Holabird Western Americana sale includes unusual lots featuring wide range of exonumia

Rare Rhyolite, Nev., trade token recalls when ghost town was a bustling mining community
By , Coin World
Published : 09/16/15
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A rare trade token issued during the heyday of Rhyolite, Nev. (now a ghost town), highlights the Oct. 2, 3 and 4 portion of the Million Dollar Auction by Holabird Western American Collections LLC.

The auction sessions are scheduled at the firm, 3555 Airway Dr., Suite 308, in Reno, Nev.

Visit Holabird’s website for instructions on online bidding.

A 20 percent buyer’s premium is added to the final closing hammer price of each lot won.

Lots  4000 to 4585 will be offered Oct. 2; Lots 5000 to 5542 on Oct. 3; and Lots 6000 to 6685 on Oct. 4.

Rhyolite trade token

With a pre-sale estimate of $7,000 to $10,000 The Payteller 12½¢ "good for" token was issued in Rhyolite, Nye County, Nev.

Octagonal, 30 millimeters in diameter and struck in aluminum, the token, bears an obverse pictorial design featuring a bearded miner carrying a pick and shovel over his right shoulder and carrying a lunch bucket in his left hand. A mountain and rising sun are in background on the piece, struck by L.H. Moise in San Francisco. It is attributed as Rc-5 in Nevada Trade Tokens by Len Hoskins, John Schilling and Hal Dunn.

Located in Nevada's Bullfrog Hills and situated near the eastern edge of Death Valley, Rhyolite began life in 1905 as one of several mining camps that sprang up in the region after a prospector discovered gold.

Rhyolite, named after a type of volcanic rock, was built near the region's biggest mining operation, the Montgomery Shoshone Mine.

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