and 5% on any excess over Euro 10,000 (per lot!). Then we have to add VAT (value added tax) at 19 % of the buyer's premium. This way the maximum charge amounts to 17.85 %.

Please note: While registration at Artfact/Invaluable is free there will be only an additional 3% (plus VAT) buyer's premium charged for lots won via Artfact/Invaluable. In total the maximum charge amounts to 21.42 %.
Tax: VAT (value added tax) at 19 % of the general buyer's premium and an additional 3% buyer's premium charged for lots won via Artfact/Invaluable. The maximum charge amounts to 21.42 %.
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