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Auction: 312 - Numismatic Collector's Series Sale
Lot: 2856

Keely Motor Co (PA), $50 shs, 1880, signed by John W Keely as president, semi-nude woman with Keely motor, portrait of Keely below, green, fold and edge wear, good VF. Keely claimed to have created an engine that ran on water, but the real power source was a colleague hidden in the cellar, turning a crank that made the demonstration model move. No one was allowed to inspect the model closely. Investors swallowed the idea hook, line and sinker, but Keely was eventually exposed.

Estimate
$400 to $500