These wonderful seals were issued by railroad companies for over a century to help fund the rail roads. These particular coupons or seals were issued in the 1970s and arrive in folded, but uncut sets of 5 seals. Each seal has a different serial number and the seals are for different dollar amounts.
The common information reads:
ON THE FIRST DAY OF AUG. 1978
THE NEW YORK CENTRAL RAILROAD COMPANY, SUCCESSFULLY CONSOLIDATED TO THE NEW YORK CENTRAL AND HUDSON RIVER RAILROAD COMPANY
WILL PAY TO THE BEARER, AT ITS OFFICE OR AGENCY IN THE BOROUGH OF MANHATTAN CITY OF NEW YORK $20 GOLD COIN OF THE UNITED STATES, WITHOUT DEDUCTION FOR TAXES SPECIFIED IN THE BOND BEING SIX MONTHS INTEREST TEN DUE ON ITS FOUR PER CENT. CONSOLIDATION MORTGAGE GOLD BOND, SERIES A No.25419.
These were created by the American Bank Note Company of New York. The dates are listed through the 1990s, but were created in the 1970s. The numbers, dates and the amounts will vary per set and from set to set.
Typically these coupons or seals were cut and redeemed for the face amount. We believe these to be worthless in terms of exchange. However, they are wonderful pieces of ephemera. Who knows, maybe they're real after all!
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