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Auction: 18016 - Bonds and Share Certificates of the World Online Auction
Lot: 385

USA: Maryland and New York Iron and Coal Company (MD), 6% bond for $480 or £100, 1842, #1270, black, with coupons, two of which for 1843 have been paid. The Company was incorporated in 1837 with a capital of $1,000,000 to establish a plant at Mount Savage, Maryland to manufacture and smelt iron out of local ores. The company was founded by an Englishman and much of the stock was held in England. The United States government was also to become one of the largest stock holders. Also the first company to produce iron rails in America. Operations ceased in 1847. VF-EF and rare.

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Estimate
£60 to £80