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Auction: 314 - Numismatic Collector's Series Sale
Lot: 1247

Van Choate Electric Car and Light Co (ME), $10 shs, 1892, #9 and higher, company name in clouds with rays of light, purple, one with piece out of left margin, otherwise good VF-VF+. When this company was sold in 1901, it was discovered that none of the inventions it was supposed to be developing had any practical value, and that its assets could in no way justify its $6 million capitalization. [8]

Sold for
$120